Terran Orbital Co. (NYSE:LLAP - Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 15,910,000 shares, a growth of 26.5% from the May 31st total of 12,580,000 shares. Based on an average trading volume of 3,500,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 10.5% of the shares of the company are sold short.
Terran Orbital Stock Performance
NYSE LLAP traded up $0.04 during trading hours on Friday, hitting $0.82. The company had a trading volume of 11,964,140 shares, compared to its average volume of 4,581,915. Terran Orbital has a 52 week low of $0.62 and a 52 week high of $1.84. The firm has a 50 day simple moving average of $0.97 and a 200 day simple moving average of $1.04. The firm has a market capitalization of $165.68 million, a price-to-earnings ratio of -1.02 and a beta of 2.08.
Terran Orbital (NYSE:LLAP - Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The business had revenue of $27.24 million during the quarter, compared to analysts' expectations of $41.67 million. During the same quarter in the prior year, the firm posted ($0.31) earnings per share. On average, research analysts forecast that Terran Orbital will post -0.7 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on LLAP. Stifel Nicolaus reiterated a "buy" rating and set a $7.00 price target on shares of Terran Orbital in a research note on Wednesday, May 15th. HC Wainwright restated a "buy" rating and issued a $3.00 target price on shares of Terran Orbital in a research note on Wednesday, May 15th. Finally, B. Riley cut their target price on Terran Orbital from $1.35 to $1.00 and set a "neutral" rating for the company in a research note on Monday, March 4th.
Get Our Latest Analysis on Terran Orbital
Hedge Funds Weigh In On Terran Orbital
A number of large investors have recently bought and sold shares of the stock. Armistice Capital LLC increased its stake in Terran Orbital by 13.3% in the 3rd quarter. Armistice Capital LLC now owns 17,364,285 shares of the company's stock worth $14,454,000 after purchasing an additional 2,039,285 shares during the period. Vanguard Group Inc. grew its position in shares of Terran Orbital by 63.6% in the 1st quarter. Vanguard Group Inc. now owns 7,298,862 shares of the company's stock worth $9,562,000 after buying an additional 2,837,638 shares during the last quarter. Capstone Capital Wealth Advisors bought a new stake in shares of Terran Orbital in the 4th quarter worth approximately $6,677,000. Legacy Capital Group California Inc. bought a new stake in shares of Terran Orbital in the 1st quarter worth approximately $754,000. Finally, Register Financial Advisors LLC boosted its position in shares of Terran Orbital by 16.1% during the fourth quarter. Register Financial Advisors LLC now owns 293,800 shares of the company's stock valued at $335,000 after purchasing an additional 40,800 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.
Terran Orbital Company Profile
(
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Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industries in the United States and internationally. The company offers end-to-end satellite solutions. It engages in the integrated design, manufacture, and assembly of satellites; and management, operation, and provision of information from satellites that are on-orbit on behalf of its customers from its in-house mission operations centers and integrated international ground communications network using its proprietary software both on the satellite and throughout its ground infrastructure.
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