EVE (NYSE:EVEX) Announces Earnings Results

EVE (NYSE:EVEX) released its quarterly earnings results on Monday. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01, Zacks reports. During the same quarter last year, the firm posted ($0.11) earnings per share.

EVE Stock Down 3.3 %

Shares of NYSE:EVEX traded down $0.09 during trading hours on Tuesday, reaching $2.64. The stock had a trading volume of 38,978 shares, compared to its average volume of 133,846. The stock has a market capitalization of $765.97 million, a price-to-earnings ratio of -5.81 and a beta of 0.37. The firm’s 50 day moving average is $3.09 and its 200-day moving average is $3.76. EVE has a 1 year low of $2.33 and a 1 year high of $7.67. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.87 and a current ratio of 3.87.

Analyst Ratings Changes

Several research firms have weighed in on EVEX. HC Wainwright began coverage on shares of EVE in a report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 target price on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 target price on shares of EVE in a research report on Monday, September 30th.

EVE Company Profile

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.