Vertical Aerospace (NYSE:EVTL) Shares Down 13.1% – Should You Sell?

Vertical Aerospace Ltd. (NYSE:EVTLGet Free Report) dropped 13.1% during mid-day trading on Monday . The stock traded as low as $7.76 and last traded at $7.87. Approximately 218,203 shares changed hands during trading, a decline of 39% from the average daily volume of 359,570 shares. The stock had previously closed at $9.06.

Analyst Upgrades and Downgrades

EVTL has been the subject of several recent research reports. Raymond James reissued a “market perform” rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 target price on shares of Vertical Aerospace in a report on Monday, December 23rd. Barclays raised their price target on shares of Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd.

Read Our Latest Stock Report on Vertical Aerospace

Vertical Aerospace Price Performance

The business’s 50 day moving average is $7.98 and its 200 day moving average is $40.22.

Vertical Aerospace (NYSE:EVTLGet Free Report) last posted its quarterly earnings data on Friday, December 20th. The company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.34) by ($0.58). Analysts anticipate that Vertical Aerospace Ltd. will post -4.18 earnings per share for the current fiscal year.

Vertical Aerospace Company Profile

(Get Free Report)

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.

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