Stocks of Vertical Aerospace Ltd. (NYSE:EVTL) traded higher last session on Wall Street, up 12.69% to $1.51.
According to the data, Vertical Aerospace Ltd. (NYSE:EVTL) has 3 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $1.46 and a low of $1.18, we find $1.32. Given the previous closing price of $1.34, this indicates a potential downside of -1.49 percent. EVTL stock price is now -8.31% away from the 50-day moving average and -30.41% away from the 200-day moving average. The market capitalization of the company currently stands at $287.01M.
A total of 2 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $1.32 as their price target over the next twelve months.
With the price target of $2, Canaccord Genuity recently initiated with Hold rating for Vertical Aerospace Ltd. (NYSE: EVTL).
A total of 76.43% 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 VIRTU FINANCIAL LLC during the first quarter worth $51,000. GTS SECURITIES LLC invested $42,000 in shares of EVTL during the first quarter. In the first quarter, BARCLAYS PLC acquired a new stake in Vertical Aerospace Ltd. valued at approximately $35,000. D. E. SHAW & CO., INC. acquired a new stake in EVTL for approximately $24,000. JPMORGAN CHASE & CO purchased a new stake in EVTL valued at around $5,000 in the second quarter.
Friday’s opening bell rang with an opening price of $1.3600 for Vertical Aerospace Ltd. (NYSE: EVTL). During the past 12 months, Vertical Aerospace Ltd. has had a low of $1.00 and a high of $11.58. The fifty day moving average price for EVTL is $1.6420 and a two-hundred day moving average price translates $2.1587 for the stock.
The latest earnings results from Vertical Aerospace Ltd. (NYSE: EVTL) was released for Jun, 2023.
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 in the United Kingdom. It offers VX4, an eVTOL aircraft. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.
