Armistice Capital LLC recently announced the acquisition of new stake in Terran Orbital Corp (NYSE:LLAP). The institutional investor has increased its shareholding in the Industrials company by 13.31% to 17.36 million shares with purchase of 2.04 million shares. This fresh investment now brings its stake to 8.93% valued currently at $14.07 million. In addition, The Vanguard Group, Inc. raised its holdings by 66495.0 to 3.79 million shares. And Geode Capital Management LLC has lifted its position by 23.34% or 0.33 million shares – to 1.76 million shares.
With over 17.64 million Terran Orbital Corp (LLAP) shares trading Monday and a closing price of $0.90 on the day, the dollar volume was approximately $15.88 million. The shares have shown a negative half year performance of -48.65% and its price on 01/08/24 lost nearly -20.73%. Currently, there are 142.50M common shares owned by the public and among those 138.82M shares have been available to trade.
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Insiders at the company have transacted a total of 102 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 35 of these insider trades were purchases, accounting for 2,894,371 shares. Insider sales of the common stock occurred on 67 occasions, with total insider shares sold totaling 6,887,928 shares.
The top 3 mutual fund holders in Terran Orbital Corp are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market ETF owns 2.42 million shares of the company’s stock, all valued at over $1.96 million. iShares Russell 2000 ETF bought 1011.0 shares to see its total holdings expand to 2.05 million shares valued at over $1.66 million and representing 1.06% of the shares outstanding. Vanguard Extended Market Index Fu bought 0.13 million shares to bring its total holdings to over 1.07 million shares at a value of $0.86 million. Vanguard Extended Market Index Fu now owns shares totaling to 0.55% of the shares outstanding.
Shares of Terran Orbital Corp (NYSE: LLAP) opened at $1.07, down -$0.07 from a prior closing price of $1.14. The company’s stock has a 5-day price change of -20.73% and 15.58% over the past three months. LLAP shares are trading -20.73% year to date (YTD), with the 12-month market performance down to -32.05% lower. It has a 12-month low price of $0.62 and touched a high of $3.45 over the same period. LLAP has an average intraday trading volume of 3.98 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.82%, 0.32%, and -28.30% respectively.
Institutional ownership of Terran Orbital Corp (NYSE: LLAP) shares accounts for 46.01% of the company’s 142.50M shares outstanding. Mutual fund holders own 39.64%, while other institutional holders and individual stakeholders account for 6.43% and 18.81% respectively.
It has a market capitalization of $175.73M and a beta (3y monthly) value of 2.16. The earnings-per-share (ttm) stands at -$0.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.98% over the week and 15.38% over the month.
Analysts forecast that Terran Orbital Corp (LLAP) will achieve an EPS of -$0.2 for the current quarter, -$0.17 for the next quarter and -$0.48 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.24 while analysts give the company a high EPS estimate of -$0.17. Comparatively, EPS for the current quarter was -$0.26 a year ago. Earnings per share for the fiscal year are expected to increase by 33.79%, and 46.02% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Terran Orbital Corp (LLAP) as a “Strong Buy” at a consensus score of 1.50. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 1 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the LLAP, a number of firms have released research notes about the stock. B. Riley Securities stated their Neutral rating for the stock in a research note on Jan-09-24, with the firm’s price target at $2.50-$1.35.
