Vertical Aerospace (NYSE:EVTL) Trading 1.1% Higher – What’s Next?

Vertical Aerospace Ltd. (NYSE:EVTL) rose 1.1% during trading on Monday . The company traded as high as $6.85 and last traded at $6.6750. Approximately 1,856,895 shares were traded during trading, a decline of 9% from the average daily volume of 2,051,234 shares. The stock had previously closed at $6.60.

Analyst Upgrades and Downgrades

EVTL has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vertical Aerospace in a research note on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Vertical Aerospace in a report on Monday, November 10th. D. Boral Capital reissued a “buy” rating and set a $14.00 target price on shares of Vertical Aerospace in a research note on Wednesday, December 3rd. HC Wainwright restated a “buy” rating and set a $15.00 target price on shares of Vertical Aerospace in a research report on Thursday, September 18th. Finally, William Blair started coverage on Vertical Aerospace in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.80.

Vertical Aerospace Price Performance

The company’s fifty day simple moving average is $5.21 and its 200-day simple moving average is $5.38. The firm has a market capitalization of $666.10 million, a PE ratio of -0.14 and a beta of 1.21.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.09). Analysts forecast that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current year.

Institutional Trading of Vertical Aerospace

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC raised its stake in Vertical Aerospace by 293.4% in the 3rd quarter. Millennium Management LLC now owns 1,787,790 shares of the company’s stock valued at $9,279,000 after purchasing an additional 1,333,312 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Vertical Aerospace by 81.1% in the third quarter. Marshall Wace LLP now owns 1,428,299 shares of the company’s stock worth $7,413,000 after buying an additional 639,404 shares in the last quarter. UBS Group AG boosted its position in Vertical Aerospace by 459.1% during the third quarter. UBS Group AG now owns 471,424 shares of the company’s stock worth $2,447,000 after acquiring an additional 387,104 shares during the last quarter. Verition Fund Management LLC grew its stake in Vertical Aerospace by 1,190.8% during the 3rd quarter. Verition Fund Management LLC now owns 195,151 shares of the company’s stock valued at $1,013,000 after acquiring an additional 180,032 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in Vertical Aerospace by 420.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 166,535 shares of the company’s stock valued at $864,000 after acquiring an additional 134,551 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Vertical Aerospace Company Profile

Vertical Aerospace is a United Kingdom–based aerospace manufacturer specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded in 2016 by entrepreneur Stephen Fitzpatrick, the company is publicly listed on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace’s mission is to deliver zero-emission, high-speed electric aircraft designed to transform short-haul journeys in densely populated areas.

The company’s flagship model, the VA-X4, is a piloted, five-seat eVTOL craft engineered for quiet operation, low running costs and minimal environmental impact.