Firefly Aerospace (NASDAQ:FLY) Shares Climb 13.6% - What's Next?

Key Points

• Firefly Aerospace shares rose 13.6% to $23.5760, while trading volume was about 50% below its average.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $34.50; recent target cuts included B. Riley’s reduction to $40 and KeyCorp’s to $35.
• For its latest reported quarter, Firefly posted revenue of $117.68 million, up 659.2% year over year, and a loss of $0.42 per share—narrower than analysts expected.

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report)'s share price shot up 13.6% during trading on Monday. The stock traded as high as $23.24 and last traded at $23.5760. 2,409,562 shares traded hands during trading, a decline of 50% from the average session volume of 4,843,368 shares. The stock had previously closed at $20.76.

Analyst Ratings Changes

Several research firms have recently issued reports on FLY. Wells Fargo & Company started coverage on Firefly Aerospace in a report on Monday, July 27th. They issued an "equal weight" rating and a $25.00 target price for the company. B. Riley Financial dropped their price target on Firefly Aerospace from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, November 4th. KeyCorp cut their price objective on Firefly Aerospace from $50.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, November 2nd. Jefferies Financial Group restated a "buy" rating on shares of Firefly Aerospace in a research note on Friday. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $35.00 target price on shares of Firefly Aerospace in a research report on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Firefly Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $34.50.

Firefly Aerospace Stock Up 12.1%

The stock's 50-day moving average price is $20.31 and its two-hundred day moving average price is $26.83. The stock has a market capitalization of $3.90 billion, a P/E ratio of -7.96 and a beta of 0.84. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, topping analysts' consensus estimates of ($0.50) by $0.08. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. The company had revenue of $117.68 million for the quarter. During the same period last year, the firm posted ($5.78) EPS. The company's revenue for the quarter was up 659.2% compared to the same quarter last year. As a group, research analysts expect that Firefly Aerospace, Inc. will post -2.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in Firefly Aerospace by 1,681.6% during the third quarter. Allworth Financial LP now owns 3,581 shares of the company's stock valued at $83,000 after purchasing an additional 3,380 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Firefly Aerospace by 592.4% during the third quarter. Russell Investments Group Ltd. now owns 94,547 shares of the company's stock worth $2,189,000 after purchasing an additional 80,893 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Firefly Aerospace in the third quarter worth about $474,000. J. Derek Lewis & Associates Inc. increased its stake in shares of Firefly Aerospace by 64.0% in the third quarter. J. Derek Lewis & Associates Inc. now owns 21,650 shares of the company's stock worth $501,000 after purchasing an additional 8,450 shares in the last quarter. Finally, Ethic Inc. purchased a new position in shares of Firefly Aerospace in the third quarter worth about $1,215,000.

About Firefly Aerospace

Firefly Aerospace is a space and defense technology company founded in 2017 and headquartered in Cedar Park, Texas. It develops launch vehicles and spacecraft and provides launch, lunar, and in-space transportation services for government and commercial customers.

Its products include the Alpha rocket, designed to carry small and medium-sized payloads to orbit, and the Blue Ghost lunar lander, which delivers payloads to the Moon. The company also develops Elytra, an orbital vehicle intended to support missions such as payload transport and in-space operations.

Firefly's Blue Ghost Mission 1 successfully landed on the Moon in March 2025.

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