/A%20concept%20image%20of%20a%20flying%20car_%20Image%20by%20Phonlamai%20Photo%20via%20Shutterstock_.jpg)
- Eve Air Mobility (EVEX) set a new 52-week high of $7.57 in morning trading today, July 3.
- The company has a 100% technical “Buy” signal via Barchart.
- Shares have been on a red-hot tear and are up nearly 140% over the past year.
- Eve is benefitting from accelerating interest in eVTOLs, known casually as “flying cars.”
Today’s Featured Stock
Valued at $2.2 billion, Eve (EVEX) is a Florida-based company that is working to develop and commercialize electric vertical takeoff and landing (eVTOL) aircraft, referred to popularly as “flying cars.” Eve Air Mobility is a subsidiary of Embraer (ERJ), the Brazilian aerospace company.
What I’m Watching
I found today’s Chart of the Day by using Barchart’s powerful screening functions. I started by using Barchart’s New Highs & Lows tool (watch more on how to find winners using it here). I then sorted for stocks that have the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. Since the Trend Seeker signaled a buy on May 13, EVEX stock is up 89%.
EVEX price vs. daily moving averages:
Barchart Technical Indicators for EVEX
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
- Eve Air Mobility shares hit a new 52-week high on July 3, touching $7.57 in morning trading.
- Eve has a 100% technical “Buy” signal.
- EVEX has a Weighted Alpha of +133.67.
- The stock has gained 137.2% over the past year.
- Eve Air Mobility has its Trend Seeker “Buy” signal intact.
- EVEX is trading above its 20, 50 and 100-day moving averages.
- The stock has made six new highs and gained 42.8% in the last month.
- Relative Strength Index is at 72.56%.
- The technical support level is $6.80.
Follow the Fundamentals
- Eve Air Mobility has a market capitalization of $2.2 billion.
- Like other eVTOL firms, Eve Air Mobility is a “pre-revenue” company. It reported a net loss of $48.8 million in the first quarter, wider than $25.3 million in the year-ago period.
- Its price-book ratio is 25.76x, significantly higher than the sector median near 3x.
- Analysts expect the company to generate $10.87 million in revenue for 2026, then $200 million in 2027.
- Its loss per share is expected to widen 33% this year to $0.64.
The Bottom Line
Eve Air Mobility stands out with its incredible share price appreciation over the past year, and investors can thank growing Wall Street interest in eVTOL technology for that.
Larger companies in the space like Archer Aviation (ACHR) have commanded intense followings as consumers and investors alike anticipate eVTOLs transforming the “urban air mobility” industry. Essentially, the hope is that companies like Eve will eliminate congested city travel to and from destinations like airports. Companies in the pre-revenue stage like Eve are navigating regulatory approval processes, continuing to develop their aircraft, and working to secure commercial partners.
Eve has already partnered with aviation companies including Blade (BLDE) and SkyWest (SKYW), and in June it announced letters of intent with Future Flight Global, Aerosolutions, and Bluenest for eVTOLs in Costa Rica and Brazil. President Donald Trump’s recently signed executive order supporting eVTOL has also provided a boost to EVEX in recent weeks.
Analysts are bullish on Eve with a “Strong Buy” consensus rating, but their mean price target of $6.40 implies 15% downside potential from here. Analysts may still be playing catch up to the eVTOL rally in 2025, and Eve’s pre-revenue status could also be giving them pause.
Today’s Chart of the Day was written by Sarah Holzmann. Read previous editions of the daily newsletter here.
Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
