Firefly Aerospace Target of Unusually High Options Trading (NASDAQ:FLY)

Key Points

• Investors bought an unusually large number of call options on Firefly — 22,552 calls, about 170% higher than the average volume of 8,356.
• Analyst sentiment is mixed but leaning positive: the stock carries an average rating of “Moderate Buy” with an average price target near $39.71, while individual targets range roughly $28–$55.
• Shares traded up to $20 (about +1.4%); the company has a market cap of $3.19B, a 12‑month range of $16–$73.80, and a negative P/E reflecting ongoing losses.

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) was the recipient of unusually large options trading on Monday. Investors acquired 22,552 call options on the company. This is an increase of approximately 170% compared to the average volume of 8,356 call options.

Hedge Funds Weigh In On Firefly Aerospace

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

Analysts Set New Price Targets

A number of equities research analysts have commented on FLY shares. JPMorgan Chase & Co. lowered 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. Weiss Ratings reiterated a "sell (d-)" rating on shares of Firefly Aerospace in a research report on Monday, December 29th. Morgan Stanley set a $33.00 target price on shares of Firefly Aerospace in a report on Friday, January 16th. The Goldman Sachs Group lifted their price target 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. Finally, Deutsche Bank Aktiengesellschaft raised Firefly Aerospace from a "hold" rating to a "buy" rating and lowered their price objective for the company from $40.00 to $30.00 in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.71.

Firefly Aerospace Trading Up 1.4%

Shares of FLY traded up $0.27 during trading hours on Monday, hitting $20.00. The stock had a trading volume of 891,710 shares, compared to its average volume of 3,151,547. Firefly Aerospace has a 12-month low of $16.00 and a 12-month high of $73.80. The firm has a market cap of $3.19 billion and a P/E ratio of -2.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.20 and a current ratio of 6.20. The company's fifty day simple moving average is $24.52 and its 200 day simple moving average is $27.70.

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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