Why To Invest In Terran Orbital Corp (NYSE: LLAP) Stock?

In the latest trading session, 4.53 million Terran Orbital Corp (NYSE:LLAP) shares changed hands as the company’s beta touched 1.96. With the company’s most recent per share price at $0.25 changing hands around $0.0 or -0.76% at last look, the market valuation stands at $50.64M. LLAP’s current price is a discount, trading about -548.0% off its 52-week high of $1.62. The share price had its 52-week low at $0.23, which suggests the last value was 8.0% up since then. When we look at Terran Orbital Corp’s average trading volume, we note the 10-day average is 4.62 million shares, with the 3-month average coming to 6.10 million.

Analysts gave the Terran Orbital Corp (LLAP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 4 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, 4 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 -0.17.

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Terran Orbital Corp (NYSE:LLAP) trade information

Instantly LLAP was in red as seen in intraday trades today. With action -0.40%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -78.32%, with the 5-day performance at -0.40% in the red. However, in the 30-day time frame, Terran Orbital Corp (NYSE:LLAP) is 1.10% up. Looking at the short shares, we see there were 7.81 million shares sold at short interest cover period of 1.43 days.

The consensus price target for the stock as assigned by Wall Street analysts is 6.5, meaning bulls need an upside of 96.15% from its recent market value. According to analyst projections, LLAP’s forecast low is 5 with 8 as the target high. To hit the forecast high, the stock’s price needs a -3100.0% plunge from its current level, while the stock would need to soar -1900.0% 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 -80.98% over the past 6 months, a 13.64% in annual growth rate that is considerably higher than the industry average of 5.20%. Year-over-year growth is forecast to reach 6.60% up from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 38.41M. 3 analysts are of the opinion that Terran Orbital Corp’s revenue for the current quarter will be 48.82M. The company’s revenue for the corresponding quarters a year ago was 43.88M and 31.6M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -12.50%. The estimates for the next quarter sales put growth at 54.50%.

The 2024 estimates are for Terran Orbital Corp earnings to increase by 22.10%, but the outlook for the next 5-year period is at 28.00% per year.

LLAP Dividends

Terran Orbital Corp is expected to release its next quarterly earnings report on 2024-Nov-12.

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

If we look at who the major shareholders are, we find that insiders hold 23.74% of Terran Orbital Corp shares while 36.63% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 48.04%. There are 36.63% institutions holding the Terran Orbital Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 4.737% of the shares, roughly 9.54 million LLAP shares worth $7.82 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.7113% or 7.48 million shares worth $6.13 million as of 2024-06-30.