The price of Vertical Aerospace Ltd. (NYSE:EVTL) shares last traded on Wall Street fell -9.65% to $3.37.
Based on available information, 3 analysts follow Vertical Aerospace Ltd. (NYSE:EVTL). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $4.20 and a low of $3.33, we find $3.77. Given the previous closing price of $3.73, this indicates a potential upside of 1.07 percent. EVTL stock price is now -21.64% away from the 50-day moving average and -43.73% away from the 200-day moving average. The market capitalization of the company currently stands at $717.71M.
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Among analysts, 2 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $3.77 as their price target over the next twelve months.
On April 11, 2022, Deutsche Bank recently initiated its ‘Hold’ rating on the stock quoting a target price of $9, while ‘Barclays’ rates the stock as ‘Underweight’.
A total of 78.31% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EVTL stock. A new stake in Vertical Aerospace Ltd. shares was purchased by INVESCO LTD. during the first quarter worth $7,417,000. NOMURA HOLDINGS INC invested $820,000 in shares of EVTL during the first quarter. In the first quarter, BANK OF AMERICA CORP /DE/ acquired a new stake in Vertical Aerospace Ltd. valued at approximately $812,000. GOLDMAN SACHS GROUP INC acquired a new stake in EVTL for approximately $264,000. ERGOTELES LLC purchased a new stake in EVTL valued at around $180,000 in the second quarter. In total, there are 25 active investors with 10.50% ownership of the company’s stock.
A candlestick chart of Vertical Aerospace Ltd. (NYSE: EVTL) showed a price of $3.8000 on Thursday morning. During the past 12 months, Vertical Aerospace Ltd. has had a low of $2.72 and a high of $12.64. The fifty day moving average price for EVTL is $4.3006 and a two-hundred day moving average price translates $5.9886 for the stock.
The latest earnings results from Vertical Aerospace Ltd. (NYSE: EVTL) was released for Jun, 2022.
Vertical Aerospace Ltd.(EVTL) Company Profile
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. It offers VX4, an eVTOL aircraft. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.
