Vertical Aerospace (NYSE:EVTL) Announces Earnings Results

Vertical Aerospace (NYSE:EVTL - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($2.35) EPS for the quarter, missing analysts' consensus estimates of ($0.43) by ($1.92), Zacks reports.Get Vertical Aerospace alerts:Vertical Aerospace Price PerformanceVertical Aerospace Stock Trades at Discount After VX4 MilestoneShares of NYSE EVTL traded down $0.14 during mid-day trading on Tuesday, hitting $6.02. 593,343 shares of the company were exchanged, compared to its average volume of 835,717. The stock has a 50 day simple moving average of $5.95 and a 200-day simple moving average of $4.97. Vertical Aerospace has a 1-year low of $2.76 and a 1-year high of $15.99. Institutional Trading of Vertical AerospaceA hedge fund recently bought a new stake in Vertical Aerospace stock. Goldman Sachs Group Inc. bought a new stake in shares of Vertical Aerospace Ltd. (NYSE:EVTL - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 30,305 shares of the company's stock, valued at approximately $102,000. 81.17% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades3 E-VTOL stocks: Which ones can fly higher in 2024?Several research firms have recently issued reports on EVTL. Canaccord Genuity Group lowered their price target on shares of Vertical Aerospace from $13.50 to $11.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. D. Boral Capital reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Vertical Aerospace in a research note on Tuesday, July 22nd. HC Wainwright reissued a "buy" rating and set a $15.00 price target (up from $12.00) on shares of Vertical Aerospace in a research report on Monday, June 9th. Finally, Needham & Company LLC assumed coverage on shares of Vertical Aerospace in a research note on Thursday, July 17th. They set a "buy" rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $10.83.Check Out Our Latest Report on EVTLVertical Aerospace Company Profile (Get Free Report)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. Vertical Aerospace Ltd.Featured ArticlesFive stocks we like better than Vertical AerospaceProfitably Trade Stocks at 52-Week HighsAmazon Enters Correction Zone: Time to Panic or Be Brave?With Risk Tolerance, One Size Does Not Fit AllWhy Citigroup Analysts See Double-Digit Upside in Coinbase StockHow to Invest in the Best Canadian Stocks Stop Overlooking Qualcomm—Here’s What the Market’s MissingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Vertical Aerospace Right Now?Before you consider Vertical Aerospace, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vertical Aerospace wasn't on the list.While Vertical Aerospace currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here