EVE (NYSE:EVEX) Announces Earnings Results, Beats Expectations By $0.01 EPS

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

EVE Stock Performance

EVEX traded up $0.21 during midday trading on Wednesday, reaching $2.89. The company had a trading volume of 300,662 shares, compared to its average volume of 135,238. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $3.09 and a two-hundred day moving average of $3.74. The company has a market cap of $838.50 million, a P/E ratio of -6.02 and a beta of 0.37. EVE has a 1 year low of $2.33 and a 1 year high of $7.67.

Analyst Ratings Changes

A number of analysts recently commented on EVEX shares. HC Wainwright started coverage on EVE in a research report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price objective on shares of EVE in a research report on Tuesday.

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.