Firefly Aerospace, Inc. (NASDAQ:FLY) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Firefly Aerospace, Inc. (NASDAQ:FLY – Get Free Report) has received an average rating of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $36.58.

A number of research firms recently issued reports on FLY. Weiss Ratings restated a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Tuesday, September 22nd. Roth Capital reduced their price objective on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Jefferies Financial Group set a $35.00 price objective on Firefly Aerospace in a report on Wednesday, August 12th. KeyCorp upgraded shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Monday, June 15th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $35.00 target price on shares of Firefly Aerospace in a research report on Wednesday, August 12th.

Check Out Our Latest Stock Report on FLY

Institutional Trading of Firefly Aerospace

A number of large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of Firefly Aerospace by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 9,511 shares of the company’s stock worth $220,000 after buying an additional 567 shares during the last quarter. Carlson Financial Inc. increased its position in Firefly Aerospace by 8.8% in the 2nd quarter. Carlson Financial Inc. now owns 8,211 shares of the company’s stock valued at $241,000 after acquiring an additional 667 shares during the period. KBC Group NV acquired a new position in Firefly Aerospace in the 1st quarter valued at about $38,000. Avidian Wealth Enterprises LLC raised its stake in Firefly Aerospace by 8.0% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 19,412 shares of the company’s stock valued at $449,000 after acquiring an additional 1,442 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Firefly Aerospace during the 2nd quarter valued at approximately $56,000.

Firefly Aerospace Stock Performance

NASDAQ FLY opened at $20.00 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.73 and a quick ratio of 2.73. Firefly Aerospace has a 1 year low of $16.00 and a 1 year high of $62.17. The company has a market capitalization of $3.35 billion, a PE ratio of -6.80 and a beta of 0.59. The company has a fifty day moving average of $22.94 and a two-hundred day moving average of $29.46.

Firefly Aerospace (NASDAQ:FLY – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%. The business had revenue of $117.68 million for the quarter. During the same quarter last year, the firm posted ($5.78) EPS. The firm’s revenue for the quarter was up 659.2% on a year-over-year basis. As a group, analysts expect that Firefly Aerospace will post -2.31 earnings per share for the current year.

About Firefly Aerospace

(Get Free Report)

Firefly Aerospace, Inc is a space transportation and exploration company headquartered in Cedar Park, Texas. The company develops launch vehicles, lunar landers, spacecraft and related in-space services for government and commercial customers. Its operations support missions ranging from satellite deployment and scientific research to lunar exploration and national security applications.

Firefly’s primary launch vehicle is Alpha, a small- to medium-class orbital rocket designed to carry payloads into low Earth orbit.

Further Reading

Analyst Recommendations for Firefly Aerospace (NASDAQ:FLY)

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