In the last trading session, 2.42 million Terran Orbital Corp (NYSE:LLAP) shares changed hands as the company’s beta touched 1.97. With the company’s per share price at $0.74 changed hands at $0.0 or 1.14% during last session, the market valuation stood at $144.56M. LLAP’s last price was a discount, traded about -366.22% off its 52-week high of $3.45. The share price had its 52-week low at $0.62, which suggests the last value was 16.22% up since then. When we look at Terran Orbital Corp’s average trading volume, we note the 10-day average is 2.59 million shares, with the 3-month average coming to 3.81 million.
Analysts gave the Terran Orbital Corp (LLAP) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended LLAP as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Terran Orbital Corp’s EPS for the current quarter is expected to be -$0.14.
Terran Orbital Corp (NYSE:LLAP) trade information
Instantly LLAP was in green as seen at the end of in last trading. With action -0.42%, the performance over the past five days has been red. The jump to weekly highs of 0.8055 on Friday, 11/17/23 added 1.14% to the stock’s daily price. The company’s shares are showing year-to-date downside of -52.95%, with the 5-day performance at -0.42% in the red. However, in the 30-day time frame, Terran Orbital Corp (NYSE:LLAP) is 11.55% up. Looking at the short shares, we see there were 7.72 million shares sold at short interest cover period of 1.51 days.
The consensus price target for the stock as assigned by Wall Street analysts is $3.82, meaning bulls need an upside of 80.63% from its current market value. According to analyst projections, LLAP’s forecast low is $1.60 with $7.00 as the target high. To hit the forecast high, the stock’s price needs a -845.95% plunge from its current level, while the stock would need to soar -116.22% for it to hit the projected low.
Terran Orbital Corp (LLAP) estimates and forecasts
Data shows that the Terran Orbital Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -50.44% over the past 6 months, a 33.58% in annual growth rate that is considerably higher than the industry average of 8.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Terran Orbital Corp will rise 46.20%, while the growth in revenue is estimated to hit 68.40% for the next quarter. Year-over-year growth is forecast to reach 121.30% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $99.88 million. 3 analysts are of the opinion that Terran Orbital Corp’s revenue for the quarter ending Mar 2024 will be $76.35 million. The company’s revenue for the corresponding quarters a year ago was $31.92 million and $28.2 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 212.90%. The estimates for the next quarter sales put growth at 170.80%.
The 2023 estimates are for Terran Orbital Corp earnings to increase by 29.65%, but the outlook for the next 5-year period is at 28.00% per year.
Terran Orbital Corp is expected to release its next quarterly earnings report in December.
Terran Orbital Corp (NYSE:LLAP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 34.37% of Terran Orbital Corp shares while 46.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 70.55%. There are 46.30% institutions holding the Terran Orbital Corp stock share, with Armistice Capital, LLC the top institutional holder. As of Sep 29, 2023, the company held 10.07% of the shares, roughly 17.36 million LLAP shares worth $12.91 million.
Lockheed Martin Corp. holds the second largest percentage of outstanding shares, with 7.82% or 13.48 million shares worth $10.02 million as of Sep 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 2.42 million shares estimated at $1.8 million under it, the former controlled 1.40% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.13% of the shares, roughly 1.95 million shares worth around $1.45 million.