Firefly Aerospace, Inc. (NASDAQ:FLY) Receives $33.25 Average Target Price from Brokerages

Firefly Aerospace, Inc. (NASDAQ:FLY) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $37.00.

Several equities analysts have weighed in on FLY shares. Weiss Ratings restated a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Monday, December 29th. Morgan Stanley restated a “positive” rating on shares of Firefly Aerospace in a research note on Thursday, March 12th. UBS Group set a $33.00 price objective on Firefly Aerospace in a research note on Thursday, March 12th. The Goldman Sachs Group raised their price objective on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Finally, Roth Mkm raised their price objective on Firefly Aerospace from $35.00 to $60.00 and gave the company a “buy” rating in a research note on Friday.

Institutional Investors Weigh In On Firefly Aerospace

Hedge funds have recently made changes to their positions in the business. WCM Investment Management LLC bought a new stake in shares of Firefly Aerospace during the 3rd quarter worth $19,386,000. TD Asset Management Inc bought a new stake in shares of Firefly Aerospace during the 3rd quarter worth $4,353,000. Liontrust Investment Partners LLP bought a new stake in shares of Firefly Aerospace during the 3rd quarter worth $1,790,000. Hudson Bay Capital Management LP bought a new stake in shares of Firefly Aerospace during the 3rd quarter worth $50,711,000. Finally, Phoenix Financial Ltd. bought a new stake in shares of Firefly Aerospace during the 3rd quarter worth $14,468,000.

Firefly Aerospace Stock Performance

NASDAQ FLY opened at $43.72 on Wednesday. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $25.96 and a 200 day simple moving average of $24.97. Firefly Aerospace has a 12-month low of $16.00 and a 12-month high of $73.80. The company has a market cap of $6.99 billion and a P/E ratio of -4.76.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.10. Firefly Aerospace had a negative return on equity of 234.80% and a negative net margin of 186.63%.The business had revenue of $57.67 million for the quarter. The business’s revenue was up 541.1% on a year-over-year basis.

Firefly Aerospace Company Profile

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.