Terran Orbital Corporation (NYSE: LLAP) stock fell -2.74% on Monday to $1.42 against a previous-day closing price of $1.46. With 1.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.55 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $1.4900 whereas the lowest price it dropped to was $1.4100. The 52-week range on LLAP shows that it touched its highest point at $3.83 and its lowest point at $1.08 during that stretch. It currently has a 1-year price target of $6.03. Beta for the stock currently stands at 1.98.
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 1.43%, but this was up by 14.52% over a month. Three-month performance surged to 5.19% while six-month performance fell -18.86%. The stock lost -62.83% in the past year, while it has lost -10.13% so far this year. A look at the trailing 12-month EPS for LLAP yields -0.98 with Next year EPS estimates of -0.46. For the next quarter, that number is -0.19. This implies an EPS growth rate of -26.80% for this year and 47.10% for next year.
Float and Shares Shorts:
At present, 156.50 million LLAP shares are outstanding with a float of 117.67 million shares on hand for trading. On Aug 30, 2023, short shares totaled 6.66 million, which was 3.86% higher than short shares on Jul 30, 2023. In addition to Mr. Marc H. Bell as the firm’s Co-Founder, Chairman & CEO, Mr. Gary A. Hobart serves as its CFO & Exec. VP.
Through their ownership of 46.30% of LLAP’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.06% of LLAP, in contrast to 35.90% held by mutual funds. Shares owned by individuals account for 20.55%. As the largest shareholder in LLAP with 8.89% of the stake, Armistice Capital LLC holds 15,325,000 shares worth 15,325,000. A second-largest stockholder of LLAP, Lockheed Martin Investment Manage, holds 13,481,857 shares, controlling over 7.82% of the firm’s shares. Beach Point Capital Management LP is the third largest shareholder in LLAP, holding 10,024,703 shares or 5.82% stake. With a 1.40% stake in LLAP, the Vanguard Total Stock Market ETF 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 1.19% of LLAP stock, is the second-largest Mutual Fund holder. It holds 2,054,273 shares valued at 2.51 million. Vanguard Extended Market Index Fu holds 0.51% of the stake in LLAP, owning 872,870 shares worth 1.06 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, LLAP reported revenue of $21.36M and operating income of -$33.04M. The EBITDA in the recently reported quarter was -$33.51M and diluted EPS was -$0.23.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LLAP since 0 analysts follow the stock currently. 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 $12.00 and a low target of $1.15, the average target price over the next 12 months is $5.59. Based on these targets, LLAP could surge 745.07% to reach the target high and fall by -19.01% to reach the target low. Reaching the average price target will result in a growth of 293.66% 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.
Summary of Insider Activity:
Insiders traded LLAP stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 54,481 shares were bought while 0 shares were sold. The number of buy transactions has increased to 36 while that of sell transactions has risen to 206 over the past year. The total number of shares bought during that period was 3,564,323 while 9,401,998 shares were sold.