Vertical Aerospace (NYSE:EVTL) Trading Up 5.7%

Vertical Aerospace Ltd. (NYSE:EVTL) traded up 5.7% on Monday . The stock traded as high as $0.79 and last traded at $0.76. 280,180 shares were traded during mid-day trading, a decline of 31% from the average session volume of 404,193 shares. The stock had previously closed at $0.72.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upgraded Vertical Aerospace from a “hold” rating to a “buy” rating and upped their target price for the company from $1.00 to $1.50 in a research report on Tuesday, February 20th.

Vertical Aerospace Stock Down 3.6 %

The firm’s 50-day moving average price is $0.82 and its 200 day moving average price is $0.80.

Vertical Aerospace (NYSE:EVTL) last issued its earnings results on Thursday, March 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. Sell-side analysts predict that Vertical Aerospace Ltd. will post -0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vertical Aerospace

A hedge fund recently bought a new stake in Vertical Aerospace stock. Nomura Holdings Inc. acquired a new position in shares of Vertical Aerospace Ltd. (NYSE:EVTL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 150,000 shares of the company’s stock, valued at approximately $177,000. Nomura Holdings Inc. owned 0.07% of Vertical Aerospace as of its most recent SEC filing. 81.17% of the stock is currently owned by institutional investors.

Vertical Aerospace 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.