Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Rating Raised to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) from a strong sell rating to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Other analysts have also recently issued research reports about the company. Roth Capital cut their target price on Merlin, Inc. Common Stock to $4.00 and set a “buy” rating on the stock in a research report on Friday. 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 reduced their price objective on Merlin, Inc. Common Stock to $4.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Canaccord Genuity Group initiated coverage on Merlin, Inc. Common Stock in a report on Friday, September 25th. They issued a “buy” rating and a $7.50 price objective for the company. Finally, Maxim Group assumed coverage on shares of Merlin, Inc. Common Stock in a research report on Friday, September 18th. They set a “buy” rating and a $7.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Merlin, Inc. Common Stock currently has an average rating of “Moderate Buy” and an average price target of $6.92.

Merlin, Inc. Common Stock Trading Up 17.2%

Shares of NASDAQ MRLN traded up $0.17 during mid-day trading on Friday, reaching $1.13. The company had a trading volume of 42,282,423 shares, compared to its average volume of 2,407,916. The firm has a 50 day simple moving average of $1.58 and a two-hundred day simple moving average of $4.79. Merlin, Inc. Common Stock has a 52-week low of $0.74 and a 52-week high of $17.00. The stock has a market cap of $114.21 million, a P/E ratio of -0.76 and a beta of 2.30.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last announced its quarterly 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 company had revenue of $3.46 million during the quarter. On average, equities analysts expect that Merlin, Inc. Common Stock will post -2.17 EPS for the current year.

About Merlin, Inc. Common Stock

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.