The price of Terran Orbital Corporation (NYSE:LLAP) shares last traded on Wall Street fell -13.29% to $1.24.
Based on available information, 5 analysts follow Terran Orbital Corporation (NYSE:LLAP). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $4.00, we find $7.50. Given the previous closing price of $1.43, this indicates a potential upside of 424.48 percent. LLAP stock price is now -28.65% away from the 50-day moving average and -46.53% away from the 200-day moving average. The market capitalization of the company currently stands at $179.80M.
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Among analysts, 0 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $8.10 as their price target over the next twelve months.
In other news, Beach Point Capital Management, 10% Owner sold 627,200 shares of the company’s stock on Feb 27. The stock was sold for $1,894,144 at an average price of $3.02. Upon completion of the transaction, the 10% Owner now directly owns 779,514 shares in the company, valued at $0.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27, 10% Owner Beach Point Capital Management sold 172,800 shares of the business’s stock. A total of $521,856 was realized by selling the stock at an average price of $3.02. This leaves the insider owning 628,709 shares of the company worth $0.78 million. Insiders disposed of 20,702,826 shares of company stock worth roughly $25.67 million over the past 1 year. A total of 14.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LLAP stock. A new stake in Terran Orbital Corporation shares was purchased by HOOD RIVER CAPITAL MANAGEMENT LLC during the first quarter worth $7,049,000. LYNWOOD CAPITAL MANAGEMENT INC. invested $1,240,000 in shares of LLAP during the first quarter. In the first quarter, FULLER & THALER ASSET MANAGEMENT, INC. acquired a new stake in Terran Orbital Corporation valued at approximately $974,000. VIRTU FINANCIAL LLC acquired a new stake in LLAP for approximately $171,000. SEI INVESTMENTS CO purchased a new stake in LLAP valued at around $137,000 in the second quarter.
A candlestick chart of Terran Orbital Corporation (NYSE: LLAP) showed a price of $1.3500 on Thursday morning. During the past 12 months, Terran Orbital Corporation has had a low of $1.29 and a high of $6.68. The fifty day moving average price for LLAP is $1.7228 and a two-hundred day moving average price translates $2.3030 for the stock.
The latest earnings results from Terran Orbital Corporation (NYSE: LLAP) was released for Mar, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.24, missing analysts’ expectations of -$0.19 by -0.05. This compares to -$0.85 EPS in the same period last year. The company reported revenue of $28.2 million for the quarter, compared to $13.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 114.92 percent. For the current quarter, analysts expect LLAP to generate $36.42M in revenue.
Terran Orbital Corporation(LLAP) Company Profile
Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industry in the United States. It operates through two segments, Satellite Solutions and Earth Observation Solutions. The Satellite Solutions segment offers end-to-end satellite solutions, including spacecraft design, development, launch services, and on-orbit operations for critical missions across a range of applications in various orbits to governmental agencies and commercial businesses. The Earth Observation Solutions segment develops, builds, launches, and operates a constellation of earth observation satellites that has synthetic aperture radar capabilities to provide earth observation data and mission solutions. The company was founded in 2013 and is headquartered in Boca Raton, Florida.
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