Eve Holding Inc (NYSE:EVEX) Up 33.33% Over The Past 30 Days: Any Troubles Ahead?

In last trading session, Eve Holding Inc (NYSE:EVEX) saw 0.43 million shares changing hands with its beta currently measuring 0.50. Company’s recent per share price level of $4.28 trading at $0.22 or 5.42% at ring of the bell on the day assigns it a market valuation of $1.27B. That closing price of EVEX’s stock is at a discount of -76.87% from its 52-week high price of $7.57 and is indicating a premium of 45.56% from its 52-week low price of $2.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.4 million shares which gives us an average trading volume of 339.92K if we extend that period to 3-months.

For Eve Holding Inc (EVEX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.18 in the current quarter.

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Eve Holding Inc (NYSE:EVEX) trade information

Upright in the green during last session for gaining 5.42%, in the last five days EVEX remained trading in the green while hitting it’s week-highest on Tuesday, 11/26/24 when the stock touched $4.28 price level, adding 0.93% to its value on the day. Eve Holding Inc’s shares saw a change of -41.53% in year-to-date performance and have moved 30.09% in past 5-day. Eve Holding Inc (NYSE:EVEX) showed a performance of 33.33% in past 30-days. Number of shares sold short was 3.8 million shares which calculate 14.71 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 6.75 to the stock, which implies a rise of 36.59% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 8.5. It follows that stock’s current price would drop -16.82% in reaching the projected high whereas dropping to the targeted low would mean a loss of -16.82% for stock’s current value.

Eve Holding Inc (EVEX) estimates and forecasts

Statistics highlight that Eve Holding Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -13.18% of value to its shares in past 6 months, showing an annual growth rate of -8.70% while that of industry is 12.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

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

Insiders are in possession of 83.06% of company’s total shares while institution are holding 6.19 percent of that, with stock having share float percentage of 36.53%. Investors also watch the number of corporate investors in a company very closely, which is 6.19% institutions for Eve Holding Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at EVEX for having 1.27 million shares of worth $5.13 million. And as of 2024-06-30, it was holding 0.4581 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 0.52 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.1874 of outstanding shares, having a total worth of $2.1 million.

On the other hand, iShares Russell 2000 ETF and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 445.84 shares of worth $1.87 million or 0.15% of the total outstanding shares. The later fund manager was in possession of 393.11 shares on Jun 30, 2024 , making its stake of worth around $1.65 million in the company or a holder of 0.13% of company’s stock.