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

Firefly Aerospace, Inc. (NASDAQ:FLY) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $36.8182.

A number of brokerages have issued reports on FLY. Wells Fargo & Company assumed coverage on shares of Firefly Aerospace in a research note on Monday, July 27th. They set an “equal weight” rating and a $25.00 price target on the stock. Jefferies Financial Group set a $35.00 price objective on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of Firefly Aerospace from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. B. Riley Financial cut their target price on shares of Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, KeyCorp raised shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price target for the company in a research report on Monday, June 15th.

Firefly Aerospace Trading Up 1.1%

Shares of NASDAQ FLY opened at $21.13 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $3.54 billion and a PE ratio of -7.19. Firefly Aerospace has a twelve month low of $16.00 and a twelve month high of $62.17. The stock has a fifty day simple moving average of $22.67 and a 200-day simple moving average of $29.33.

Firefly Aerospace (NASDAQ:FLY) last posted its earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The firm had revenue of $117.68 million for the quarter. During the same period in the previous year, the company posted ($5.78) EPS. Firefly Aerospace’s revenue was up 659.2% on a year-over-year basis. On average, equities analysts forecast that Firefly Aerospace will post -1.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLY. Carlson Financial Inc. grew its stake in Firefly Aerospace by 8.8% during the 2nd quarter. Carlson Financial Inc. now owns 8,211 shares of the company’s stock worth $241,000 after purchasing an additional 667 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Firefly Aerospace in the 3rd quarter valued at about $26,000. CIBC Private Wealth Group LLC acquired a new position in shares of Firefly Aerospace during the third quarter worth about $26,000. KBC Group NV acquired a new position in shares of Firefly Aerospace during the first quarter worth about $38,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Firefly Aerospace during the fourth quarter worth approximately $30,000.

About Firefly Aerospace

Firefly Aerospace, Inc is a space transportation company that develops launch vehicles, lunar landers and spacecraft designed to support commercial, civil and national-security missions. The company provides end-to-end space services, including payload delivery, lunar surface operations and in-space transportation.

Its principal products include the Alpha rocket, a small-to-medium lift launch vehicle designed to place satellites and other payloads into orbit; the Blue Ghost lunar lander, developed to deliver scientific and commercial payloads to the Moon; and Elytra, an orbital vehicle intended to provide in-space transportation and mission services.