Firefly Aerospace, Inc. (NASDAQ:FLY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Firefly Aerospace, Inc. (NASDAQ:FLY) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $36.58.

A number of research analysts have weighed in on FLY shares. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 target price on shares of Firefly Aerospace in a research report on Wednesday, August 12th. Wall Street Zen downgraded Firefly Aerospace from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Roth Capital dropped their price objective on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Tuesday, September 22nd. Finally, Jefferies Financial Group set a $35.00 price objective on Firefly Aerospace in a research report on Wednesday, August 12th.

Firefly Aerospace Price Performance

Shares of Firefly Aerospace stock opened at $18.34 on Wednesday. The firm has a fifty day simple moving average of $22.79 and a 200-day simple moving average of $29.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.73 and a current ratio of 2.73. Firefly Aerospace has a 1-year low of $16.00 and a 1-year high of $62.17.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings data 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. The business had revenue of $117.68 million during the quarter. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. Firefly Aerospace’s quarterly revenue was up 659.2% on a year-over-year basis. During the same period in the prior year, the company posted ($5.78) earnings per share. As a group, research analysts expect that Firefly Aerospace will post -2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FLY. Farther Finance Advisors LLC lifted its holdings in shares of Firefly Aerospace by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 9,511 shares of the company’s stock worth $220,000 after buying an additional 567 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake in shares of Firefly Aerospace by 8.0% in the third quarter. Avidian Wealth Enterprises LLC now owns 19,412 shares of the company’s stock worth $449,000 after acquiring an additional 1,442 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Firefly Aerospace in the second quarter worth $63,714,000. Integrated Wealth Concepts LLC bought a new position in Firefly Aerospace during the second quarter worth $56,000. Finally, Arizona State Retirement System increased its position in Firefly Aerospace by 76.7% during the second quarter. Arizona State Retirement System now owns 15,462 shares of the company’s stock worth $455,000 after acquiring an additional 6,714 shares during the period.

About Firefly Aerospace

Firefly Aerospace, Inc is a space transportation and exploration company headquartered in Cedar Park, Texas. The company develops launch vehicles, lunar landers, spacecraft and related in-space services for government and commercial customers. Its operations support missions ranging from satellite deployment and scientific research to lunar exploration and national security applications.

Firefly’s primary launch vehicle is Alpha, a small- to medium-class orbital rocket designed to carry payloads into low Earth orbit.