Firefly Aerospace Target of Unusually High Options Trading (NASDAQ:FLY)

Firefly Aerospace, Inc. (NASDAQ:FLY) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 39,597 call options on the company. This is an increase of 515% compared to the typical daily volume of 6,435 call options.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FLY shares. JPMorgan Chase & Co. reduced their price objective on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. The Goldman Sachs Group lifted their target price on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. KeyCorp started coverage on Firefly Aerospace in a research note on Thursday, December 18th. They issued a “sector weight” rating for the company. Morgan Stanley set a $33.00 price objective on Firefly Aerospace in a research note on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised 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 research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Firefly Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $39.71.

Hedge Funds Weigh In On Firefly Aerospace

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new stake in Firefly Aerospace in the 3rd quarter valued at about $26,000. CIBC Private Wealth Group LLC bought a new position in shares of Firefly Aerospace in the 3rd quarter worth $26,000. California State Teachers Retirement System acquired a new stake in Firefly Aerospace in the 4th quarter valued at $30,000. NBC Securities Inc. acquired a new position in Firefly Aerospace during the fourth quarter worth $38,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Firefly Aerospace in the fourth quarter valued at $38,000.

Firefly Aerospace Price Performance

Shares of Firefly Aerospace stock opened at $20.38 on Wednesday. The company has a market cap of $3.25 billion and a price-to-earnings ratio of -2.80. Firefly Aerospace has a one year low of $16.00 and a one year high of $73.80. 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 company’s 50-day simple moving average is $25.22.

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.