Merlin, Inc. Common Stock (NASDAQ:MRLN) Earns Buy Rating from Analysts at Maxim Group

Maxim Group initiated coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) in a report published on Friday, Marketbeat.com reports. The firm issued a buy rating and a $7.00 target price on the stock.

Several other equities research analysts have also recently commented on MRLN. TD Cowen cut their price target on Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating for the company in a report on Monday, July 13th. Weiss Ratings raised Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. Northland Securities assumed coverage on Merlin, Inc. Common Stock in a report on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 target price for the company. Wall Street Zen downgraded Merlin, Inc. Common Stock to a “strong sell” rating in a research note on Saturday, May 23rd. Finally, Cantor Fitzgerald reduced their price target on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.80.

Merlin, Inc. Common Stock Stock Performance

MRLN stock opened at $1.95 on Friday. The firm has a market cap of $197.09 million, a P/E ratio of -1.32 and a beta of 1.78. Merlin, Inc. Common Stock has a 12 month low of $1.81 and a 12 month high of $17.00. The company has a 50-day simple moving average of $3.50.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last released its earnings results on Thursday, August 13th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($1.12). The business had revenue of $2.19 million for the quarter. As a group, analysts anticipate that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current year.

Merlin, Inc. Common Stock Company Profile

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.