Firefly Aerospace (NASDAQ:FLY) Stock Price Down 5.5% – What’s Next?

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) fell 5.5% during trading on Tuesday . The company traded as low as $28.28 and last traded at $28.7580. 1,188,243 shares were traded during mid-day trading, a decline of 66% from the average session volume of 3,451,064 shares. The stock had previously closed at $30.44.

Trending Headlines about Firefly Aerospace

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

• Positive Sentiment: Company announced an Alpha Block II configuration upgrade to improve reliability, producibility and launch operations; Flight 7 will test Block II subsystems in shadow mode and Flight 8 will carry the full Block II upgrade — a clear execution/technology catalyst if validation goes well. Read More.
• Positive Sentiment: Sector momentum: coverage notes space stocks have rallied into 2026 with Firefly among the leaders, supporting continuation of investor interest and liquidity into the name. Read More.
• Positive Sentiment: Analyst/market commentary: a recent Seeking Alpha piece frames FLY as a speculative “buy” focused on execution, which can attract retail and momentum buyers if the company delivers on Flight 7/8 milestones. Read More.
• Neutral Sentiment: Comparative research pieces contrasting Firefly with Voyager Technologies may influence relative valuation debate but are not standalone catalysts. Read More. Read More.
• Negative Sentiment: Rising short interest: as of Dec. 31 short interest rose to ~4.72M shares (≈36.4% increase from mid‑December), ~3% of shares sold short and a ~1.3 days‑to‑cover — higher shorting raises potential selling pressure and volatility. (Data reported Jan. 12)
• Negative Sentiment: Legal overhang: multiple law firms have filed or are soliciting lead plaintiffs in a securities‑class action tied to Firefly’s IPO and early disclosure period; several reminder filings / deadlines were publicized Jan. 11–12 — this creates litigation risk, potential costs, and near‑term selling by concerned holders. Read More. Read More.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FLY shares. The Goldman Sachs Group started coverage on Firefly Aerospace in a research report on Thursday, November 20th. They set a “neutral” rating and a $29.00 target price on the stock. Roth Capital restated a “buy” rating on shares of Firefly Aerospace in a report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Monday, December 29th. JPMorgan Chase & Co. decreased their price target on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Finally, KeyCorp started coverage on shares of Firefly Aerospace in a report on Thursday, December 18th. They issued a “sector weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Firefly Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.43.

Firefly Aerospace Trading Down 8.4%

The company’s 50-day moving average is $21.65. The stock has a market capitalization of $4.44 billion and a price-to-earnings ratio of -3.83. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.09. The business had revenue of $30.78 million during the quarter, compared to analyst estimates of $28.93 million. The firm’s revenue was up 37.5% compared to the same quarter last year.

Hedge Funds Weigh In On Firefly Aerospace

A number of large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new position in Firefly Aerospace in the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC bought a new stake in shares of Firefly Aerospace in the 3rd quarter worth approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Firefly Aerospace during the 3rd quarter valued at approximately $55,000. SBI Securities Co. Ltd. bought a new position in Firefly Aerospace during the 3rd quarter worth $74,000. Finally, Sandia Investment Management LP acquired a new stake in Firefly Aerospace in the third quarter worth $147,000.

Firefly Aerospace Company Profile

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.