Terran Orbital Corporation (LLAP) is looking forward to a strong quarter

Terran Orbital Corporation (NYSE: LLAP) stock jumped 6.42% on Monday to $1.99 against a previous-day closing price of $1.87. With 1.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.15 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $2.0600 whereas the lowest price it dropped to was $1.8300. The 52-week range on LLAP shows that it touched its highest point at $12.69 and its lowest point at $1.29 during that stretch. It currently has a 1-year price target of $11.86.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LLAP was up-trending over the past week, with a rise of 7.57%, but this was up by 47.41% over a month. Three-month performance dropped to -18.11% while six-month performance fell -55.38%. The stock lost -79.86% in the past year, while it has gained 25.95% so far this year. A look at the trailing 12-month EPS for LLAP yields -22.77 with Next year EPS estimates of -0.59.

Float and Shares Shorts:

At present, 143.28 million LLAP shares are outstanding with a float of 75.89 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.2 million, which was 1.59% higher than short shares on Sep 14, 2022. In addition to Mr. Marc H. Bell as the firm’s Co-Founder, Chairman & CEO, Dr. Marco Villa serves as its Chief Revenue Officer & Exec. VP.

Institutional Ownership:

Through their ownership of 41.58% of LLAP’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.86% of LLAP, in contrast to 34.49% held by mutual funds. Shares owned by individuals account for 27.40%. As the largest shareholder in LLAP with 14.08% of the stake, Beach Point Capital Management LP holds 20,040,311 shares worth 20,040,311. A second-largest stockholder of LLAP, Lockheed Martin Investment Manage, holds 13,206,007 shares, controlling over 9.28% of the firm’s shares. Blue Barn Wealth LLC is the third largest shareholder in LLAP, holding 7,338,227 shares or 5.15% stake. With a 1.70% stake in LLAP, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,419,100 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 0.57% of LLAP stock, is the second-largest Mutual Fund holder. It holds 813,707 shares valued at 1.29 million. Vanguard Extended Market Index Fu holds 0.55% of the stake in LLAP, owning 780,931 shares worth 1.23 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LLAP since 6 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LLAP analysts setting a high price target of $15.00 and a low target of $6.00, the average target price over the next 12 months is $9.33. Based on these targets, LLAP could surge 653.77% to reach the target high and rise by 201.51% to reach the target low. Reaching the average price target will result in a growth of 368.84% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LLAP will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$0.92 being high and -$1.88 being low. For LLAP, this leads to a yearly average estimate of -$1.28. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Terran Orbital Corporation surprised analysts by $0.01 when it reported -$0.19 EPS against a consensus estimate of -$0.20. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.14 and the low estimate is -$0.31. The average estimate for the next quarter is thus -$0.23.

Summary of Insider Activity:

Insiders traded LLAP stock several times over the past three months with 3 Buys and 125 Sells. In these transactions, 77,196 shares were bought while 2,142,282 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 330 over the past year. The total number of shares bought during that period was 20,897,832 while 14,324,233 shares were sold.

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