Firefly Aerospace, Inc. (NASDAQ:FLY) Given Consensus Rating of “Moderate Buy” by Brokerages

Firefly Aerospace, Inc. (NASDAQ:FLY) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $36.8182.

A number of research firms have recently weighed in on FLY. B. Riley Financial cut their price target on Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Weiss Ratings raised Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. Jefferies Financial Group set a $35.00 target price on Firefly Aerospace in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $35.00 price target on shares of Firefly Aerospace in a research report on Tuesday, May 5th. Finally, Roth Capital decreased their price target on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th.

Institutional Trading of Firefly Aerospace

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in shares of Firefly Aerospace in the 3rd quarter worth approximately $26,000. CIBC Private Wealth Group LLC bought a new position in Firefly Aerospace during the 3rd quarter valued at $26,000. California State Teachers Retirement System acquired a new position in shares of Firefly Aerospace during the 4th quarter valued at $30,000. NBC Securities Inc. acquired a new position in shares of Firefly Aerospace during the 4th quarter valued at $38,000. Finally, KBC Group NV acquired a new stake in shares of Firefly Aerospace in the first quarter valued at $38,000.

Firefly Aerospace Stock Up 1.9%

FLY stock opened at $27.18 on Tuesday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02. Firefly Aerospace has a fifty-two week low of $16.00 and a fifty-two week high of $62.17. The firm’s 50-day simple moving average is $25.61 and its 200 day simple moving average is $29.42. The stock has a market cap of $4.55 billion and a PE ratio of -9.24.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, beating the consensus estimate of ($0.50) by $0.08. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. The firm had revenue of $117.68 million for the quarter. During the same quarter in the prior year, the business earned ($5.78) earnings per share. The company’s revenue for the quarter was up 659.2% compared to the same quarter last year. As a group, sell-side analysts predict that Firefly Aerospace will post -1.91 EPS for the current year.

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.