Firefly Aerospace (NASDAQ:FLY) Stock Price Down 8.4% - What's Next?

Key Points

• Shares fell 8.4% to about $35.55 on Tuesday with midday volume ~2.58M (down 44% vs. average), after a prior close of $38.80.
• Analysts are mixed but generally positive: the consensus rating is "Moderate Buy" with an average target of $33.25, while individual targets range from $33 to $45 (Jefferies $45, Cantor Fitzgerald $35).
• Recent quarter showed strong top-line growth—revenue $57.7M, up 541% YoY and EPS of -$0.38 (beat estimates)—yet the company remains unprofitable (negative ROE and margins) but reports strong liquidity (current/quick ratio 4.51) and low debt-to-equity (0.24).

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) fell 8.4% during trading on Tuesday . The company traded as low as $35.82 and last traded at $35.5460. 2,575,968 shares were traded during mid-day trading, a decline of 44% from the average session volume of 4,636,069 shares. The stock had previously closed at $38.80.

Analysts Set New Price Targets

FLY has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on Firefly Aerospace from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Monday. UBS Group set a $33.00 price target on shares of Firefly Aerospace in a report on Thursday, March 12th. Cantor Fitzgerald reduced their price objective on shares of Firefly Aerospace from $65.00 to $35.00 and set an "overweight" rating for the company in a research note on Thursday, March 26th. Morgan Stanley reissued a "positive" rating on shares of Firefly Aerospace in a research report on Thursday, March 12th. Finally, KeyCorp assumed coverage on Firefly Aerospace in a report on Thursday, December 18th. They set a "sector weight" rating on the stock. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $33.25.

Firefly Aerospace Trading Down 9.0%

The company has a market capitalization of $5.65 billion and a price-to-earnings ratio of -3.86. The company has a 50-day moving average price of $24.63 and a 200-day moving average price of $24.69. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.24.

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

Institutional Inflows and Outflows

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

About Firefly Aerospace

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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