Blue Barn Wealth LLC has recently announced that it has increased stake in Terran Orbital Corporation (NYSE:LLAP) by 5,220.45%. After grabbing 7.34 million shares, the institutional investor is now in possession of 7.2 million shares of the Industrials Company. The new investment brought the stake of investor firm to 5.32% having worth around $19.23 million. Moreover, Millennium Management LLC increased its share by 0.95 million to have a control over 0.95 million shares. And Bank of America, NA raised its holdings to 0.86 million shares by acquiring 0.86 million shares or 0.63% of the stake.
Terran Orbital Corporation (LLAP) concluded trading on 11/23/22 at a closing price of $2.64, with 0.46 million shares of worth about $1.22 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -44.30% during that period and on Wednesday the price saw a gain of about 3.94%. Currently the company’s common shares owned by public are about 142.38M shares, out of which, 75.89M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 236 times over the past 12 months. They bought 10,448,519 shares in 11 of the transactions. In 225 selling transactions, insiders dumped 2,228,529 shares.
Vanguard Extended Market Index Fu, iShares Russell 2000 ETF, and Royce Small-Cap Opportunity Fund are the top 3 mutual funds which are holding stakes in Terran Orbital Corporation Vanguard Extended Market Index Fu is currently holding 0.78 million shares of worth totaling $2.05 million. The company recently came buying 0.0 shares which brought its stake up to 0.57% of the company’s outstanding shares. iShares Russell 2000 ETF sold 8560.0 shares, after which its hold over company’s outstanding shares shrunk to 0.33%, leaving 0.46 million shares with the mutual fund that have a worth of about $1.21 million. Royce Small-Cap Opportunity Fund, after buying 0.35 million shares, have now control over 0.25% of the stake in the company. It holds 0.35 million shares of worth $0.92 million.
However, the stock later moved at a day high price of 2.6650, or with a gain of 3.94%. Stock saw a price change of -1.12% in past 5 days and over the past one month there was a price change of 6.88%. Year-to-date (YTD), LLAP shares are showing a performance of -73.31% which decreased to -73.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.69 but also hit the highest price of $12.69 during that period. The average intraday trading volume for Terran Orbital Corporation shares is 1.00 million. The stock is currently trading -0.41% below its 20-day simple moving average (SMA20), while that difference is up 3.32% for SMA50 and it goes to -48.48% lower than SMA200.
Blue Barn Wealth LLC acquired 7.34 million shares of Terran Orbital Corporation having value of about $19.23 million. Data submitted at the U.S SEC by Blue Barn Wealth LLC revealed that the firm now holds 7.2 million shares in the company valued at close to $19008797.28, or have control over 5,220.45% stake in the company. Terran Orbital Corporation (NYSE: LLAP) currently have 142.38M outstanding shares and institutions hold larger chunk of about 41.20% of that. Holding of mutual funds in the company is about 29.22% while other institutional holders and individual stake holders have control over 33.63% and 2.71% of the stake respectively.
The stock has a current market capitalization of $374.46M. It has posted earnings per share of -$22.77 in the same period. It has Quick Ratio of 1.20. 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 5.01% while standing at 9.55% over the month.
Analysts are in expectations that Terran Orbital Corporation (LLAP) stock would likely to be making an EPS of -$0.22 in the current quarter, while forecast for next quarter EPS is -$0.22 and it is -$0.62 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.28 which is -$0.17 at the higher side of the target for the same.
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 B. Riley Securities on September 12, 2022 offering a Buy rating for the stock and assigned a target price of $10 to it. Coverage by Stifel stated Terran Orbital Corporation (LLAP) stock as a Buy in their note to investors on August 15, 2022, suggesting a price target of $8 for the stock.