Firefly Aerospace (NASDAQ:FLY) Trading Up 7.8% – Here’s What Happened

Firefly Aerospace, Inc. (NASDAQ:FLY)’s share price was up 7.8% during mid-day trading on Wednesday . The stock traded as high as $28.43 and last traded at $28.5050. Approximately 1,408,347 shares traded hands during trading, a decline of 58% from the average daily volume of 3,348,338 shares. The stock had previously closed at $26.45.

Key Headlines Impacting Firefly Aerospace

Here are the key news stories impacting Firefly Aerospace this week:

• Neutral Sentiment: Independent analysis comparing Firefly to peers provides context but no direct catalyst; useful for relative valuation and risk assessment. Critical Analysis: Firefly Aerospace (NASDAQ:FLY) vs. Voyager Technologies (NYSE:VOYG)
• Negative Sentiment: Multiple law firms have filed or announced securities class actions and are soliciting Firefly investors to join as lead plaintiffs — a sign of coordinated litigation risk that could lead to costly defenses, potential settlements, and management distraction. Firefly Aerospace Inc. Sued for Securities Law Violations – Levi & Korsinsky
• Negative Sentiment: Several firms (Kessler Topaz, Gross Law, Bragar Eagel & Squire, Faruqi & Faruqi, Bronstein Gewirtz & Grossman, Bernstein Liebhard, Kessler Topaz) are issuing notices with an expedited lead‑plaintiff deadline (Jan 12, 2026) tied to Firefly’s August 7, 2025 IPO and a class period through Sept 29, 2025 — this narrows near-term legal timelines and increases headline risk. Kessler Topaz reminder on filing deadline
• Negative Sentiment: Media reports highlight that Firefly is now in federal court over stock‑price related claims, which could amplify investor concern and trading volatility as litigation details emerge. Firefly’s stock-price troubles land the Texas spaceflight company in federal court (MSN)

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Firefly Aerospace from a “hold” rating to a “buy” rating and decreased their target price for the company from $40.00 to $30.00 in a report on Thursday, November 13th. Roth Capital reiterated a “buy” rating on shares of Firefly Aerospace in a report on Monday, November 24th. KeyCorp began coverage on Firefly Aerospace in a research report on Thursday, December 18th. They issued a “sector weight” rating for the company. The Goldman Sachs Group started coverage on Firefly Aerospace in a research report on Thursday, November 20th. They issued a “neutral” rating and a $29.00 target price on the stock. Finally, Morgan Stanley lowered their price target on Firefly Aerospace from $52.00 to $27.00 and set an “equal weight” rating for the company in a report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Firefly Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $38.43.

Firefly Aerospace Trading Up 7.6%

The company has a market cap of $4.80 billion and a P/E ratio of -4.14. The company has a current ratio of 6.20, a quick ratio of 6.20 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $21.40.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.33) 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 analyst estimates of $28.93 million. The company’s revenue was up 37.5% on a year-over-year basis.

Hedge Funds Weigh In On Firefly Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLY. HUB Investment Partners LLC purchased a new position in shares of Firefly Aerospace during the third quarter worth about $206,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Firefly Aerospace during the third quarter worth approximately $633,000. TD Asset Management Inc purchased a new stake in Firefly Aerospace in the third quarter valued at approximately $4,353,000. AE Industrial Partners LP purchased a new stake in Firefly Aerospace in the third quarter valued at approximately $1,063,863,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Firefly Aerospace during the third quarter worth approximately $19,471,000.

About Firefly Aerospace

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.