In the past week, EVEX stock has gone up by 37.54%, with a monthly gain of 19.23% and a quarterly surge of 42.40%. The volatility ratio for the week is 9.38%, and the volatility levels for the last 30 days are 7.08% for Eve Holding Inc The simple moving average for the past 20 days is 30.44% for EVEX’s stock, with a -2.03% simple moving average for the past 200 days.
Is It Worth Investing in Eve Holding Inc (NYSE: EVEX) Right Now?
EVEX has 36-month beta value of 0.41. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for EVEX is 49.66M, and currently, short sellers hold a 7.06% ratio of that float. The average trading volume of EVEX on November 26, 2024 was 310.14K shares.
EVEX) stock’s latest price update
The stock of Eve Holding Inc (NYSE: EVEX) has increased by 20.30 when compared to last closing price of 3.35.Despite this, the company has seen a gain of 37.54% in its stock price over the last five trading days. marketwatch.com reported 2024-11-25 that U.S. stocks tend to post “solid” returns during Thanksgiving week, with even stronger gains during presidential election years, according to BofA Global Research.
Analysts’ Opinion of EVEX
Many brokerage firms have already submitted their reports for EVEX stocks, with H.C. Wainwright repeating the rating for EVEX by listing it as a “Buy.” The predicted price for EVEX in the upcoming period, according to H.C. Wainwright is $6 based on the research report published on September 03, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see EVEX reach a price target of $5, previously predicting the price at $7. The rating they have provided for EVEX stocks is “Overweight” according to the report published on August 07th, 2024.
Canaccord Genuity gave a rating of “Buy” to EVEX, setting the target price at $10 in the report published on June 09th of the previous year.
EVEX Trading at 26.62% from the 50-Day Moving Average
After a stumble in the market that brought EVEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.76% of loss for the given period.
Volatility was left at 7.08%, however, over the last 30 days, the volatility rate increased by 9.38%, as shares surge +18.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.91% upper at present.
During the last 5 trading sessions, EVEX rose by +37.54%, which changed the moving average for the period of 200-days by -36.83% in comparison to the 20-day moving average, which settled at $3.09. In addition, Eve Holding Inc saw -44.95% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EVEX
Current profitability levels for the company are sitting at:
- -515.28 for the present operating margin
- 0.31 for the gross margin
The net margin for Eve Holding Inc stands at -453.54. The total capital return value is set at -0.66. Equity return is now at value -74.78, with -49.63 for asset returns.
Based on Eve Holding Inc (EVEX), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at -1.78. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is -73.56.
Currently, EBITDA for the company is -125.74 million with net debt to EBITDA at -0.38. When we switch over and look at the enterprise to sales, we see a ratio of 4144.66. The receivables turnover for the company is 15.87for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.21.
Conclusion
To put it simply, Eve Holding Inc (EVEX) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
