Vertical Aerospace (NYSE:EVTL) Trading 1.3% Higher - Here's What Happened

Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report)'s share price rose 1.3% during mid-day trading on Friday . The stock traded as high as $6.70 and last traded at $6.5850. Approximately 1,892,978 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 2,073,129 shares. The stock had previously closed at $6.50.Get Vertical Aerospace alerts:Wall Street Analysts Forecast GrowthFlying Cars and Rising Bars: The 2026 eVTOL Breakout BeginsA number of research analysts recently weighed in on EVTL shares. Canaccord Genuity Group restated a "buy" rating and set a $11.00 price objective on shares of Vertical Aerospace in a research report on Monday, September 22nd. William Blair initiated coverage on shares of Vertical Aerospace in a research report on Wednesday. They issued an "outperform" rating for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Vertical Aerospace in a research note on Wednesday, October 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price objective (up previously from $9.00) on shares of Vertical Aerospace in a research note on Monday, December 15th. Finally, HC Wainwright restated a "buy" rating and set a $15.00 target price on shares of Vertical Aerospace in a research report on Thursday, September 18th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Vertical Aerospace currently has a consensus rating of "Moderate Buy" and an average target price of $11.80.Read Our Latest Research Report on Vertical AerospaceVertical Aerospace Stock PerformanceMarketBeat Week in Review – 12/22 - 12/26The company has a fifty day moving average of $5.12 and a two-hundred day moving average of $5.37. The company has a market cap of $657.10 million, a PE ratio of -0.13 and a beta of 1.21. Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.09). On average, equities analysts forecast that Vertical Aerospace Ltd. will post -3.95 EPS for the current year. Institutional Investors Weigh In On Vertical AerospaceVertical Aerospace Traded a Delay for a Major AdvantageHedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new stake in Vertical Aerospace in the 1st quarter valued at about $102,000. Rathbones Group PLC purchased a new stake in Vertical Aerospace in the 2nd quarter valued at about $356,000. SBI Securities Co. Ltd. lifted its holdings in shares of Vertical Aerospace by 120.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company's stock worth $26,000 after acquiring an additional 2,066 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Vertical Aerospace in the second quarter valued at $91,000. Finally, Marshall Wace LLP increased its stake in Vertical Aerospace by 398.9% during the second quarter. Marshall Wace LLP now owns 788,895 shares of the company's stock worth $5,341,000 after purchasing an additional 630,778 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock. Vertical Aerospace Company Profile (Get Free Report)Vertical Aerospace is a United Kingdom–based aerospace manufacturer specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded in 2016 by entrepreneur Stephen Fitzpatrick, the company is publicly listed on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace's mission is to deliver zero-emission, high-speed electric aircraft designed to transform short-haul journeys in densely populated areas. The company's flagship model, the VA-X4, is a piloted, five-seat eVTOL craft engineered for quiet operation, low running costs and minimal environmental impact.Further ReadingFive stocks we like better than Vertical AerospaceElon Taking SpaceX Public! $100 Pre-IPO Opportunity!Do not delete, read immediatelyTicker Revealed: Pre-IPO Access to "Next Elon Musk" CompanyBest $19 you’ll spend this year.First Time Since 2007: All Warnings ActiveThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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