Firefly Aerospace (NASDAQ:FLY) Stock Price Down 6.3% - Here's Why

Key Points

• FLY shares fell 6.3% intraday to about $32.66 on Tuesday, with roughly 1.89M shares traded (down 56% from the ~4.3M average).
• Analysts are mixed but slightly positive: MarketBeat shows a consensus rating of "Moderate Buy" with an average price target of $35.13 after recent target and rating changes from Cantor Fitzgerald, UBS and Goldman Sachs.
• Firefly posted Q earnings of -$0.38 EPS versus consensus -$0.48 and revenue of $57.67M (up 541% year‑over‑year), but still reports a deeply negative net margin (186.6%) and return on equity (234.8%).

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report)'s stock price fell 6.3% during mid-day trading on Tuesday . The stock traded as low as $32.20 and last traded at $32.6560. 1,891,347 shares changed hands during trading, a decline of 56% from the average session volume of 4,301,418 shares. The stock had previously closed at $34.85.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FLY shares. Cantor Fitzgerald decreased their target price on shares of Firefly Aerospace from $65.00 to $35.00 and set an "overweight" rating on the stock in a research report on Thursday, March 26th. UBS Group set a $33.00 target price on shares of Firefly Aerospace in a research report on Thursday, March 12th. The Goldman Sachs Group lifted their target price on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a "neutral" rating in a research report on Tuesday, January 20th. KeyCorp initiated coverage on shares of Firefly Aerospace in a research note on Thursday, December 18th. They set a "sector weight" rating on the stock. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Firefly Aerospace in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Firefly Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.13.

Firefly Aerospace Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 4.51 and a quick ratio of 4.51. The stock has a market capitalization of $5.69 billion and a P/E ratio of -3.86. The company's 50 day simple moving average is $23.55 and its two-hundred day simple moving average is $24.88.

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

Hedge Funds Weigh In On Firefly Aerospace

A number of large investors have recently modified their holdings of FLY. BNP Paribas Financial Markets acquired a new position in Firefly Aerospace in the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC acquired a new position in Firefly Aerospace in the third quarter valued at approximately $26,000. California State Teachers Retirement System acquired a new position in Firefly Aerospace in the fourth quarter valued at approximately $30,000. NBC Securities Inc. acquired a new position in Firefly Aerospace in the fourth quarter valued at approximately $38,000. Finally, Russell Investments Group Ltd. bought a new stake in Firefly Aerospace in the fourth quarter valued at approximately $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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