In a recent development, satellite products manufacturer Terran Orbital experienced a downgrade from B Riley, shifting its rating from “buy” to “neutral.” This adjustment was part of a comprehensive research report disseminated to clients and investors on Monday, as per Marketbeat Ratings. Notably, B. Riley revised the stock’s price target to $1.35, down from the previous target of $2.50. Despite the downgrade, B. Riley’s new price target suggests an 18.42% potential upside from the company’s latest closing price.
Adding to the mix, HC Wainwright also made adjustments to Terran Orbital’s valuation, reducing its price target from $5.00 to $3.00. Simultaneously, they maintained a “buy” rating for the stock in a research note published on Wednesday, November 15th.
The overall sentiment among equities research analysts varies, with one analyst assigning a sell rating, another suggesting a hold rating, and three advocating a buy rating for Terran Orbital. According to MarketBeat, the general consensus rates the stock as “Hold,” with an average price target of $5.45. On the contrary, MarketWatch reports an average rating of “Over.”
Terran Orbital commenced trading on Monday morning at $1.07, a notable drop from its Friday closing price of $1.14.
At the time of this publication, Terran Orbital Corp stock (LLAP) has witnessed a decline.
Terran Orbital Corp
Current Price: $0.91
Change : -0.23
Change (%): (-19.85%)
Volume: 15.1M
Source: Tomorrow Events Market Data
Examining the stock’s recent performance reveals fluctuations over different time frames:
– 5 Day: -19.96%
– 1 Month: 25.90%
– 3 Month: 16.88%
– YTD: -19.96%
– 1 Year: -38.77%
Delving into the financials, Terran Orbital announced its quarterly earnings results on Tuesday, November 14th. The company reported earnings per share (EPS) of ($0.15) for the quarter, surpassing the consensus estimate of ($0.19) by $0.04. However, the company’s revenue for the quarter stood at $43.89 million, falling short of analyst estimates, which projected $51.26 million in revenue.
Analysts in the equities market are forecasting that Terran Orbital will post a negative EPS of -0.88 for the current fiscal year. This negative outlook reflects the challenges and uncertainties faced by the company, prompting analysts to revise their ratings and price targets.
Investors and stakeholders are currently vigilant, closely observing the company’s strategic decisions and financial results. The recent alterations in ratings and modifications in price targets indicate a discernible shift in market sentiment surrounding Terran Orbital, prompting heightened scrutiny from the investment community. The stock’s future trajectory will likely be influenced by how the company addresses these challenges and navigates the evolving market dynamics in the space industry.
