Firefly Aerospace, Inc. (NASDAQ:FLY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Firefly Aerospace, Inc. (NASDAQ:FLY) has earned an average rating of “Moderate Buy” from the twelve analysts that are 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 issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $36.8182.

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $35.00 price objective on shares of Firefly Aerospace in a research note on Tuesday, May 5th. Jefferies Financial Group set a $35.00 target price on Firefly Aerospace in a report on Wednesday, August 12th. The Goldman Sachs Group boosted their price target on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Finally, B. Riley Financial dropped their price target on Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FLY. BNP Paribas Financial Markets acquired a new stake in Firefly Aerospace during the third quarter worth about $26,000. CIBC Private Wealth Group LLC acquired a new position in Firefly Aerospace in the third quarter valued at approximately $26,000. KBC Group NV bought a new position in shares of Firefly Aerospace during the first quarter valued at approximately $38,000. California State Teachers Retirement System acquired a new stake in shares of Firefly Aerospace during the 4th quarter worth approximately $30,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Firefly Aerospace in the 4th quarter worth approximately $38,000.

Firefly Aerospace Stock Up 1.9%

FLY stock opened at $27.18 on Tuesday. The company has a market capitalization of $4.55 billion and a P/E ratio of -9.24. The firm has a 50 day simple moving average of $25.61 and a 200-day simple moving average of $29.42. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.02. Firefly Aerospace has a twelve month low of $16.00 and a twelve month high of $62.17.

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