Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Has Average Price Target of $8.75

Shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $8.75.

A number of analysts recently weighed in on MRLN shares. Cantor Fitzgerald decreased their price target on shares of Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, August 14th. Canaccord Genuity Group began coverage on shares of Merlin, Inc. Common Stock in a research note on Friday, September 25th. They issued a “buy” rating and a $7.50 price objective on the stock. Northland Securities started coverage on shares of Merlin, Inc. Common Stock in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 price objective on the stock. Weiss Ratings upgraded shares of Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. Finally, Maxim Group initiated coverage on shares of Merlin, Inc. Common Stock in a research note on Friday, September 18th. They set a “buy” rating and a $7.00 target price for the company.

Merlin, Inc. Common Stock Trading Down 4.1%

Shares of NASDAQ MRLN opened at $0.95 on Wednesday. Merlin, Inc. Common Stock has a twelve month low of $0.74 and a twelve month high of $17.00. The stock has a 50 day moving average of $1.69 and a two-hundred day moving average of $4.87. The stock has a market cap of $96.20 million, a P/E ratio of -0.64 and a beta of 2.30.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($1.12). The firm had revenue of $2.19 million during the quarter. As a group, research analysts predict that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current year.

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.