In yesterday’s Wall Street session, Terran Orbital Corp (NYSE:LLAP) shares traded at $1.26, up 5.88% from the previous session.
LLAP stock price is now 27.08% away from the 50-day moving average and 16.66% away from the 200-day moving average. The market capitalization of the company currently stands at $245.02M.
With the price target reduced from $2.50 to $1.35, B. Riley Securities Downgraded its rating from Buy to Neutral for Terran Orbital Corp (NYSE: LLAP). On July 28, 2023, H.C. Wainwright recently initiated its ‘Buy’ rating on the stock quoting a target price of $5, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Siegmann Jonathan, SVP, Corporate Development bought 20,000 shares of the company’s stock on Jun 23 ’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 $25200.0. A total of 25.45% of the company’s stock is owned by insiders.
During the past 12 months, Terran Orbital Corp has had a low of $0.62 and a high of $2.04. The fifty day moving average price for LLAP is $0.9996 and a two-hundred day moving average price translates $1.0793 for the stock.
The latest earnings results from Terran Orbital Corp (NYSE: LLAP) was released for Sep, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.15, beating analysts’ expectations of -$0.19 by 0.04. This compares to -$0.19 EPS in the same period last year. The net profit margin was -104.22% and return on equity was -145.73% for LLAP. The company reported revenue of $43.88 million for the quarter, compared to $27.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 57.69 percent. For the current quarter, analysts expect LLAP to generate $32.81M in revenue.
