Firefly Aerospace (NASDAQ:FLY) Trading Down 6.9% - Time to Sell?

Key Points

• Shares fell 6.9% to $19.32 on Tuesday, with about 1.46 million shares changing hands—roughly a 53% drop from average daily volume, indicating lighter-than-normal trading activity.
• Analysts hold a Moderate Buy consensus with an average target of $39.71, though individual ratings are mixed and recent price targets from major firms cluster in the roughly $28–$32 range.
• Fundamentals show a $3.15 billion market cap and a negative P/E of -2.71; the stock trades below both its 50- ($24.46) and 200-day ($27.52) moving averages but displays strong liquidity (current and quick ratios of 6.20) and minimal leverage (debt-to-equity 0.03).

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) traded down 6.9% during trading on Tuesday . The company traded as low as $18.81 and last traded at $19.3170. Approximately 1,461,868 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 3,139,964 shares. The stock had previously closed at $20.75.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a "neutral" rating in a report on Tuesday, January 20th. KeyCorp initiated coverage on shares of Firefly Aerospace in a research report on Thursday, December 18th. They set a "sector weight" rating for the company. JPMorgan Chase & Co. reduced their target price on Firefly Aerospace from $55.00 to $28.00 and set an "overweight" rating on the stock in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft raised shares of Firefly Aerospace from a "hold" rating to a "buy" rating and decreased their price target for the company from $40.00 to $30.00 in a report on Thursday, November 13th. Finally, Roth Mkm restated a "buy" rating on shares of Firefly Aerospace in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.71.

Firefly Aerospace Price Performance

The firm has a market capitalization of $3.15 billion and a P/E ratio of -2.71. The company has a 50 day moving average of $24.46 and a 200-day moving average of $27.52. The company has a current ratio of 6.20, a quick ratio of 6.20 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On Firefly Aerospace

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