Merlin, Inc. Common Stock (NASDAQ:MRLN) Research Coverage Started at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a research report report published on Friday morning, MarketBeat.com reports. The firm issued a buy rating and a $7.50 price objective on the stock.

Several other equities analysts have also recently issued reports on MRLN. TD Cowen dropped their price target on Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Weiss Ratings upgraded Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. Northland Securities started coverage on Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 target price on the stock. Cantor Fitzgerald cut their price target on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, August 14th. Finally, Maxim Group began coverage on shares of Merlin, Inc. Common Stock in a report on Friday, September 18th. They set a “buy” rating and a $7.00 price target for the company. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Merlin, Inc. Common Stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.42.

Merlin, Inc. Common Stock Stock Performance

Shares of NASDAQ:MRLN opened at $1.99 on Friday. The firm has a market cap of $201.13 million, a PE ratio of -1.34 and a beta of 1.78. The stock’s fifty day simple moving average is $3.29. Merlin, Inc. Common Stock has a 1-year low of $1.70 and a 1-year high of $17.00.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($1.12). The business had revenue of $2.19 million for the quarter. Analysts anticipate that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current fiscal year.

Merlin, Inc. Common Stock Company Profile

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.