Firefly Aerospace (NASDAQ:FLY) Hits New 52-Week Low – Here’s What Happened

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) hit a new 52-week low during trading on Tuesday . The stock traded as low as $43.95 and last traded at $44.50, with a volume of 188630 shares. The stock had previously closed at $45.37.

Analysts Set New Price Targets

FLY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Firefly Aerospace in a research note on Tuesday. They issued a “hold” rating and a $45.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Firefly Aerospace in a report on Tuesday. They issued an “overweight” rating and a $55.00 target price on the stock. Morgan Stanley assumed coverage on shares of Firefly Aerospace in a report on Tuesday. They issued an “equal weight” rating and a $52.00 target price on the stock. Cantor Fitzgerald assumed coverage on shares of Firefly Aerospace in a report on Tuesday. They issued an “overweight” rating and a $65.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on shares of Firefly Aerospace in a report on Monday. They issued a “buy” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.17.

Firefly Aerospace Stock Down 2.5%

Firefly Aerospace Company Profile

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.