Firefly Aerospace (NASDAQ:FLY) Trading 13.5% Higher – Here’s What Happened

Firefly Aerospace, Inc. (NASDAQ:FLY)’s stock price traded up 13.5% during mid-day trading on Wednesday . The stock traded as high as $28.28 and last traded at $26.9270. 2,851,570 shares were traded during mid-day trading, a decline of 25% from the average session volume of 3,784,672 shares. The stock had previously closed at $23.73.

Trending Headlines about Firefly Aerospace

Here are the key news stories impacting Firefly Aerospace this week:

• Positive Sentiment: Department of Defense partnership announced to support assessment and treatment of active-duty service members and veterans with PTSD and traumatic brain injury — reinforces Firefly’s defense/healthcare contract pathway and strengthens non-launch revenue narrative. Firefly Stock Jumps On Department Of Defense Partnership
• Positive Sentiment: Firefly supported Lockheed Martin in two responsive space exercises for the U.S. Space Force (VICTUS DIEM) — a concrete demonstration of operational capability and government customer engagement. Firefly Aerospace Supports U.S. Space Force VICTUS DIEM Exercise
• Positive Sentiment: Sector rally after reports SpaceX may file for an IPO boosted investor interest across space names, including Firefly — a tailwind that drove earlier gains. Space stocks rally on reports of SpaceX’s imminent IPO filing
• Positive Sentiment: Unusually large call-option activity: traders bought ~28,970 call contracts (a ~171% rise vs. average), signaling speculative bullish interest and potential short-term upside pressure. Options Activity Report
• Neutral Sentiment: Inclusion on lists of stocks investors are buying and media “movers” coverage highlights momentum and visibility but does not by itself change fundamentals. 5 Stocks Investors Are Buying Now
• Negative Sentiment: Cantor Fitzgerald cut its price target from $65 to $35 (while maintaining an Overweight rating) — the sizable reduction may prompt investor reassessment and selling pressure despite the retained positive rating. Cantor Fitzgerald Lowers Price Target

Analyst Ratings Changes

A number of brokerages have weighed in on FLY. The Goldman Sachs Group boosted their price target on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. UBS Group set a $33.00 target price on Firefly Aerospace in a research note on Thursday, March 12th. Cantor Fitzgerald decreased their target price on Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday. KeyCorp initiated coverage on Firefly Aerospace in a research note on Thursday, December 18th. They issued a “sector weight” rating on the stock. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of Firefly Aerospace in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Firefly Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $35.13.

Firefly Aerospace Stock Performance

The company has a market cap of $4.29 billion and a P/E ratio of -2.92. The stock has a 50 day moving average price of $23.65 and a two-hundred day moving average price of $25.83. The company has a quick ratio of 6.20, a current ratio of 4.51 and a debt-to-equity ratio of 0.24.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings results on Thursday, March 19th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.10. Firefly Aerospace had a negative return on equity of 234.80% and a negative net margin of 186.63%.The business had revenue of $57.67 million during the quarter. The business’s revenue was up 541.1% on a year-over-year basis.

Hedge Funds Weigh In On Firefly Aerospace

Several institutional investors and hedge funds have recently modified their holdings of FLY. BNP Paribas Financial Markets bought a new position in Firefly Aerospace during the third quarter worth about $26,000. CIBC Private Wealth Group LLC acquired a new stake in Firefly Aerospace during the third quarter worth about $26,000. California State Teachers Retirement System bought a new stake in shares of Firefly Aerospace during the 4th quarter worth approximately $30,000. NBC Securities Inc. bought a new stake in Firefly Aerospace during the fourth quarter worth $38,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Firefly Aerospace in the 4th quarter valued at $38,000.

About Firefly Aerospace

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.