Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Has Average Target Price of $8.75

Key Points

• Analyst sentiment is moderately bullish: Eight brokerages give Merlin an average “Moderate Buy” rating, with six buys, one hold, and one sell. The average 12-month price target is $8.75.
• The stock has suffered a sharp decline: Shares recently traded at $1.09, near their 12-month low of $1.06 and far below the $17.00 high; the 50-day moving average is $2.59.
• Financial results remain weak: Merlin reported a quarterly loss of $1.40 per share versus the expected $0.28 loss, on revenue of $2.19 million. Analysts expect a full-year loss of $2.17 per share.

Shares of Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8.75.

Several equities analysts have recently weighed in on the company. Northland Securities began coverage on Merlin, Inc. Common Stock in a research note on Tuesday, July 21st. They issued an "outperform" rating and a $10.00 price objective on the stock. Canaccord Genuity Group started coverage on shares of Merlin, Inc. Common Stock in a research report on Friday, September 25th. They set a "buy" rating and a $7.50 target price for the company. Maxim Group assumed coverage on shares of Merlin, Inc. Common Stock in a research report on Friday, September 18th. They set a "buy" rating and a $7.00 target price for the company. TD Cowen cut their price target on shares of Merlin, Inc. Common Stock to $4.00 and set a "buy" rating on the stock in a report on Friday, October 9th. Finally, Weiss Ratings raised shares of Merlin, Inc. Common Stock from a "sell (e)" rating to a "sell (d-)" rating in a research report on Tuesday, September 1st.

Merlin, Inc. Common Stock Price Performance

Merlin, Inc. Common Stock stock traded down $0.03 during midday trading on Friday, reaching $1.09. The stock had a trading volume of 1,925,495 shares, compared to its average volume of 3,804,472. Merlin, Inc. Common Stock has a twelve month low of $1.06 and a twelve month high of $17.00. The stock has a market capitalization of $110.67 million, a PE ratio of -0.74 and a beta of 1.98. The firm has a 50-day moving average price of $2.59.

Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.28) by ($1.12). The business had revenue of $2.19 million during the quarter. Analysts predict that Merlin, Inc. Common Stock will post -2.17 EPS for the current year.

About Merlin, Inc. Common Stock

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.

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