Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Has Consensus Target Price of $8.75

Shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $8.75.

A number of equities research analysts have recently issued reports on MRLN shares. Weiss Ratings upgraded Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. TD Cowen dropped their target price on Merlin, Inc. Common Stock to $4.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Canaccord Genuity Group began coverage on Merlin, Inc. Common Stock in a research report on Friday, September 25th. They set a “buy” rating and a $7.50 price target on the stock. Maxim Group started coverage on Merlin, Inc. Common Stock in a report on Friday, September 18th. They issued a “buy” rating and a $7.00 price target for the company. Finally, Cantor Fitzgerald decreased their price target on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, August 14th.

Merlin, Inc. Common Stock Stock Down 2.2%

NASDAQ:MRLN traded down $0.03 during mid-day trading on Friday, hitting $1.09. The company had a trading volume of 1,925,495 shares, compared to its average volume of 3,804,472. The business has a fifty day simple moving average of $2.59. Merlin, Inc. Common Stock has a 1 year low of $1.06 and a 1 year high of $17.00. The company has a market capitalization of $110.67 million, a price-to-earnings ratio of -0.74 and a beta of 1.98.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($1.12). The business had revenue of $2.19 million during the quarter. As a group, sell-side analysts forecast that Merlin, Inc. Common Stock will post -2.17 EPS 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.