Vertical Aerospace (NYSE:EVTL) Announces Quarterly Earnings Results

Vertical Aerospace (NYSE:EVTL) posted its earnings results on Friday. The company reported ($1.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.58), Zacks reports.

Vertical Aerospace Stock Up 4.3 %

EVTL traded up $0.33 on Friday, hitting $8.03. 41,359 shares of the company’s stock traded hands, compared to its average volume of 51,501. The company’s 50 day simple moving average is $6.36 and its 200-day simple moving average is $48.37. Vertical Aerospace has a one year low of $3.55 and a one year high of $12.79.

Analyst Ratings Changes

Several brokerages recently weighed in on EVTL. Canaccord Genuity Group upped their price target on Vertical Aerospace from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Raymond James reissued a “market perform” rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Finally, Barclays raised their target price on Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st.

About Vertical Aerospace

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.