York Space Systems (NYSE:YSS) Stock Price Up 7% – Should You Buy?

York Space Systems Inc. (NYSE:YSS)’s share price rose 7% on Monday . The stock traded as high as $9.20 and last traded at $9.1490. Approximately 221,596 shares were traded during mid-day trading, a decline of 91% from the average session volume of 2,335,908 shares. The stock had previously closed at $8.55.

Wall Street Analysts Forecast Growth

YSS has been the topic of a number of analyst reports. Truist Financial lowered their target price on York Space Systems from $26.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, August 20th. Craig Hallum started coverage on York Space Systems in a research report on Wednesday, August 26th. They issued a “hold” rating and a $11.00 price objective on the stock. Raymond James Financial lowered York Space Systems from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Guggenheim initiated coverage on shares of York Space Systems in a research note on Monday, September 14th. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group reduced their target price on shares of York Space Systems from $32.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.59.

York Space Systems Stock Up 13.1%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.05 and a current ratio of 5.34. The firm has a market cap of $1.33 billion and a PE ratio of -16.36. The stock has a fifty day moving average price of $12.16 and a 200-day moving average price of $22.41.

York Space Systems (NYSE:YSS) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.12). The business had revenue of $92.55 million during the quarter. Research analysts expect that York Space Systems Inc. will post -1.73 EPS for the current year.

Insider Buying and Selling at York Space Systems

In other York Space Systems news, major shareholder Blackrock Portfolio Management sold 200,170 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $10.99, for a total transaction of $2,199,868.30. Following the completion of the transaction, the insider directly owned 16,517,115 shares of the company’s stock, valued at $181,523,093.85. This trade represents a 1.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 655,215 shares of company stock worth $8,390,822 over the last three months.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC acquired a new position in York Space Systems during the 2nd quarter valued at approximately $45,381,000. Integrated Wealth Concepts LLC acquired a new stake in York Space Systems in the second quarter worth $355,000. IFP Advisors Inc bought a new stake in York Space Systems in the second quarter valued at $83,000. Squarepoint Ops LLC acquired a new position in shares of York Space Systems during the second quarter valued at $578,000. Finally, Denver PWM LLC bought a new position in shares of York Space Systems during the second quarter worth about $369,000.

York Space Systems Company Profile

York Space Systems is a U.S. aerospace company that designs, manufactures and operates spacecraft and satellite systems. The company focuses on delivering integrated space-based infrastructure for government and commercial customers, with an emphasis on scalable satellite production and responsive deployment.

Its product portfolio includes standardized satellite platforms, spacecraft buses and mission-specific satellite systems designed to support communications, Earth observation, remote sensing, data relay and other space-based applications.