Firefly Aerospace (NASDAQ:FLY) Reaches New 12-Month Low – What’s Next?

Firefly Aerospace, Inc. (NASDAQ:FLY) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $17.69 and last traded at $17.5270, with a volume of 1205294 shares changing hands. The stock had previously closed at $19.42.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Roth Capital lowered their price target on Firefly Aerospace from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Zacks Research raised shares of Firefly Aerospace to a “hold” rating in a research note on Thursday, September 4th. Cantor Fitzgerald started coverage on shares of Firefly Aerospace in a research note on Tuesday, September 2nd. They issued an “overweight” rating and a $65.00 target price on the stock. The Goldman Sachs Group initiated coverage on Firefly Aerospace in a research report on Thursday. They issued a “neutral” rating and a $29.00 price target for the company. Finally, Weiss Ratings began coverage on Firefly Aerospace in a report on Friday, October 31st. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Firefly Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Firefly Aerospace Stock Performance

The business’s fifty day moving average is $29.63.

Firefly Aerospace (NASDAQ:FLY) last issued its earnings results on Wednesday, November 12th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.09. The firm had revenue of $30.78 million during the quarter, compared to analysts’ expectations of $28.93 million. The firm’s revenue for the quarter was up 37.5% compared to the same quarter last year. Firefly Aerospace has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Firefly Aerospace

A number of institutional investors and hedge funds have recently modified their holdings of FLY. BNP Paribas Financial Markets acquired a new stake in Firefly Aerospace in the third quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Firefly Aerospace in the 3rd quarter worth about $55,000. SBI Securities Co. Ltd. acquired a new stake in Firefly Aerospace in the 3rd quarter valued at about $74,000. Sandia Investment Management LP acquired a new position in Firefly Aerospace during the third quarter worth about $147,000. Finally, Armistice Capital LLC acquired a new stake in shares of Firefly Aerospace in the third quarter valued at approximately $201,000.

Firefly Aerospace Company Profile

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.