Firefly Aerospace (NASDAQ:FLY) Stock Price Up 5.7% - Here's Why

Key Points

• Firefly Aerospace's stock price increased by 5.7% during mid-day trading, reaching a last traded price of $28.68 after closing at $27.12.
• Analysts have generally issued favorable ratings for Firefly Aerospace, with a consensus rating of "Moderate Buy" and an average price target of $52.29.
• In its recent earnings report, Firefly Aerospace missed earnings expectations, reporting ($5.30) EPS against the expected ($0.42), while revenue of $15.55 million exceeded estimates.

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report)'s share price shot up 5.7% during mid-day trading on Tuesday . The company traded as high as $28.11 and last traded at $28.68. 347,667 shares changed hands during trading, a decline of 81% from the average session volume of 1,871,976 shares. The stock had previously closed at $27.12.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Firefly Aerospace to a "strong-buy" rating in a research report on Tuesday, September 2nd. Roth Capital set a $40.00 price target on Firefly Aerospace in a research note on Tuesday, September 30th. The Goldman Sachs Group assumed coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They set a "neutral" rating and a $54.00 price objective for the company. Zacks Research raised Firefly Aerospace to a "hold" rating in a research note on Thursday, September 4th. Finally, Morgan Stanley assumed coverage on Firefly Aerospace in a research note on Tuesday, September 2nd. They set an "equal weight" rating and a $52.00 target price for the company. 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.29.

Firefly Aerospace Stock Up 2.5%

The stock's fifty day simple moving average is $38.90.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last issued its quarterly earnings data on Monday, September 22nd. The company reported ($5.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.42) by ($4.88). The firm 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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