Armistice Capital LLC has recently announced that it has increased stake in Terran Orbital Corp (NYSE:LLAP) by 13.31%. After grabbing 17.36 million shares, the institutional investor is now in possession of 2.04 million shares of the Industrials Company. The new investment brought the stake of investor firm to 8.93% having worth around $14.07 million. Moreover, The Vanguard Group, Inc. increased its share by 66495.0 to have a control over 3.79 million shares. And Geode Capital Management LLC raised its holdings to 0.33 million shares by acquiring 1.76 million shares or 0.91% of the stake.
Terran Orbital Corp (LLAP) concluded trading on 12/21/23 at a closing price of $1.03, with 5.48 million shares of worth about $5.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.77% during that period and on Thursday the price saw a gain of about 18.51%. Currently the company’s common shares owned by public are about 142.50M shares, out of which, 138.82M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 130 times over the past 12 months. They bought 2,894,371 shares in 35 of the transactions. In 95 selling transactions, insiders dumped 7,441,140 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Terran Orbital Corp Vanguard Total Stock Market ETF is currently holding 2.42 million shares of worth totaling $1.96 million. The company recently came buying 0.0 shares which brought its stake up to 1.24% of the company’s outstanding shares. iShares Russell 2000 ETF bought 1011.0 shares, after which its hold over company’s outstanding shares expand to 1.06%, leaving 2.05 million shares with the mutual fund that have a worth of about $1.66 million. Vanguard Extended Market Index Fu, after buying 1.07 million shares, have now control over 0.55% of the stake in the company. It holds 0.13 million shares of worth $0.86 million.
Terran Orbital Corp (NYSE: LLAP) started trading at $0.98, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 1.0300, or with a gain of 18.51%. Stock saw a price change of 11.94% in past 5 days and over the past one month there was a price change of 34.20%. Year-to-date (YTD), LLAP shares are showing a performance of -34.81% which decreased to -23.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.62 but also hit the highest price of $3.45 during that period. The average intraday trading volume for Terran Orbital Corp shares is 4.26 million. The stock is currently trading 19.06% above its 20-day simple moving average (SMA20), while that difference is up 27.39% for SMA50 and it goes to -20.83% lower than SMA200.
Armistice Capital LLC acquired 17.36 million shares of Terran Orbital Corp having value of about $14.07 million. Data submitted at the U.S SEC by Armistice Capital LLC revealed that the firm now holds 2.04 million shares in the company valued at close to $2100463.55, or have control over 13.31% stake in the company. Terran Orbital Corp (NYSE: LLAP) currently have 142.50M outstanding shares and institutions hold larger chunk of about 46.01% of that. Holding of mutual funds in the company is about 39.54% while other institutional holders and individual stake holders have control over 6.46% and 18.81% of the stake respectively.
The stock has a current market capitalization of $200.29M and its 3Y-monthly beta is at 2.03. It has posted earnings per share of -$0.94 in the same period. It has Quick Ratio of 0.96. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LLAP, volatility over the week remained 9.77% while standing at 12.31% over the month.
Analysts are in expectations that Terran Orbital Corp (LLAP) stock would likely to be making an EPS of -$0.2 in the current quarter, while forecast for next quarter EPS is -$0.17 and it is -$0.48 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.24 which is -$0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 29.64% while it is estimated to increase by 46.54% in next year.
Analysts at 4 brokerage firms have issued recommendations for the Terran Orbital Corp (LLAP)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 4 Wall Street analysts, 4 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on July 28, 2023 offering a Buy rating for the stock and assigned a target price of $5 to it.
