Following these proceedings, H.C. Wainwright downgraded its Terran Orbital Corp [LLAP] rating to a Neutral from a a Buy in a research note published on August 19, 2024; the price target was decreased to $0.25 from $3. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. H.C. Wainwright began covering LLAP with “Buy” recommendation on July 28, 2023. BofA Securities revised its rating on May 26, 2023. It rated LLAP as “an Underperform” which previously was an “a Buy”.
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Price Performance Review of LLAP
On Tuesday, Terran Orbital Corp [NYSE:LLAP] saw its stock fall -0.72% to $0.25. Over the last five days, the stock has lost -1.16%. Terran Orbital Corp shares have fallen nearly -78.32% since the year began. Nevertheless, the stocks have fallen -68.38% over the past one year. While a 52-week high of $1.62 was reached on 04/09/24, a 52-week low of $0.23 was recorded on 08/15/24. SMA at 50 days reached $0.3498, while 200 days put it at $0.8502.
Levels Of Support And Resistance For LLAP Stock
The 24-hour chart illustrates a support level at 0.2466, which if violated will result in even more drops to 0.2460. On the upside, there is a resistance level at 0.2484. A further resistance level may holdings at 0.2496. The Relative Strength Index (RSI) on the 14-day chart is 35.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0011, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.00%. Stochastics %K at 25.50% indicates the stock is a holding.
How much short interest is there in Terran Orbital Corp?
A steep rise in short interest was recorded in Terran Orbital Corp stocks on 2024-09-13, dropping by -10.69 million shares to a total of 7.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 18.53 million shares. There was a decline of -136.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 12, 2022 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
