Eve Holding Inc (EVEX) Shares on the Rise: Short-term Analysis

Eve Holding Inc [EVEX] stock prices are up 4.89% to $4.29 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EVEX shares have gain 5.67% over the last week, with a monthly amount glided 60.07%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Eve Holding Inc [NYSE: EVEX] stock has seen the most recent analyst activity on September 03, 2024, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $6. Previously, Cantor Fitzgerald upgraded its rating to Overweight on August 07, 2024, and dropped its price target to $5. On June 09, 2023, Canaccord Genuity initiated with a Buy rating and assigned a price target of $10 on the stock. TD Cowen started tracking the stock assigning a Market Perform rating. JP Morgan initiated its recommendation with a Overweight and recommended $8 as its price target on March 01, 2023. Cantor Fitzgerald started tracking with a Neutral rating for this stock on February 16, 2023, and assigned it a price target of $7. In a note dated July 27, 2022, Raymond James initiated an Mkt Perform rating.

The stock price of Eve Holding Inc [EVEX] has been fluctuating between $2.33 and $7.57 over the past year. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Eve Holding Inc [NYSE: EVEX] shares were valued at $4.29 at the most recent close of the market. An investor can expect a potential return of 39.86% based on the average EVEX price forecast.

Analyzing the EVEX fundamentals

Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -515.28%, Pretax Profit Margin comes in at -448.78%, and Net Profit Margin reading is -453.54%. To continue investigating profitability, this company’s Return on Assets is posted at -0.47, Equity is -0.95 and Total Capital is -0.66. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.42.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.05 points at the first support level, and at 3.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.54, and for the 2nd resistance point, it is at 4.78.

Ratios To Look Out For

It’s worth pointing out that Eve Holding Inc [NYSE:EVEX]’s Current Ratio is 5.21. As well, the Quick Ratio is 5.21, while the Cash Ratio is 0.45.

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