Merlin, Inc. Common Stock (NASDAQ:MRLN) Given Average Rating of “Moderate Buy” by Analysts

Merlin, Inc. Common Stock (NASDAQ:MRLN) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $10.50.

Several equities analysts have recently issued reports on MRLN shares. Northland Securities assumed coverage on Merlin, Inc. Common Stock in a research report on Tuesday, July 21st. They set an “outperform” rating and a $10.00 price target on the stock. Cantor Fitzgerald decreased their target price on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, August 14th. Wall Street Zen cut Merlin, Inc. Common Stock to a “strong sell” rating in a research note on Saturday, May 23rd. TD Cowen lowered their target price on Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Merlin, Inc. Common Stock from a “sell (e)” rating to a “sell (d-)” rating in a research report on Tuesday.

Merlin, Inc. Common Stock Stock Up 17.9%

Merlin, Inc. Common Stock stock opened at $3.36 on Friday. Merlin, Inc. Common Stock has a 12-month low of $2.70 and a 12-month high of $17.00. The company has a market capitalization of $339.60 million, a PE ratio of -2.27 and a beta of 1.78. The company has a 50 day moving average of $3.95.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last announced its earnings results on Thursday, August 13th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($0.28) by ($1.12). The company had revenue of $2.19 million during the quarter. As a group, equities research analysts forecast that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current year.

Merlin, Inc. Common Stock Company Profile

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.