EVE (NYSE:EVEX) Releases Quarterly Earnings Results

EVE (NYSE:EVEX) announced its earnings results on Tuesday. The company reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13), Zacks reports.

EVE Trading Down 6.2 %

Shares of EVEX traded down $0.17 during trading hours on Wednesday, hitting $2.56. The company had a trading volume of 195,342 shares, compared to its average volume of 67,762. The firm has a market cap of $689.58 million, a P/E ratio of -5.69 and a beta of 0.37. EVE has a 52-week low of $2.45 and a 52-week high of $9.18. The stock’s 50 day moving average price is $3.81 and its 200 day moving average price is $4.98. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.28.

Analyst Upgrades and Downgrades

EVEX has been the topic of a number of research reports. Canaccord Genuity Group lowered their price target on shares of EVE from $9.00 to $8.50 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Cantor Fitzgerald raised shares of EVE from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $7.00 to $5.00 in a research note on Wednesday.

About EVE

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.