Firefly Aerospace (NASDAQ:FLY) Trading Up 9.8% – Still a Buy?

Firefly Aerospace, Inc. (NASDAQ:FLY) shares rose 9.8% during mid-day trading on Monday . The company traded as high as $20.18 and last traded at $21.1590. Approximately 487,135 shares traded hands during trading, a decline of 85% from the average daily volume of 3,283,969 shares. The stock had previously closed at $19.27.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley set a $33.00 target price on Firefly Aerospace in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft raised shares of Firefly Aerospace from a “hold” rating to a “buy” rating and lowered their price objective for the company from $40.00 to $30.00 in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Monday, December 29th. Roth Mkm reissued a “buy” rating on shares of Firefly Aerospace in a research note on Monday, November 24th. Finally, KeyCorp assumed coverage on Firefly Aerospace in a report on Thursday, December 18th. They set a “sector weight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.71.

Firefly Aerospace Stock Performance

The firm has a 50 day moving average of $25.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.20 and a current ratio of 6.20. The stock has a market cap of $3.29 billion and a PE ratio of -2.84.

Institutional Trading of Firefly Aerospace

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new position in Firefly Aerospace during the 3rd quarter valued at about $26,000. CIBC Private Wealth Group LLC acquired a new stake in Firefly Aerospace in the third quarter worth about $26,000. California State Teachers Retirement System acquired a new position in shares of Firefly Aerospace during the fourth quarter valued at about $30,000. Russell Investments Group Ltd. acquired a new position in shares of Firefly Aerospace during the fourth quarter valued at about $38,000. Finally, NBC Securities Inc. purchased a new position in shares of Firefly Aerospace in the 4th quarter valued at approximately $38,000.

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.