Firefly Aerospace (NASDAQ:FLY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• 5,712,325 shares traded (a ~27% increase from the prior session) and the stock last traded around $38.21, signaling unusually high market interest.
• Analysts hold a consensus "Moderate Buy" rating with a consensus price target of $35.13, but views are mixed as several firms recently revised ratings and targets.
• Fundamentals show 541% revenue growth year-over-year and an EPS beat (‑$0.38 vs. ‑$0.48 expected), yet the company remains unprofitable with a roughly -186.6% net margin and negative ROE.

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) saw strong trading volume on Thursday . 5,712,325 shares were traded during trading, an increase of 27% from the previous session's volume of 4,505,194 shares.The stock last traded at $38.2060 and had previously closed at $38.12.

Analyst Upgrades and Downgrades

FLY has been the topic of a number of research analyst reports. Morgan Stanley restated a "positive" rating on shares of Firefly Aerospace in a research note on Thursday, March 12th. UBS Group set a $33.00 price target on Firefly Aerospace in a report on Thursday, March 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Firefly Aerospace in a research note on Monday, December 29th. The Goldman Sachs Group lifted their target price on Firefly Aerospace from $29.00 to $32.00 and gave the company a "neutral" rating in a research report on Tuesday, January 20th. Finally, Cantor Fitzgerald lowered their target price on Firefly Aerospace from $65.00 to $35.00 and set an "overweight" rating for the company in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Firefly Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.13.

Firefly Aerospace Stock Performance

The firm's fifty day moving average price is $23.86 and its 200 day moving average price is $24.91. The firm has a market cap of $6.23 billion and a P/E ratio of -4.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.51 and a current ratio of 4.51.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.48) by $0.10. The firm had revenue of $57.67 million for the quarter. Firefly Aerospace had a negative net margin of 186.63% and a negative return on equity of 234.80%. The company's revenue was up 541.1% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FLY. BNP Paribas Financial Markets purchased a new stake in shares of Firefly Aerospace during the 3rd quarter worth $26,000. CIBC Private Wealth Group LLC bought a new position in Firefly Aerospace in the third quarter worth about $26,000. California State Teachers Retirement System bought a new position in Firefly Aerospace in the fourth quarter worth about $30,000. Russell Investments Group Ltd. purchased a new stake in shares of Firefly Aerospace during the fourth quarter valued at about $38,000. Finally, NBC Securities Inc. bought a new stake in shares of Firefly Aerospace in the 4th quarter valued at about $38,000.

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.

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