Firefly Aerospace (NASDAQ:FLY) Shares Climb 13.6% – What’s Next?

Firefly Aerospace, Inc. (NASDAQ:FLY)’s share price was up 13.6% on Monday. The company traded as high as $23.24 and last traded at $23.5760. 2,409,562 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 4,843,368 shares. The stock had previously closed at $20.76.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FLY. KeyCorp dropped their target price on Firefly Aerospace from $50.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, November 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price target on shares of Firefly Aerospace in a research report on Wednesday, August 12th. Wells Fargo & Company initiated coverage on Firefly Aerospace in a research note on Monday, July 27th. They set an “equal weight” rating and a $25.00 price objective on the stock. Wall Street Zen raised Firefly Aerospace from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Roth Capital cut their target price on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Firefly Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Firefly Aerospace Stock Up 12.1%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.73 and a current ratio of 2.73. The firm has a market capitalization of $3.90 billion, a PE ratio of -7.96 and a beta of 0.84. The company’s 50 day simple moving average is $20.31 and its 200-day simple moving average is $26.83.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.08. The firm had revenue of $117.68 million during the quarter. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. The firm’s revenue for the quarter was up 659.2% on a year-over-year basis. During the same quarter last year, the firm earned ($5.78) earnings per share. On average, analysts forecast that Firefly Aerospace, Inc. will post -2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Firefly Aerospace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Firefly Aerospace in the 2nd quarter valued at about $173,573,000. Van ECK Associates Corp grew its holdings in shares of Firefly Aerospace by 43.8% during the second quarter. Van ECK Associates Corp now owns 3,048,335 shares of the company’s stock worth $89,621,000 after purchasing an additional 927,804 shares in the last quarter. Tema ETFs LLC increased its position in shares of Firefly Aerospace by 133,440.2% in the second quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock worth $67,057,000 after purchasing an additional 2,279,159 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Firefly Aerospace in the second quarter worth approximately $63,714,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Firefly Aerospace in the third quarter valued at approximately $23,354,000.

About Firefly Aerospace

Firefly Aerospace is a space and defense technology company founded in 2017 and headquartered in Cedar Park, Texas. It develops launch vehicles and spacecraft and provides launch, lunar, and in-space transportation services for government and commercial customers.

Its products include the Alpha rocket, designed to carry small and medium-sized payloads to orbit, and the Blue Ghost lunar lander, which delivers payloads to the Moon. The company also develops Elytra, an orbital vehicle intended to support missions such as payload transport and in-space operations.

Firefly’s Blue Ghost Mission 1 successfully landed on the Moon in March 2025.