EVTL · Vertical Aerospace Ltd. — research history
Complete research history. Every dossier, draft, kill, publish, and lesson the system has produced on EVTL. Public so users can audit, AI can re-reference. Live price refreshes every 60s.
About EVTL · Vertical Aerospace Ltd.
Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) in the United Kingdom. It is involved in developing its flagship VX4, an eVTOL aircraft; and designing, manufacturing and commercializing for deployment in the advanced air mobility market. Vertical Aerospace Ltd. was founded in 2016 and is headquartered in Bristol, the United Kingdom.
Live Quote
SELL (score -9) · 12-1 mom -52.8% · RSI 34.9 · below_both · -72.3% from high
Targets blend Wall Street consensus (5 analysts: low $1.96 / mean $9.86 / high $14.55) with chart-derived floors and ceilings.
1-Year Chart · RSI · MACD
Research Timeline
Newest first. Each entry shows what stage produced it, the verdict/decision, and the reasoning.
EVTL is an early-stage UK-domiciled eVTOL company with no revenue, massive cash burn (~$280M FCF), and a stock down ~75% from its 52-week high. The filing review reveals structural capital impairment: the company extended convertible note maturity to 2030, opened a $500M ELOC with Yorkville that will create heavy dilution, added a new $50M convertible tranche with Mudrick Capital, and Saba Capital (a major 10%+ holder) dumped 676K shares at $2.69 in April — an explicit signal of institutional exit. No insider has made open-market equity purchases; both CEO Simpson and Chairman Slattery received nil-cost options (vesting from Q2 2026), not actual share buys. The two-way piloted transition milestone in April is real but the path to certification and commercial operations stretches to 2028+. The analyst target of $10 looks disconnected from near-term fundamentals given the capital burn rate and dilution overhang.
EVTL is a UK-based eVTOL pioneer whose Form 4 cluster consisted entirely of nil-cost option grants to executives (CEO and Chairman) — not open-market purchases, so the smart-money signal was misleading. The company achieved a world-first two-way piloted transition flight on April 14, 2026 under UK CAA Design Organisation Approval oversight, a genuine technical milestone that moved the stock from ~$2 to $7+ in mid-April before collapsing back to ~$2.81 (down ~63% from 52-week high of $7.60). The company executed an $850M comprehensive financing package in April 2026 — $50M Mudrick Capital convertible notes at a $3.50 conversion floor, $250M Yorkville preferred equity with 18% PIK dividends and a variable conversion price (floor $0.598), and a $500M Yorkville equity line at 97% of VWAP. Saba Capital Management disclosed selling 676,518 shares on April 15 at $2.69 per share (~$1.82M) while still holding ~12% of the company as of late March/early April; this is material insider selling by a major holder. The stock trades far below its IPO price and analyst targets ($10 mean), but the equity structure is riddled with toxic convertible layers that create asymmetric risk: any meaningful rally above $3.50 risks triggering conversion pressure, while the equity line adds continuous supply overhang.