Streetbeat News

EVTL

Vertical Aerospace Ltd.

Industry

Aerospace & Defense

Vertical Aerospace Ltd. engages in designing, manufacturing, and selling electric aircraft. It offers VX4, an electric vertical take-off and landing vehicle. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.

Open

3.50

Mkt cap

298M

Volume

165K

High

3.60

P/E Ratio

-0.07

52-wk high

15.99

Low

3.47

Div yield

N/A

52-wk low

3.16

Vertical Aerospace has announced a 1:10 reverse share split for its issued and unissued ordinary and preferred shares. This move is likely aimed at increasing the share price and maintaining compliance with stock exchange listing requirements.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 9:01 pm

Canaccord Genuity has reiterated its Buy rating for Vertical Aerospace (NYSE:EVTL) with a maintained price target of $1.5.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:33 pm

Canaccord Genuity maintains a Buy rating on Vertical Aerospace (NYSE:EVTL) but lowers the price target from $1.75 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:48 am

Shares of companies within the broader industrial sector are trading lower amid overall market weakness on US economic concerns. An economic slowdown could impact demand.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:40 pm

Vertical Aerospace announced that its latest VX4 prototype has successfully completed its first tethered piloted flight.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 9:06 am

Vertical Aerospace Ltd (NYSE: EVTL) shares rose after Deutsche Bank upgraded the stock from Hold to Buy and increased the price target from $1.00 to $1.50. The company is targeting a piloted full transition flight by year-end, which could mark an operational inflection point. Despite needing additional capital, the company has a cash runway through 3Q25.

Portfolio Pulse from Priya Nigam

July 23, 2024 | 3:59 pm

Top Wall Street analysts have upgraded their ratings for several companies, including Coinbase Global, Snap Inc., Krispy Kreme, Equinix, and Vertical Aerospace. These upgrades have led to varying stock price movements for each company.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 1:07 pm

Canaccord Genuity analyst Austin Moeller maintains a Buy rating on Vertical Aerospace (NYSE:EVTL) with a $1.5 price target.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:38 am

Deutsche Bank has upgraded Vertical Aerospace (NYSE:EVTL) from Hold to Buy and raised the price target from $1 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:04 am

Vertical Aerospace has unveiled its enhanced VX4 prototype, which is a significant step towards aircraft certification. The prototype incorporates technology from strategic partners and features Vertical's proprietary battery technology. Flight testing will commence once the UK Civil Aviation Authority issues a Permit to Fly.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 5:51 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.