Firefly Aerospace, Inc. (NASDAQ:FLY – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $34.50.
A number of research firms recently commented on FLY. Roth Capital reduced their price target on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Jefferies Financial Group set a $35.00 price target on shares of Firefly Aerospace in a research report on Wednesday, August 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 target price on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Wall Street Zen downgraded Firefly Aerospace from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Finally, KeyCorp lowered their price objective on shares of Firefly Aerospace from $50.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday.
View Our Latest Report on Firefly Aerospace
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV purchased a new position in shares of Firefly Aerospace in the first quarter worth about $38,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Firefly Aerospace during the 2nd quarter valued at $56,000. Sterling Capital Management LLC boosted its holdings in shares of Firefly Aerospace by 848.9% in the 3rd quarter. Sterling Capital Management LLC now owns 2,657 shares of the company’s stock worth $62,000 after purchasing an additional 2,377 shares in the last quarter. Parallel Advisors LLC grew its position in Firefly Aerospace by 398.0% during the first quarter. Parallel Advisors LLC now owns 2,953 shares of the company’s stock valued at $84,000 after acquiring an additional 2,360 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new position in shares of Firefly Aerospace during the 2nd quarter valued at $103,000.
Firefly Aerospace Stock Down 11.5%
NASDAQ FLY opened at $15.18 on Friday. Firefly Aerospace has a 52 week low of $14.44 and a 52 week high of $62.17. The stock has a fifty day moving average of $20.34 and a 200-day moving average of $26.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.73 and a current ratio of 2.73. The stock has a market capitalization of $2.54 billion, a P/E ratio of -5.16 and a beta of 0.84.
Firefly Aerospace (NASDAQ:FLY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.08. The business had revenue of $117.68 million for the quarter. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. The business’s revenue was up 659.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($5.78) earnings per share. On average, equities research analysts forecast that Firefly Aerospace will post -2.31 EPS for the current year.
About Firefly Aerospace
Firefly Aerospace, Inc is a space transportation and technology company that develops launch vehicles, lunar landers and in-space mobility systems for government and commercial customers. Based in Cedar Park, Texas, the company supports missions across the launch, lunar and orbital services markets.
Firefly’s principal products include the Alpha small-to-medium-lift launch vehicle, which is designed to place satellites and other payloads into low Earth orbit; Blue Ghost lunar landers, developed to deliver scientific and commercial payloads to the Moon; and Elytra spacecraft, intended to provide in-space transportation and mission services.
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