Simplex Trading LLC recently announced the acquisition of new stake in Eve Holding Inc. (NYSE:EVEX). This fresh investment now brings its stake to 0.02% valued currently at $0.46 million. In addition, Lumyna Investments Ltd. raised its holdings by 55059.0 to 55059.0 shares.
With over 0.15 million Eve Holding Inc. (EVEX) shares trading Monday and a closing price of $6.69 on the day, the dollar volume was approximately $1.02 million. The shares have shown a negative half year performance of -19.49% and its price on 01/23/23 lost nearly -8.85%. Currently, there are 266.37M common shares owned by the public and among those 19.65M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for EVEX have a consensus price objective of $11.75. The analysts have set the share’s price value over the next 12 months at a high of $13.50 and a low of $10.00. The average price target is 43.06% above its recent price level and an upside to the estimated low will see the stock gain 33.1% over that period. But an upside of 50.44% will see the stock hit the forecast high price target while median target price for the stock is $11.75.
Insiders at the company have transacted a total of 9 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 7,950,000 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 7,550,000 shares.
The top 3 mutual fund holders in Eve Holding Inc. are Lumyna – MW TOPS UCITS Fund, Lumyna – MW Systematic Alpha UCIT, and TOPS Market Neutral UCITS FUND. Lumyna – MW TOPS UCITS Fund owns 27225.0 shares of the company’s stock, all valued at over $0.2 million. The company bought an additional 27225.0 shares recently to bring their total holdings to about 0.01% of the shares outstanding. TOPS Market Neutral UCITS FUND bought 11573.0 shares to bring its total holdings to over 11573.0 shares at a value of $83326.0. TOPS Market Neutral UCITS FUND now owns shares totaling to 0.00% of the shares outstanding.
Shares of Eve Holding Inc. (NYSE: EVEX) opened at $6.99, down -$0.35 from a prior closing price of $7.34. However, the script later moved the day high at 7.22, down -8.85%. The company’s stock has a 5-day price change of -14.78% and -25.91% over the past three months. EVEX shares are trading -7.08% year to date (YTD), with the 12-month market performance down to -34.28% lower. It has a 12-month low price of $5.30 and touched a high of $13.34 over the same period. EVEX has an average intraday trading volume of 23.85K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.39%, -17.97%, and -20.58% respectively.
Institutional ownership of Eve Holding Inc. (NYSE: EVEX) shares accounts for 0.80% of the company’s 266.37M shares outstanding. Mutual fund holders own 0.02%, while other institutional holders and individual stakeholders account for 0.07% and — respectively.
It has a market capitalization of $1.76B. The earnings-per-share (ttm) stands at -$0.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.05% over the week and 7.12% over the month.
Analysts forecast that Eve Holding Inc. (EVEX) will achieve an EPS of -$0.08 for the current quarter, -$0.09 for the next quarter and -$0.33 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.09 while analysts give the company a high EPS estimate of -$0.07. Earnings per share for the fiscal year are expected to decrease by -64.80%, and 7.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Eve Holding Inc. (EVEX) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 2 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Jefferies coverage for the Eve Holding Inc. (EVEX) stock in a research note released on July 15, 2022 offered a Buy rating with a price target of $7.30.