Merlin, Inc. Common Stock (NASDAQ:MRLN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Merlin, Inc. Common Stock (NASDAQ:MRLN) has earned an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $12.3333.

Several analysts recently weighed in on MRLN shares. Zacks Research upgraded Merlin, Inc. Common Stock to a “hold” rating in a report on Wednesday, April 15th. Wall Street Zen lowered shares of Merlin, Inc. Common Stock to a “strong sell” rating in a report on Saturday, May 23rd. TD Cowen raised Merlin, Inc. Common Stock to a “strong-buy” rating in a research report on Thursday, June 4th. Weiss Ratings upgraded Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, June 9th. Finally, Cantor Fitzgerald started coverage on Merlin, Inc. Common Stock in a research note on Thursday. They set an “overweight” rating and a $11.00 target price on the stock.

Merlin, Inc. Common Stock Stock Performance

Merlin, Inc. Common Stock stock traded up $0.01 during mid-day trading on Thursday, reaching $4.30. 364,406 shares of the company’s stock traded hands, compared to its average volume of 1,533,337. Merlin, Inc. Common Stock has a 12-month low of $4.20 and a 12-month high of $17.00. The firm’s 50 day moving average price is $7.00. The stock has a market capitalization of $415.04 million, a P/E ratio of -11.62 and a beta of 1.70.

About Merlin, Inc. Common Stock

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.