Merlin, Inc. Common Stock (NASDAQ:MRLN) Receives Consensus Rating of “Moderate Buy” from Analysts

Merlin, Inc. Common Stock (NASDAQ:MRLN) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $12.3333.

A number of analysts have recently commented on the company. Cantor Fitzgerald started coverage on Merlin, Inc. Common Stock in a research note on Thursday. They issued an “overweight” rating and a $11.00 target price on the stock. Roth Capital began coverage on shares of Merlin, Inc. Common Stock in a research note on Tuesday, April 14th. They set a “buy” rating and a $15.00 target price on the stock. Weiss Ratings raised Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, June 9th. Wall Street Zen downgraded Merlin, Inc. Common Stock to a “strong sell” rating in a research note on Saturday, May 23rd. Finally, TD Cowen raised shares of Merlin, Inc. Common Stock to a “strong-buy” rating in a report on Thursday, June 4th.

Merlin, Inc. Common Stock Price Performance

Shares of Merlin, Inc. Common Stock stock traded up $0.01 on Thursday, reaching $4.30. 364,406 shares of the stock were exchanged, compared to its average volume of 1,533,337. Merlin, Inc. Common Stock has a twelve month low of $4.20 and a twelve month high of $17.00. The company has a 50 day simple moving average of $7.00. The company has a market capitalization of $415.04 million, a price-to-earnings ratio of -11.62 and a beta of 1.70.

Merlin, Inc. Common Stock Company Profile

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.