Firefly Aerospace (NASDAQ:FLY) Hits New 12-Month Low - Time to Sell?

Key Points

• Firefly Aerospace's stock reached a new 52-week low of $25.50, with the last traded price at $26.24, after closing at $28.18.
• Analysts' ratings are mixed, with one "Strong Buy," three "Buy," four "Hold," and a target price consensus of $52.29.
• In its last quarterly earnings report, Firefly Aerospace missed earnings expectations significantly, reporting EPS of ($5.30) against an estimate of ($0.42).

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $25.50 and last traded at $26.24, with a volume of 1853774 shares traded. The stock had previously closed at $28.18.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FLY shares. Morgan Stanley started coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They issued an "equal weight" rating and a $52.00 target price on the stock. Wall Street Zen downgraded Firefly Aerospace from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. began coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They set an "overweight" rating and a $55.00 price objective on the stock. Zacks Research upgraded Firefly Aerospace to a "hold" rating in a research report on Thursday, September 4th. Finally, The Goldman Sachs Group began coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They set a "neutral" rating and a $54.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Firefly Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $52.29.

Firefly Aerospace Price Performance

The firm has a fifty day moving average of $38.42.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last announced its quarterly earnings data on Monday, September 22nd. The company reported ($5.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($4.88). The company had revenue of $15.55 million during the quarter, compared to the consensus estimate of $15.19 million. Firefly Aerospace has set its FY 2025 guidance at EPS.

About Firefly Aerospace

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.

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