Firefly Aerospace (NASDAQ:FLY) Shares Down 5.5% – Time to Sell?

Firefly Aerospace, Inc. (NASDAQ:FLY)’s share price traded down 5.5% during trading on Tuesday. The stock traded as low as $22.93 and last traded at $22.79. Approximately 1,598,915 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 5,059,168 shares. The stock had previously closed at $24.11.

Key Stories Impacting Firefly Aerospace

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

• Positive Sentiment: Starcloud will use Firefly’s space vehicle to transport an AI-computing payload into lunar orbit, giving Firefly an additional commercial customer and expanding its role beyond launch services into space-based infrastructure. Firefly Aerospace Signs Starcloud as Commercial Customer
• Positive Sentiment: The partnership will test data-center and AI-computing capabilities around the Moon, potentially positioning Firefly to benefit from the emerging market for orbital and lunar computing infrastructure. The announcement prompted reports that FLY gained roughly 5%–6%. Firefly Aerospace Stock Jumps on Lunar AI Partnership
• Positive Sentiment: Starcloud described the arrangement as its first commercial lunar data-center contract, providing validation for Firefly’s Elytra orbital vehicle and its ability to support more specialized commercial payloads. Starcloud Signs First Commercial Lunar Data-Center Contract
• Neutral Sentiment: Coverage comparing Firefly with GE Aerospace frames FLY as a higher-growth but substantially more speculative investment. Firefly remains unprofitable, so investors will likely focus on contract growth, execution and whether new space-infrastructure deals become meaningful revenue contributors. Firefly Aerospace vs. GE Aerospace
• Neutral Sentiment: SpaceX’s latest Starship test successfully reached orbit and deployed satellites despite a shortened mission. While highlighting a powerful competitor, coverage suggests continued Starship testing could also create opportunities for Rocket Lab and Firefly if SpaceX experiences delays or technical limitations. Starship Test Could Help Rocket Lab and Firefly

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FLY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Tuesday, September 22nd. Wall Street Zen lowered shares of Firefly Aerospace from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. B. Riley Financial decreased their target price on shares of Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Jefferies Financial Group set a $35.00 target price on shares of Firefly Aerospace in a report on Wednesday, August 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price target on shares of Firefly Aerospace in a research report on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Firefly Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $36.82.

Firefly Aerospace Stock Up 4.5%

The stock has a fifty day moving average of $22.62 and a two-hundred day moving average of $29.54. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.05 billion and a price-to-earnings ratio of -8.06.

Firefly Aerospace (NASDAQ:FLY) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.08. The company had revenue of $117.68 million during the quarter. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The business’s revenue was up 659.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($5.78) earnings per share. As a group, analysts predict that Firefly Aerospace, Inc. will post -2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Tidal Investments LLC acquired a new position in Firefly Aerospace during the second quarter valued at approximately $63,714,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Firefly Aerospace in the second quarter worth $56,000. Arizona State Retirement System raised its stake in shares of Firefly Aerospace by 76.7% in the 2nd quarter. Arizona State Retirement System now owns 15,462 shares of the company’s stock valued at $455,000 after acquiring an additional 6,714 shares during the period. Corient Private Wealth LP acquired a new position in shares of Firefly Aerospace during the 2nd quarter valued at $742,000. Finally, HighTower Advisors LLC purchased a new stake in Firefly Aerospace during the 2nd quarter worth $211,000.

Firefly Aerospace Company Profile

Firefly Aerospace, Inc is a space transportation and exploration company headquartered in Cedar Park, Texas. The company develops launch vehicles, lunar landers, spacecraft and related in-space services for government and commercial customers. Its operations support missions ranging from satellite deployment and scientific research to lunar exploration and national security applications.

Firefly’s primary launch vehicle is Alpha, a small- to medium-class orbital rocket designed to carry payloads into low Earth orbit.