Merlin, Inc. Common Stock (NASDAQ:MRLN) Price Target Cut to $4.00 by Analysts at Roth Capital

Merlin, Inc. Common Stock (NASDAQ:MRLN) had its price target reduced by Roth Capital to $4.00 in a research report released on Friday,Benzinga reports. Roth Capital currently has a buy rating on the stock.

MRLN has been the subject of several other research reports. Weiss Ratings upgraded Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. Northland Securities started coverage on Merlin, Inc. Common Stock in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 price target for the company. TD Cowen lowered their price target on Merlin, Inc. Common Stock to $4.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Cantor Fitzgerald lowered their price target on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Finally, Canaccord Genuity Group assumed coverage on Merlin, Inc. Common Stock in a research note on Friday, September 25th. They set a “buy” rating and a $7.50 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.92.

Merlin, Inc. Common Stock Stock Up 17.2%

Shares of MRLN stock traded up $0.17 during trading on Friday, reaching $1.13. The company’s stock had a trading volume of 42,282,423 shares, compared to its average volume of 2,407,916. The business has a fifty day moving average price of $1.58 and a 200-day moving average price of $4.79. The company has a market cap of $114.21 million, a price-to-earnings ratio of -0.76 and a beta of 2.30. Merlin, Inc. Common Stock has a one year low of $0.74 and a one year high of $17.00.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last released its earnings results on Thursday, November 12th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.63. The business had revenue of $3.46 million during the quarter. Research analysts anticipate that Merlin, Inc. Common Stock will post -2.17 EPS for the current year.

Merlin, Inc. Common Stock Company Profile

Merlin, Inc. develops autonomous flight technology for aircraft. Its Merlin Pilot system is designed to automate flight tasks and integrate with existing aircraft, with the goal of supporting operations in sectors such as commercial aviation and defense. Founded in 2018, the company works on adapting its technology for different aircraft and operational requirements. Merlin is focused on developing and certifying systems for use in real-world aviation environments.