Firefly Aerospace (NASDAQ:FLY) Stock Price Up 3.9% – Time to Buy?

Firefly Aerospace, Inc. (NASDAQ:FLYGet Free Report)’s share price traded up 3.9% on Monday . The company traded as high as $24.75 and last traded at $24.2610. 618,273 shares traded hands during trading, a decline of 71% from the average session volume of 2,117,292 shares. The stock had previously closed at $23.34.

More Firefly Aerospace News

Here are the key news stories impacting Firefly Aerospace this week:

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. KeyCorp started coverage on shares of Firefly Aerospace in a research note on Thursday, December 18th. They set a “sector weight” rating on the stock. Wall Street Zen downgraded shares of Firefly Aerospace from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Cantor Fitzgerald began coverage on Firefly Aerospace in a report on Tuesday, September 2nd. They issued an “overweight” rating and a $65.00 target price for the company. Finally, The Goldman Sachs Group started coverage on Firefly Aerospace in a research report on Thursday, November 20th. They issued a “neutral” rating and a $29.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Firefly Aerospace currently has an average rating of “Moderate Buy” and an average target price of $38.43.

Read Our Latest Report on FLY

Firefly Aerospace Stock Down 3.7%

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 has a market capitalization of $3.62 billion and a PE ratio of -3.12. The firm’s 50 day moving average is $21.52.

Firefly Aerospace (NASDAQ:FLYGet Free Report) last issued its earnings results on Wednesday, November 12th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.09. The firm had revenue of $30.78 million for the quarter, compared to the consensus estimate of $28.93 million. The firm’s revenue was up 37.5% on a year-over-year basis.

Institutional Investors Weigh In On Firefly Aerospace

Several hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new position in Firefly Aerospace during the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC bought a new stake in Firefly Aerospace during the 3rd quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Firefly Aerospace in the 3rd quarter valued at $55,000. SBI Securities Co. Ltd. bought a new position in shares of Firefly Aerospace in the 3rd quarter worth $74,000. Finally, Sandia Investment Management LP bought a new position in shares of Firefly Aerospace in the 3rd quarter worth $147,000.

About Firefly Aerospace

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Firefly Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Firefly Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.