Firefly Aerospace Is Skyrocketing Today -- Is the Stock a Buy Right Now?

Firefly Aerospace (NASDAQ: FLY) stock is soaring higher in Thursday's trading. The space-tech company's share price was up 18.2% as of 1 p.m. ET and had been up as much as 32.3% earlier in the session.Firefly posted its Q3 results after yesterday's market close, and investors are reacting positively to the print. While the company's per-share loss of $1.50 in the period came in $1.07 higher than called for by the average Wall Street analyst estimate, sales of $30.77 million beat the average forecast by roughly $3.1 million. Despite the big valuation gain in today's trading, the company's share price is still down 52% from where it stood at market close on the day of its August initial public offering (IPO).Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool