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Firefly Aerospace Inc. (FLY) Stock Analysis

Range Bound setup

SellHigh Confidence

Industrials · Aerospace & Defense

Earnings in 4 days (2026-05-04). Expect elevated volatility around the report — consider waiting for post-earnings price action before new entries.

Sell if holding. Engine safety override at $34.86: Quality below floor (2.2 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 3.8/10. Specifically: Elevated put/call ratio: 1.32; Below-average business quality; Rich valuation.

Firefly Aerospace provides launch vehicles (Alpha, Eclipse) and spacecraft solutions (Blue Ghost lander, Elytra) augmented by SciTec software and sensor capabilities to national security, government, and commercial customers. Revenue is highly concentrated; the company completed... Read more

$34.86+4.2% A.UpsideScore 3.8/10#45 of 46 Aerospace & Defense
Stop $32.50Target $36.42(analyst − 13%)A.R:R 0.3:1
Analyst target$41.86+20.1%7 analysts
$36.42our TP
$34.86price
$41.86mean
$28
$65

Sell if holding. Engine safety override at $34.86: Quality below floor (2.2 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 3.8/10. Specifically: Elevated put/call ratio: 1.32; Below-average business quality; Rich valuation. Chart setup: RSI 44 mid-range, Bollinger mid-band. Score 3.8/10, high confidence.

Passes 4/7 gates (clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and earnings proximity 4d<=7d. Suitability: moderate.

Thesis

Rewards
No bull case signals
Risks
Concentration risk — Customer: top five customers (86.0%)
Quality below floor (2.2 < 4.0)

Key Metrics

P/E (TTM)
P/E (Fwd)-30.3
Mkt Cap$5.4B
EV/EBITDA-24.0
Profit Mgn-208.9%
ROE-56.5%
Rev Growth538.4%
Beta
DividendNone
Rating analysts12

Quality Signals

Piotroski F4/9

Options Flow

P/C1.32bearish
IV131%elevated

Concentration Risks(10-K Item 1A)

  • HIGHCustomertop five customers86%
    10-K Item 1A: 'our top five customers together accounted for over 86% of our revenue'

Material Events(8-K, last 90d)

  • 2026-04-21Item 5.02LOW
    Firefly entered confirmatory employment letters with executives Jason Kim, Darren Ma, and Ramon Sanchez on April 16, 2026 with updated salary/bonus terms. Board also approved amendments to Executive Severance Plan.
    SEC filing →
  • 2026-03-03Item 5.02LOW
    On February 25, 2026, Firefly's Compensation Committee adopted the Executive Severance Plan providing a standardized severance framework for eligible officers. No officer departure reported.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

5 floor-breakers

Momentum below the gate floor. Component breakdown shows what dragged the score down.static

Macd
0.0
Volume
0.0
Obv
1.0
Rsi
4.5
Ma Position
4.5
Volume distribution (falling OBV)

Unprofitable operations — net margin -208.9%. Quality floor flags this regardless of sector context.static

Roe
0.0
Roa
0.0
Gross Margin
0.0
Operating Margin
0.0
Fcf Quality
0.0
Piotroski F
4.4
Moat
5.0
Current Ratio
8.5
Cash-burning: FCF -91% of revenueNo competitive moatQuality concerns

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Quality Rank
0.3
Value Rank
0.7
Growth Rank
10.0
Industry growth leader

No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static

Surprise Avg
0.0
Earnings History
1.1
Erm
5.0
Earnings Timing
5.0
Earnings concerns: 1B/2MEarnings in 4 days

Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static

Ps
0.0
Analyst Target
5.0
Expensive valuation
Low model confidence on this dimension (33%).
GatesMomentum 2.0<4.5A.R:R 0.3 < 1.5@spotEARNINGS PROXIMITY 4d<=7dInsider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTSEMI CYCLE PEAK CLEARRange BoundSuitability: Moderate
RSI
44 · Neutral
20D MA 50D MA 200D MASupport $27.42Resistance $46.30

Price Targets

$33
$36
A.Upside+4.5%
A.R:R0.3:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Quality below floor (2.2 < 4.0)
! Momentum score 2.0/10 — below 4.5 minimum
! Reward/Risk 0.3:1 at current price — below 1.5:1 minimum

Earnings

B
M
M
M
1/4 beats
Next Earnings2026-05-04 (4d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is FLY stock a buy right now?

Sell if holding. Engine safety override at $34.86: Quality below floor (2.2 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 3.8/10. Specifically: Elevated put/call ratio: 1.32; Below-average business quality; Rich valuation. Chart setup: RSI 44 mid-range, Bollinger mid-band. Prior stop was $32.50. Score 3.8/10, high confidence.

What is the FLY stock price target?

Take-profit target: $36.42 (+4.2% upside). Prior stop was $32.50. Stop-loss: $32.50.

What are the risks of investing in FLY?

Concentration risk — Customer: top five customers (86.0%); Quality below floor (2.2 < 4.0).

Is FLY overvalued or undervalued?

Firefly Aerospace Inc. trades at a P/E of N/A (forward -30.3). TrendMatrix value score: 3.0/10. Verdict: Sell.

What do analysts say about FLY?

12 analysts cover FLY with a consensus score of 3.8/5. Average price target: $42.

What does Firefly Aerospace Inc. do?Firefly Aerospace provides launch vehicles (Alpha, Eclipse) and spacecraft solutions (Blue Ghost lander, Elytra)...

Firefly Aerospace provides launch vehicles (Alpha, Eclipse) and spacecraft solutions (Blue Ghost lander, Elytra) augmented by SciTec software and sensor capabilities to national security, government, and commercial customers. Revenue is highly concentrated; the company completed its IPO in August 2025 and reported net losses of $298.3M for fiscal 2025.

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