Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Has Average Target Price of $8.75

Shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8.75.

Several equities analysts have recently weighed in on the company. Northland Securities began coverage on Merlin, Inc. Common Stock in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $10.00 price objective on the stock. Canaccord Genuity Group started coverage on shares of Merlin, Inc. Common Stock in a research report on Friday, September 25th. They set a “buy” rating and a $7.50 target price for the company. Maxim Group assumed coverage on shares of Merlin, Inc. Common Stock in a research report on Friday, September 18th. They set a “buy” rating and a $7.00 target price for the company. TD Cowen cut their price target on shares of Merlin, Inc. Common Stock to $4.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Finally, Weiss Ratings raised shares of Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st.

Merlin, Inc. Common Stock Price Performance

Merlin, Inc. Common Stock stock traded down $0.03 during midday trading on Friday, reaching $1.09. The stock had a trading volume of 1,925,495 shares, compared to its average volume of 3,804,472. Merlin, Inc. Common Stock has a twelve month low of $1.06 and a twelve month high of $17.00. The stock has a market capitalization of $110.67 million, a PE ratio of -0.74 and a beta of 1.98. The firm has a 50-day moving average price of $2.59.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($1.12). The business had revenue of $2.19 million during the quarter. Analysts predict that Merlin, Inc. Common Stock will post -2.17 EPS for the current year.

About Merlin, Inc. Common Stock

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.