Eve Holding Inc (NYSE: EVEX) Fall -35.09% In Six Months, Here’s What We Should Expect Now

During the last session, Eve Holding Inc (NYSE:EVEX)’s traded shares were 0.33 million, with the beta value of the company hitting 0.36. At the end of the trading day, the stock’s price was $3.33, reflecting an intraday gain of 0.91% or $0.03. The 52-week high for the EVEX share is $8.21, that puts it down -146.55 from that peak though still a striking 30.03% gain since the share price plummeted to a 52-week low of $2.33. The company’s market capitalization is $988.14M, and the average intraday trading volume over the past 10 days was 0.29 million shares, and the average trade volume was 259.16K shares over the past three months.

Eve Holding Inc (EVEX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. EVEX has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.14.

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Eve Holding Inc (NYSE:EVEX) trade information

Eve Holding Inc (EVEX) registered a 0.91% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.91% in intraday trading to $3.33, hitting a weekly high. The stock’s 5-day price performance is 0.60%, and it has moved by 18.51% in 30 days. Based on these gigs, the overall price performance for the year is -58.32%. The short interest in Eve Holding Inc (NYSE:EVEX) is 4.24 million shares and it means that shorts have 9.61 day(s) to cover.

The consensus price target of analysts on Wall Street is $6.75, which implies an increase of 50.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $8.5 respectively. As a result, EVEX is trading at a discount of -155.26% off the target high and -50.15% off the low.

Eve Holding Inc (EVEX) estimates and forecasts

Statistics show that Eve Holding Inc has underperformed its competitors in share price, compared to the industry in which it operates. Eve Holding Inc (EVEX) shares have gone down -35.09% during the last six months, with a year-to-date growth rate less than the industry average at -6.52% against 11.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -27.30% this quarter and then drop -7.10% in the quarter after that.

While earnings are projected to return 4.66% in 2024.

EVEX Dividends

Eve Holding Inc is due to release its next quarterly earnings on 2024-Nov-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Eve Holding Inc (NYSE:EVEX)’s Major holders

Eve Holding Inc insiders own 85.21% of total outstanding shares while institutional holders control 4.54%, with the float percentage being 30.65%. BLACKROCK INC. is the largest shareholder of the company, while 75.0 institutions own stock in it. As of 2024-06-30, the company held over 1.27 million shares (or 0.4581% of all shares), a total value of $5.13 million in shares.

The next largest institutional holding, with 0.52 million shares, is of VANGUARD GROUP INC’s that is approximately 0.1874% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.1 million.