York Space Systems (NYSE:YSS) Sets New 52-Week Low – Should You Sell?

York Space Systems Inc. (NYSE:YSS) shares reached a new 52-week low during trading on Thursday. The company traded as low as $5.50 and last traded at $5.5080, with a volume of 327,571 shares trading hands. The stock had previously closed at $6.09.

Wall Street Analyst Weigh In

Several research analysts have weighed in on YSS shares. Wells Fargo & Company reduced their target price on York Space Systems from $35.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, August 31st. Robert W. Baird set a $16.00 price target on York Space Systems in a report on Monday, August 17th. Raymond James Financial downgraded York Space Systems from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $14.00 price target on York Space Systems in a research report on Tuesday, August 25th. Finally, Truist Financial cut their price objective on York Space Systems from $26.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.35.

York Space Systems Stock Performance

The stock has a market capitalization of $753.56 million and a price-to-earnings ratio of -9.30. The company has a current ratio of 5.34, a quick ratio of 5.05 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average is $7.75 and its two-hundred day moving average is $19.98.

York Space Systems (NYSE:YSS) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.12). The business had revenue of $92.55 million during the quarter. Analysts expect that York Space Systems Inc. will post -1.75 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Blackrock Portfolio Management sold 200,170 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $10.99, for a total transaction of $2,199,868.30. Following the completion of the transaction, the insider directly owned 16,517,115 shares in the company, valued at approximately $181,523,093.85. This trade represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On York Space Systems

Several institutional investors have recently bought and sold shares of YSS. BlackRock Inc. boosted its position in York Space Systems by 1.1% during the 2nd quarter. BlackRock Inc. now owns 19,212,689 shares of the company’s stock worth $473,016,000 after acquiring an additional 200,250 shares during the last quarter. 71 West Capital Partners acquired a new stake in shares of York Space Systems in the third quarter valued at approximately $44,764,000. Tidal Investments LLC bought a new stake in shares of York Space Systems in the second quarter worth $45,381,000. Bank of America Corp DE lifted its position in shares of York Space Systems by 234.2% in the second quarter. Bank of America Corp DE now owns 370,425 shares of the company’s stock worth $9,120,000 after purchasing an additional 259,577 shares in the last quarter. Finally, Nissay Asset Management Corp Japan acquired a new position in York Space Systems during the second quarter worth $8,497,000.

York Space Systems Company Profile

York Space Systems is a space technology company that designs, manufactures and operates spacecraft and satellite systems. Its business focuses on providing standardized, scalable satellite platforms that can support communications, remote sensing, scientific missions and national security applications.

The company’s product portfolio includes modular satellite buses, integrated spacecraft and mission systems, as well as related engineering, manufacturing and operational services. York’s platforms are designed to accommodate different payloads and mission requirements, allowing customers to deploy constellations and other space-based capabilities more efficiently.

Founded in 2015, York Space Systems serves government and commercial customers and has developed spacecraft for missions in low Earth orbit and other orbital environments.