Firefly Aerospace (NASDAQ:FLY) Shares Down 6.3% – Here’s Why

24 Apr 2026, 20:40 by Sarita Garza · The Markets Daily

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY – Get Free Report) were down 6.3% during trading on Wednesday . The stock traded as low as $39.22 and last traded at $39.4430. Approximately 4,935,993 shares traded hands during trading, an increase of 2% from the average daily volume of 4,860,027 shares. The stock had previously closed at $42.09.

Analyst Ratings Changes

Several analysts recently commented on FLY shares. Wall Street Zen raised shares of Firefly Aerospace from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. UBS Group set a $33.00 price target on shares of Firefly Aerospace in a research report on Thursday, March 12th. The Goldman Sachs Group upped their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday. Jefferies Financial Group upped their price target on shares of Firefly Aerospace from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Roth Mkm upped their price target on shares of Firefly Aerospace from $35.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Get Our Latest Analysis on Firefly Aerospace

Firefly Aerospace Trading Down 8.8%

The stock has a market cap of $5.62 billion and a price-to-earnings ratio of -3.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.51 and a current ratio of 4.51. The company’s 50 day simple moving average is $27.51 and its two-hundred day simple moving average is $25.35.

Firefly Aerospace (NASDAQ:FLY – Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.10. Firefly Aerospace had a negative net margin of 186.63% and a negative return on equity of 234.80%. The firm had revenue of $57.67 million for the quarter. The company’s revenue was up 541.1% on a year-over-year basis. Research analysts expect that Firefly Aerospace, Inc. will post -1.8 EPS for the current fiscal year.

Insider Activity at Firefly Aerospace

In other news, General Counsel David Leigh Wheeler sold 3,766 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.04, for a total transaction of $169,620.64. Following the transaction, the general counsel owned 142,758 shares in the company, valued at $6,429,820.32. This represents a 2.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FLY. BNP Paribas Financial Markets acquired a new position in shares of Firefly Aerospace during the 3rd quarter worth $26,000. CIBC Private Wealth Group LLC acquired a new position in shares of Firefly Aerospace during the 3rd quarter worth $26,000. California State Teachers Retirement System acquired a new position in Firefly Aerospace in the 4th quarter valued at $30,000. NBC Securities Inc. acquired a new position in Firefly Aerospace in the 4th quarter valued at $38,000. Finally, Russell Investments Group Ltd. acquired a new position in Firefly Aerospace in the 4th quarter valued at $38,000.

About Firefly Aerospace

(Get Free Report)

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.