Firefly's a Buy After Doubling Sales in Q3
Firefly Aerospace (NASDAQ: FLY) closed out last week strong, first defying a market mini-crash to gain 17% on Thursday, then adding another 7% Friday -- and rising another couple of percentage points after close of trading. In the space of two trading days, a space stock that had started looking an awful lot like a broken IPO -- down 75% from its high, and trading 60% below even its IPO offer price -- suddenly rebounded to nearly $23 per share.
And earnings were the reason.
Firefly Blue Ghost shadow on the moon. Image source: Firefly Aerospace.
Source Fool.com
