Terran Orbital (NYSE:LLAP) Cut to “Neutral” at HC Wainwright

HC Wainwright cut shares of Terran Orbital (NYSE:LLAP) from a buy rating to a neutral rating in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage currently has $0.25 price objective on the stock, down from their prior price objective of $3.00. HC Wainwright also issued estimates for Terran Orbital’s Q3 2024 earnings at ($0.17) EPS, Q4 2024 earnings at ($0.14) EPS, FY2024 earnings at ($0.74) EPS and FY2025 earnings at ($0.61) EPS.

A number of other equities research analysts have also issued reports on the stock. B. Riley cut their price target on shares of Terran Orbital from $1.00 to $0.50 and set a neutral rating on the stock in a report on Tuesday, August 13th. Stifel Nicolaus restated a buy rating and set a $7.00 price target on shares of Terran Orbital in a report on Wednesday, May 15th.

Terran Orbital Price Performance

LLAP stock opened at $0.29 on Monday. Terran Orbital has a 12 month low of $0.23 and a 12 month high of $1.62. The firm has a 50 day simple moving average of $0.71 and a 200 day simple moving average of $0.97. The firm has a market cap of $59.86 million, a PE ratio of -0.37 and a beta of 2.04.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LLAP. Simplicity Wealth LLC acquired a new position in shares of Terran Orbital during the 1st quarter worth $34,000. Quadrature Capital Ltd bought a new stake in shares of Terran Orbital during the 4th quarter worth $36,000. Fifth Lane Capital LP bought a new stake in Terran Orbital in the 1st quarter valued at $80,000. Vontobel Holding Ltd. bought a new stake in Terran Orbital in the 4th quarter valued at $141,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Terran Orbital in the 1st quarter valued at $158,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

About Terran Orbital

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industries in the United States and internationally. The company offers end-to-end satellite solutions. It engages in the integrated design, manufacture, and assembly of satellites; and management, operation, and provision of information from satellites that are on-orbit on behalf of its customers from its in-house mission operations centers and integrated international ground communications network using its proprietary software both on the satellite and throughout its ground infrastructure.