EVE (NYSE:EVEX) Releases Earnings Results, Misses Expectations By $0.04 EPS

EVE (NYSE:EVEX) issued its earnings results on Monday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04), FiscalAI reports.

EVE Stock Performance

NYSE EVEX opened at $2.58 on Wednesday. The firm has a 50-day moving average of $3.56 and a 200-day moving average of $4.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 5.21 and a current ratio of 5.21. The stock has a market cap of $896.87 million, a PE ratio of -3.73 and a beta of 0.88. EVE has a 52-week low of $2.56 and a 52-week high of $7.70.

Analyst Upgrades and Downgrades

EVEX has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on EVE in a research report on Monday, December 1st. They set a “neutral” rating and a $4.84 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EVE in a research report on Monday, February 9th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.47.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in EVE by 144.8% during the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock worth $36,000 after acquiring an additional 3,121 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of EVE in the third quarter valued at approximately $42,000. Mariner LLC bought a new position in shares of EVE during the fourth quarter worth approximately $49,000. Verition Fund Management LLC bought a new position in shares of EVE during the fourth quarter worth approximately $54,000. Finally, Abel Hall LLC acquired a new stake in EVE during the 4th quarter worth approximately $54,000. 1.27% of the stock is owned by institutional investors.

About EVE

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.