Terran Orbital Corp (NYSE: LLAP) Surprises Wall Street With 0.52% Stock Price Gain

Terran Orbital Corp (NYSE:LLAP) has a beta value of 1.96 and has seen 1.46 million shares traded in the recent trading session. The LLAP stock price is -548.0% off its 52-week high price of $1.62 and 8.0% above the 52-week low of $0.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.14 million shares traded. The 3-month trading volume is 6.18 million shares.

The consensus among analysts is that Terran Orbital Corp (LLAP) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.17.

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Terran Orbital Corp (NYSE:LLAP) trade information

Sporting 0.52% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LLAP stock price touched $0.25 or saw a rise of 0.04%. Year-to-date, Terran Orbital Corp shares have moved -78.11%, while the 5-day performance has seen it change 0.93%. Over the past 30 days, the shares of Terran Orbital Corp (NYSE:LLAP) have changed 1.22%. Short interest in the company has seen 7.81 million shares shorted with days to cover at 1.43.

Wall Street analysts have a consensus price target for the stock at $6.5, which means that the shares’ value could jump 96.15% from the levels at last check today. The projected low price target is $5.0 while the price target rests at a high of $8.0. In that case, then, we find that the latest price level in today’s session is -3100.0% off the targeted high while a plunge would see the stock gain -1900.0% from the levels at last check today.

Terran Orbital Corp (LLAP) estimates and forecasts

Figures show that Terran Orbital Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -82.30% over the past 6 months, with this year growth rate of 13.64%, compared to 5.70% for the industry. Revenue growth from the last financial year stood is estimated to be 6.60%.

3 analysts offering their estimates for the company have set an average revenue estimate of 38.41M for the current quarter. 3 have an estimated revenue figure of 48.82M for the next ending quarter. Year-ago sales stood 43.88M and 31.6M respectively for this quarter and the next, and analysts expect sales will shrink by -12.50% for the current quarter and 6.60% for the next.

Earnings growth for 2024 is a modest 22.10% while over the next 5 years, the company’s earnings are expected to increase by 28.00%.

LLAP Dividends

Terran Orbital Corp is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Terran Orbital Corp (NYSE:LLAP)’s Major holders

Insiders own 23.74% of the company shares, while shares held by institutions stand at 36.91% with a share float percentage of 48.40%. Investors are also buoyed by the number of investors in a company, with Terran Orbital Corp having a total of 125.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 9.54 million shares worth more than $7.82 million. As of 2024-06-30, BLACKROCK INC. held 4.737% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 7.48 million shares as of 2024-06-30. The firm’s total holdings are worth over $6.13 million and represent 3.7113% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. As of Aug 31, 2024, the former fund manager holds about 2.01% shares in the company for having 4.11 shares of worth $1.02 million while later fund manager owns 3.97 shares of worth $0.99 million as of Jun 30, 2024, which makes it owner of about 1.94% of company’s outstanding stock.