Firefly Aerospace (NASDAQ:FLY) Hits New 52-Week Low – Should You Sell?

Firefly Aerospace, Inc. (NASDAQ:FLY) shares hit a new 52-week low during trading on Thursday . The company traded as low as $17.69 and last traded at $17.5270, with a volume of 1205294 shares trading hands. The stock had previously closed at $19.42.

Analysts Set New Price Targets

A number of brokerages have issued reports on FLY. The Goldman Sachs Group assumed coverage on shares of Firefly Aerospace in a research note on Thursday. They set a “neutral” rating and a $29.00 target price for the company. Jefferies Financial Group raised Firefly Aerospace to a “strong-buy” rating in a research report on Tuesday, September 2nd. Cantor Fitzgerald began coverage on Firefly Aerospace in a research note on Tuesday, September 2nd. They set an “overweight” rating and a $65.00 price target for the company. Wall Street Zen cut Firefly Aerospace from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Finally, Roth Capital cut their price objective on shares of Firefly Aerospace from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.29.

Firefly Aerospace Price Performance

The company has a 50-day moving average price of $28.56.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.09. The company had revenue of $30.78 million during the quarter, compared to the consensus estimate of $28.93 million. Firefly Aerospace’s revenue for the quarter was up 37.5% on a year-over-year basis. Firefly Aerospace has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Firefly Aerospace during the third quarter valued at about $26,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Firefly Aerospace during the 3rd quarter valued at approximately $55,000. SBI Securities Co. Ltd. acquired a new stake in Firefly Aerospace in the 3rd quarter valued at approximately $74,000. Sandia Investment Management LP acquired a new position in shares of Firefly Aerospace during the third quarter worth approximately $147,000. Finally, Armistice Capital LLC bought a new stake in shares of Firefly Aerospace in the third quarter valued at approximately $201,000.

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.