Firefly Aerospace, Inc. (NASDAQ:FLY) Receives $38.43 Average Price Target from Analysts

Shares of Firefly Aerospace, Inc. (NASDAQ:FLYGet Free Report) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $38.4286.

Several equities research analysts have commented on the stock. The Goldman Sachs Group started coverage on shares of Firefly Aerospace in a research report on Thursday, November 20th. They set a “neutral” rating and a $29.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Morgan Stanley decreased their price target on Firefly Aerospace from $52.00 to $27.00 and set an “equal weight” rating for the company in a research note on Monday, November 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Monday, December 29th. Finally, Roth Capital reissued a “buy” rating on shares of Firefly Aerospace in a research note on Monday, November 24th.

Read Our Latest Analysis on Firefly Aerospace

Firefly Aerospace Stock Performance

NASDAQ FLY opened at $30.11 on Monday. Firefly Aerospace has a 52 week low of $16.00 and a 52 week high of $73.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.20 and a quick ratio of 6.20. The company has a 50 day moving average price of $21.52. The company has a market cap of $4.80 billion and a PE ratio of -4.14.

Firefly Aerospace (NASDAQ:FLYGet Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.09. The business had revenue of $30.78 million during the quarter, compared to analyst estimates of $28.93 million. The company’s revenue was up 37.5% compared to the same quarter last year.

Institutional Investors Weigh In On Firefly Aerospace

A number of institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in Firefly Aerospace during the third quarter worth about $26,000. CIBC Private Wealth Group LLC acquired a new position in shares of Firefly Aerospace during the 3rd quarter worth approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Firefly Aerospace in the 3rd quarter valued at $55,000. SBI Securities Co. Ltd. bought a new stake in Firefly Aerospace in the 3rd quarter valued at $74,000. Finally, Sandia Investment Management LP bought a new position in Firefly Aerospace during the third quarter worth $147,000.

Key Firefly Aerospace News

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

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.

Further Reading

Analyst Recommendations for Firefly Aerospace (NASDAQ:FLY)

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