The stock of Terran Orbital Corporation (NYSE:LLAP) last traded at $1.34, down -4.96% from the previous session.
Data from the available sources indicates that Terran Orbital Corporation (NYSE:LLAP) is covered by 6 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $1.35, we find $7.25. Given the previous closing price of $1.41, this indicates a potential upside of 414.18 percent. LLAP stock price is now -7.76% away from the 50-day moving average and -28.36% away from the 200-day moving average. The market capitalization of the company currently stands at $199.45M.
In total, 0 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $6.98 as their price target over the next twelve months.
With the price target reduced from $7 to $1.35, BofA Securities Downgraded its rating from Buy to Underperform for Terran Orbital Corporation (NYSE: LLAP).
In other news, Siegmann Jonathan, SVP, Corporate Development bought 20,000 shares of the company’s stock on Jun 23. The stock was bought for $25,400 at an average price of $1.27. Upon completion of the transaction, the SVP, Corporate Development now directly owns 20,000 shares in the company, valued at $26800.0. 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 627,200 shares of the business’s stock. A total of $1,894,144 was realized by selling the stock at an average price of $3.02. This leaves the insider owning 779,514 shares of the company worth $1.04 million. Insiders disposed of 9,710,910 shares of company stock worth roughly $13.01 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 $7,617,000. LYNWOOD CAPITAL MANAGEMENT INC. invested $1,340,000 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 $1,053,000. SEI INVESTMENTS CO acquired a new stake in LLAP for approximately $148,000. WELLS FARGO & COMPANY/MN purchased a new stake in LLAP valued at around $105,000 in the second quarter. In total, there are 116 active investors with 41.30% ownership of the company’s stock.
With an opening price of $1.4400 on Thursday morning, Terran Orbital Corporation (NYSE: LLAP) set off the trading day. During the past 12 months, Terran Orbital Corporation has had a low of $1.11 and a high of $4.68. The fifty day moving average price for LLAP is $1.4488 and a two-hundred day moving average price translates $1.8673 for the stock.
The latest earnings results from Terran Orbital Corporation (NYSE: LLAP) was released for Mar, 2023. 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.
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.
