York Space Systems (NYSE:YSS) Sets New 52-Week Low - Should You Sell?

Key Points

• York Space Systems hit a new 52-week low, trading as low as $5.50, down from its prior close of $6.09.
• Analysts have a consensus Hold rating and an average price target of $16.35, though recent moves included a downgrade to Hold and reduced targets.
• The company reported quarterly EPS of -$0.31, missing the consensus estimate of -$0.19; quarterly revenue was $92.55 million.

York Space Systems Inc. (NYSE:YSS - Get Free Report)'s share price hit a new 52-week low on Thursday. The stock traded as low as $5.50 and last traded at $5.5080, with a volume of 327,571 shares. The stock had previously closed at $6.09.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on YSS shares. The Goldman Sachs Group set a $14.00 price target on York Space Systems in a research report on Tuesday, August 25th. Piper Sandler reduced their price target on shares of York Space Systems from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Friday, October 23rd. Canaccord Genuity Group downgraded shares of York Space Systems from a "buy" rating to a "hold" rating and dropped their target price for the stock from $36.00 to $13.50 in a research note on Monday, August 17th. Barclays began coverage on shares of York Space Systems in a research note on Friday, October 9th. They set an "equal weight" rating and a $11.00 price target on the stock. Finally, Guggenheim started coverage on shares of York Space Systems in a research report on Monday, September 14th. They issued a "neutral" rating for the company. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $16.35.

York Space Systems Price Performance

The company has a current ratio of 5.34, a quick ratio of 5.05 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $753.56 million and a P/E ratio of -9.30. The company has a fifty day simple moving average of $7.75 and a two-hundred day simple moving average of $19.98.

York Space Systems (NYSE:YSS - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.12). The firm had revenue of $92.55 million for the quarter. Sell-side analysts expect that York Space Systems Inc. will post -1.75 EPS for the current fiscal year.

Insider Transactions at York Space Systems

In other York Space Systems news, major shareholder Blackrock Portfolio Management sold 200,170 shares of York Space Systems stock in a transaction on Friday, August 7th. The shares were sold at an average price of $10.99, for a total transaction of $2,199,868.30. Following the completion of the sale, the insider owned 16,517,115 shares of the company's stock, valued at approximately $181,523,093.85. The trade was a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. bought a new position in York Space Systems during the 3rd quarter worth approximately $235,000. 71 West Capital Partners bought a new stake in York Space Systems in the third quarter valued at approximately $44,764,000. Parallel Advisors LLC bought a new stake in York Space Systems in the third quarter valued at approximately $25,000. ProShare Advisors LLC bought a new stake in York Space Systems in the third quarter valued at approximately $98,000. Finally, Choreo LLC acquired a new stake in York Space Systems in the third quarter worth $95,000.

York Space Systems Company Profile

York Space Systems is a space technology company that designs, manufactures and operates spacecraft and satellite systems. Its business focuses on providing standardized, scalable satellite platforms that can support communications, remote sensing, scientific missions and national security applications.

The company's product portfolio includes modular satellite buses, integrated spacecraft and mission systems, as well as related engineering, manufacturing and operational services. York's platforms are designed to accommodate different payloads and mission requirements, allowing customers to deploy constellations and other space-based capabilities more efficiently.

Founded in 2015, York Space Systems serves government and commercial customers and has developed spacecraft for missions in low Earth orbit and other orbital environments.

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