The stock of Terran Orbital Corporation (NYSE:LLAP) decreased by -$0.28 on Tuesday to finish at $1.14, down -19.72 percent. The last five days have seen an average of 3,882,380 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$0.4400. The average number of shares traded over the last 20 days was 2,476,365, while the average volume over the last 50 days totaled 2,391,148.
LLAP stock dropped -8.06% since last month. On 08/25/23, the company’s shares reached a one-month low of $1.1000. The stock touched a high of $3.72 on 02/22/23, after rallying from a low of $1.08 in 52 weeks. The price of LLAP stock has declined by -27.85% or -$0.4400 this year, reaching a new high 8 times. Still, the stock price is down -69.32% from the 52-week high.
Insider Transactions
LLAP stock investors should be aware that Terran Orbital Corporation (LLAP) stock had its last reported insider trading activity 89 days ago on Jun 23. On Jun 23, SVP, Corporate Development Siegmann Jonathan acquired 20,000 shares at $1.27 each. This transaction resulted in the insider spending $25,400. On Feb 27, Beach Point Capital Management sold 627,200 shares at a price of US$3.02. After the transaction, the insider now owns 779,514 shares. 10% Owner Beach Point Capital Management had earlier sold 172,800 shares on Feb 27 for $3.02 a share. The transaction was completed for $521,856.
Financial Health
For the three months ended June 29, Terran Orbital Corporation’s quick ratio was 1.00, while its current ratio was 1.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is -9.40% percent. Based on annual data, it had gross profit of -$17.26 million and revenue of $94.24 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LLAP’s return on assets (ROA) during the last 12 months has been -88.10%. There was a -299.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 136.10%.
Earnings Surprise
According to Terran Orbital Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $31.8 million, while revenues rose by 61.73% to $27.6 million. It was predicted that Terran Orbital Corporation’s quarterly earnings would be -$0.18, but it ended up being -$0.21, beating the consensus by 14.30%. EBITDA was -$25.84 million for the quarter. At the end of Terran Orbital Corporation’s most recent quarter ended June 29, its liabilities totaled 284.68 million, while its total debt was $188.64 million. Equity owned by shareholders amounts to $172.38 million.
Technical Picture
Here’s a quick look at Terran Orbital Corporation’s (LLAP) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 34.93%, suggesting the stock is Neutral, with a 140.55% historical volatility rate.
The stochastic %K and %D were 44.77% and 68.22% respectively, while the average true range (ATR) was 0.1235. Based on the 14-day stochastic reading of 2.22%, the RSI (14) reading is 39.26%. On the 9-day MACD Oscillator, the stock is at -0.0278, and the 14-day reading is at 0.0300.
Analyst Ratings
In its analyst report released on July 28, 2023, H.C. Wainwright began covering Terran Orbital Corporation (NYSE: LLAP). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Terran Orbital Corporation (LLAP) an Buy rating. LLAP is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is LLAP’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.15 and $12.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for Terran Orbital Corporation (LLAP) is $5.59.
