Vertical Aerospace (NYSE:EVTL) Stock Price Down 3.9% – Should You Sell?

Shares of Vertical Aerospace Ltd. (NYSE:EVTL) were down 3.9% during trading on Friday . The company traded as low as $4.71 and last traded at $4.73. Approximately 1,284,053 shares changed hands during trading, a decline of 25% from the average daily volume of 1,720,990 shares. The stock had previously closed at $4.92.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vertical Aerospace in a report on Wednesday, January 21st. D. Boral Capital reiterated a “buy” rating and set a $14.00 price target on shares of Vertical Aerospace in a research note on Wednesday, December 3rd. Cantor Fitzgerald reissued an “overweight” rating on shares of Vertical Aerospace in a report on Monday, November 10th. William Blair started coverage on Vertical Aerospace in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $11.00 price target (up previously from $9.00) on shares of Vertical Aerospace in a report on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.80.

Vertical Aerospace Price Performance

The stock has a fifty day moving average of $5.62 and a 200 day moving average of $5.34. The firm has a market capitalization of $472.01 million, a P/E ratio of -0.10 and a beta of 1.21.

Vertical Aerospace (NYSE:EVTL) last announced its earnings results on Tuesday, November 4th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.09). Equities analysts forecast that Vertical Aerospace Ltd. will post -3.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its stake in shares of Vertical Aerospace by 120.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,788 shares of the company’s stock worth $26,000 after purchasing an additional 2,066 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Vertical Aerospace by 144.3% during the third quarter. Jones Financial Companies Lllp now owns 8,211 shares of the company’s stock valued at $45,000 after purchasing an additional 4,850 shares during the period. Quarry LP purchased a new stake in Vertical Aerospace in the third quarter worth $49,000. Oppenheimer & Co. Inc. bought a new stake in shares of Vertical Aerospace in the third quarter valued at $52,000. Finally, Virtu Financial LLC bought a new stake in shares of Vertical Aerospace in the third quarter valued at $53,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

About Vertical Aerospace

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.