Firefly Aerospace (NASDAQ:FLY) Hits New 12-Month Low – Time to Sell?

Firefly Aerospace, Inc. (NASDAQ:FLY) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $25.50 and last traded at $26.24, with a volume of 1853774 shares changing hands. The stock had previously closed at $28.18.

Analyst Ratings Changes

Several brokerages have recently commented on FLY. Jefferies Financial Group upgraded Firefly Aerospace to a “strong-buy” rating in a report on Tuesday, September 2nd. Wall Street Zen lowered Firefly Aerospace from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Roth Capital set a $40.00 target price on Firefly Aerospace in a research note on Tuesday, September 30th. Morgan Stanley started coverage on Firefly Aerospace in a research note on Tuesday, September 2nd. They issued an “equal weight” rating and a $52.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on Firefly Aerospace in a research note on Tuesday, September 2nd. They issued an “overweight” rating and a $55.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Firefly Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $52.29.

Firefly Aerospace Stock Down 6.9%

The firm’s 50 day moving average price is $38.42.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings data on Monday, September 22nd. The company reported ($5.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($4.88). The business had revenue of $15.55 million during the quarter, compared to analyst estimates of $15.19 million. Firefly Aerospace has set its FY 2025 guidance at EPS.

Firefly Aerospace Company Profile

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.