Firefly Aerospace (NASDAQ:FLY) Sets New 52-Week Low - Time to Sell?

Key Points

• Firefly Aerospace (NASDAQ:FLY) has hit a new 52-week low, trading as low as $25.85, down from a previous close of $28.05.
• Despite this decline, analysts remain optimistic, with a consensus rating of "Moderate Buy" and an average price target of $52.29.
• The company reported a significant earnings miss in their recent quarterly results, posting an EPS of ($5.30) compared to the consensus estimate of ($0.42).

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $25.85 and last traded at $26.22, with a volume of 1307073 shares traded. The stock had previously closed at $28.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FLY shares. Jefferies Financial Group raised shares of Firefly Aerospace to a "strong-buy" rating in a research note on Tuesday, September 2nd. Wall Street Zen cut shares of Firefly Aerospace from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. The Goldman Sachs Group assumed coverage on shares of Firefly Aerospace in a research note on Tuesday, September 2nd. They issued a "neutral" rating and a $54.00 price target on the stock. Cantor Fitzgerald assumed coverage on shares of Firefly Aerospace in a research note on Tuesday, September 2nd. They issued an "overweight" rating and a $65.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Firefly Aerospace in a research note on Tuesday, September 2nd. They issued an "overweight" rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $52.29.

Firefly Aerospace Stock Down 5.8%

The business's fifty day simple moving average is $39.46.

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

Firefly Aerospace Company Profile

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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