Firefly Aerospace (NASDAQ:FLY) Hits New 12-Month Low – Should You Sell?

Firefly Aerospace, Inc. (NASDAQ:FLY)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $23.20 and last traded at $23.78, with a volume of 981599 shares traded. The stock had previously closed at $24.26.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FLY shares. Morgan Stanley started coverage on shares of Firefly Aerospace in a research report on Tuesday, September 2nd. They issued an “equal weight” rating and a $52.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Firefly Aerospace in a research report on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 price target for the company. Jefferies Financial Group raised shares of Firefly Aerospace to a “strong-buy” rating in a research report on Tuesday, September 2nd. Weiss Ratings assumed coverage on shares of Firefly Aerospace in a research report on Friday. They set a “sell (d-)” rating for the company. Finally, Roth Capital set a $40.00 price target on shares of Firefly Aerospace in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $52.29.

Firefly Aerospace Trading Down 2.0%

The firm has a 50-day moving average price of $35.43.

Firefly Aerospace (NASDAQ:FLY) last posted its earnings results on Monday, September 22nd. The company reported ($5.30) EPS for the quarter, missing the consensus estimate of ($0.42) by ($4.88). The firm had revenue of $15.55 million for the quarter, compared to analysts’ expectations of $15.19 million. Firefly Aerospace has set its FY 2025 guidance at EPS.

Institutional Trading of Firefly Aerospace

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Firefly Aerospace in the third quarter worth approximately $293,000. Canal Insurance CO bought a new stake in shares of Firefly Aerospace in the third quarter worth approximately $293,000. LBP AM SA bought a new stake in shares of Firefly Aerospace in the third quarter worth approximately $1,795,000. Teacher Retirement System of Texas bought a new stake in shares of Firefly Aerospace in the third quarter worth approximately $3,836,000. Finally, Phoenix Financial Ltd. bought a new stake in shares of Firefly Aerospace in the third quarter worth approximately $14,468,000.

About Firefly Aerospace

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.