Firefly Aerospace (NASDAQ:FLY) Trading Up 6.2% - Should You Buy?

Key Points

• Shares jumped 6.2% on Monday to about $35 while trading volume was roughly 46% below its average daily level.
• Analyst coverage is mixed but leans positive — MarketBeat shows an average rating of "Moderate Buy" with an average price target of about $35.13, roughly in line with the current price.
• Operationally Firefly reported revenue of $57.7M (up 541% YoY) and an EPS beat (‑$0.38 vs. ‑$0.48 expected), but the company remains deeply unprofitable with negative ROE and a negative net margin.

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report)'s share price rose 6.2% during trading on Monday . The company traded as high as $34.25 and last traded at $34.9750. Approximately 2,283,761 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 4,224,787 shares. The stock had previously closed at $32.93.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Cantor Fitzgerald dropped 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 report on Thursday, March 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Firefly Aerospace in a research report on Monday, December 29th. KeyCorp began coverage on Firefly Aerospace in a report on Thursday, December 18th. They issued a "sector weight" rating on the stock. UBS Group set a $33.00 price objective on Firefly Aerospace in a report on Thursday, March 12th. Finally, The Goldman Sachs Group raised their target price on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $35.13.

Firefly Aerospace Trading Up 4.3%

The business has a 50 day moving average of $23.36 and a 200 day moving average of $24.96. The firm has a market capitalization of $5.50 billion and a price-to-earnings ratio of -3.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.51 and a quick ratio of 4.51.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last issued 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. The firm had revenue of $57.67 million for the quarter. Firefly Aerospace had a negative return on equity of 234.80% and a negative net margin of 186.63%.The business's quarterly revenue was up 541.1% compared to the same quarter last year.

Institutional Investors Weigh In On Firefly Aerospace

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