Eve Holding Inc (NYSE: EVEX) has experienced a rise in its stock price by 8.02 compared to its previous closing price of 4.49. However, the company has seen a fall of -1.82% in its stock price over the last five trading days. accessnewswire.com reported 2025-01-28 that NEW YORK, NY / ACCESS Newswire / January 28, 2025 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Eve Holding, Inc. (“EVEX” or the “Company”) (NYSE:EVEX) stock purchased prior to May 1, 2022. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of the company, then known as Zanite Acquisition Corp., and whether the Board of EVEX harmed stockholders, and whether all material facts had been properly disclosed to stockholders.
Is It Worth Investing in Eve Holding Inc (NYSE: EVEX) Right Now?
Moreover, the 36-month beta value for EVEX is 0.40. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for EVEX is 50.41M and currently, short sellers hold a 10.71% of that float. On January 29, 2025, EVEX’s average trading volume was 364.53K shares.
EVEX’s Market Performance
EVEX stock saw a decrease of -1.82% in the past week, with a monthly decline of -9.85% and a quarterly a decrease of 42.65%. The volatility ratio for the week is 6.49%, and the volatility levels for the last 30 days are 7.20% for Eve Holding Inc (EVEX). The simple moving average for the past 20 days is -3.16% for EVEX’s stock, with a 22.49% simple moving average for the past 200 days.
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 previous 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 7.81% 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 -29.66% of loss for the given period.
Volatility was left at 7.20%, however, over the last 30 days, the volatility rate increased by 6.49%, as shares sank -13.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.46% upper at present.
During the last 5 trading sessions, EVEX fell by -1.82%, which changed the moving average for the period of 200-days by -7.97% in comparison to the 20-day moving average, which settled at $5.01. In addition, Eve Holding Inc saw -10.85% 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 -0.33. When we switch over and look at the enterprise to sales, we see a ratio of 4933.23. 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 wrap up, the performance of Eve Holding Inc (EVEX) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
