Firefly Aerospace, Inc. (NASDAQ:FLY) Receives Average Rating of “Moderate Buy” from Brokerages

Firefly Aerospace, Inc. (NASDAQ:FLYGet Free Report) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $38.4286.

FLY has been the topic of several research reports. Roth Capital reiterated a “buy” rating on shares of Firefly Aerospace in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft raised shares of Firefly Aerospace from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $40.00 to $30.00 in a report on Thursday, November 13th. The Goldman Sachs Group assumed coverage on Firefly Aerospace in a research note on Thursday, November 20th. They set a “neutral” rating and a $29.00 price target for the company. Morgan Stanley decreased their price target on shares of Firefly Aerospace from $52.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Monday, November 17th. Finally, KeyCorp started coverage on shares of Firefly Aerospace in a report on Thursday, December 18th. They issued a “sector weight” rating for the company.

Get Our Latest Analysis on Firefly Aerospace

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new stake in shares of Firefly Aerospace during the third quarter worth $26,000. CIBC Private Wealth Group LLC bought a new stake in Firefly Aerospace during the 3rd quarter valued at approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Firefly Aerospace in the third quarter valued at approximately $55,000. SBI Securities Co. Ltd. acquired a new stake in Firefly Aerospace in the 3rd quarter worth $74,000. Finally, Sandia Investment Management LP bought a new position in Firefly Aerospace during the third quarter valued at about $147,000.

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Firefly Aerospace Stock Performance

FLY opened at $30.11 on Monday. The business’s 50 day simple moving average is $21.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.20 and a current ratio of 6.20. Firefly Aerospace has a 1 year low of $16.00 and a 1 year high of $73.80. The firm has a market cap of $4.80 billion and a P/E ratio of -4.14.

Firefly Aerospace (NASDAQ:FLYGet Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.09. The firm had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $28.93 million. The firm’s revenue for the quarter was up 37.5% on a year-over-year basis.

About Firefly Aerospace

(Get Free Report)

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.

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Analyst Recommendations for Firefly Aerospace (NASDAQ:FLY)

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