Terran Orbital (NYSE:LLAP) Rating Reiterated by HC Wainwright

Terran Orbital (NYSE:LLAPGet Free Report)‘s stock had its “buy” rating reiterated by HC Wainwright in a note issued to investors on Wednesday, Benzinga reports. They presently have a $3.00 price objective on the stock. HC Wainwright’s target price would indicate a potential upside of 204.23% from the stock’s current price.

A number of other brokerages have also recently weighed in on LLAP. Stifel Nicolaus restated a “buy” rating and issued a $7.00 price target on shares of Terran Orbital in a research report on Wednesday. B. Riley lowered their target price on shares of Terran Orbital from $1.35 to $1.00 and set a “neutral” rating for the company in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.07.

Check Out Our Latest Stock Analysis on Terran Orbital

Terran Orbital Price Performance

Shares of Terran Orbital stock traded up $0.09 during trading on Wednesday, hitting $0.99. 3,981,161 shares of the stock were exchanged, compared to its average volume of 3,477,015. Terran Orbital has a 12-month low of $0.62 and a 12-month high of $1.84. The stock has a market cap of $198.47 million, a price-to-earnings ratio of -1.04 and a beta of 2.24. The firm’s 50-day moving average price is $1.25 and its 200 day moving average price is $1.03.

Terran Orbital (NYSE:LLAPGet Free Report) last announced its earnings results on Tuesday, May 14th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09). The firm had revenue of $27.24 million for the quarter, compared to analyst estimates of $41.67 million. During the same quarter last year, the firm earned ($0.31) earnings per share. As a group, research analysts forecast that Terran Orbital will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On Terran Orbital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Simplicity Wealth LLC acquired a new stake in Terran Orbital in the first quarter worth about $34,000. SG Americas Securities LLC bought a new stake in Terran Orbital in the third quarter worth about $35,000. Quadrature Capital Ltd bought a new position in shares of Terran Orbital during the 4th quarter valued at about $36,000. Van ECK Associates Corp grew its stake in shares of Terran Orbital by 32.8% in the 3rd quarter. Van ECK Associates Corp now owns 57,621 shares of the company’s stock worth $48,000 after purchasing an additional 14,242 shares during the last quarter. Finally, Fifth Lane Capital LP bought a new position in shares of Terran Orbital in the first quarter valued at $80,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

About Terran Orbital

(Get Free Report)

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industries in the United States and internationally. The company offers end-to-end satellite solutions. It engages in the integrated design, manufacture, and assembly of satellites; and management, operation, and provision of information from satellites that are on-orbit on behalf of its customers from its in-house mission operations centers and integrated international ground communications network using its proprietary software both on the satellite and throughout its ground infrastructure.

Further Reading

Analyst Recommendations for Terran Orbital (NYSE:LLAP)

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