The trading price of Vertical Aerospace Ltd (NYSE:EVTL) closed higher on Tuesday, May 27, and closing at $6.16, 14.50% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $15.99 and a 52-week low of $2.76. Over the past month, the stock has gained 59.59% in value.
Vertical Aerospace Ltd, whose market valuation is $521.15 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.31 per share this quarter, however they have predicted annual earnings per share of 3.46 for current year and -1.05 for next year.
On the technical side, indicators suggest EVTL has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned EVTL a recommendation rating is 2. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Vertical Aerospace Ltd (EVTL) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that EVTL’s price is currently 28.39% off the SMA20 and 51.41% off the SMA50. The RSI metric on the 14-day chart is currently showing 71.64, and weekly volatility stands at 9.02%. When measured over the past 30 days, the indicator reaches 5.60%. Vertical Aerospace Ltd (NYSE:EVTL)’s beta value is currently sitting at 1.14, while the Average True Range indicator is currently displaying 0.51. With analysts defining $1.5-$15 as the low and high price targets, we arrive at a consensus price target of $3.25 for the trailing 12-month period. The current price is about 75.65% off the estimated low and -143.51% off the forecast high, based on this estimate. Investors will be thrilled if EVTL’s share price rises to $3.25, which is the median consensus price. At that level, EVTL’s share price would be 47.24% above current price.
To see how Vertical Aerospace Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: EVTL stock’s performance was 14.50% in the latest trading, and -13.34% in the past year.
An evaluation of the daily trading volume of Vertical Aerospace Ltd (NYSE:EVTL) indicates that the 3-month average is 256.90K.
Currently, records show that 84.60 million of the company’s shares remain outstanding. The insiders hold 19.66% of outstanding shares, whereas institutions hold 69.84%. However, since the stock’s price has seen -51.03% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
