Merlin, Inc. Common Stock (NASDAQ:MRLN) Stock Price Target Cut by Roth Capital

Merlin, Inc. Common Stock (NASDAQ:MRLN) had its price objective cut by equities research analysts at Roth Capital to $4.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Capital‘s price objective points to a potential upside of 226.53% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Northland Securities started coverage on shares of Merlin, Inc. Common Stock in a research report on Tuesday, July 21st. They set an “outperform” rating and a $10.00 target price for the company. TD Cowen dropped their price objective on shares of Merlin, Inc. Common Stock to $4.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. 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. Maxim Group began coverage on Merlin, Inc. Common Stock in a research note on Friday, September 18th. They issued a “buy” rating and a $7.00 price objective for the company. Finally, Cantor Fitzgerald cut their target price on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Merlin, Inc. Common Stock currently has an average rating of “Moderate Buy” and an average target price of $6.92.

Merlin, Inc. Common Stock Price Performance

NASDAQ:MRLN traded up $0.26 during mid-day trading on Friday, reaching $1.23. The stock had a trading volume of 21,734,606 shares, compared to its average volume of 1,947,486. Merlin, Inc. Common Stock has a 12 month low of $0.74 and a 12 month high of $17.00. The stock has a market capitalization of $123.81 million, a PE ratio of -0.83 and a beta of 2.30. The stock has a 50-day simple moving average of $1.62 and a two-hundred day simple moving average of $4.81.

Merlin, Inc. Common Stock (NASDAQ:MRLN) last issued its earnings results on Thursday, November 12th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of ($0.26) by $0.63. The business had revenue of $3.46 million for the quarter. Equities analysts expect that Merlin, Inc. Common Stock will post -2.17 EPS for the current year.

Merlin, Inc. Common Stock Company Profile

Merlin, Inc. develops autonomous flight technology for aircraft. Its Merlin Pilot system is designed to automate flight tasks and integrate with existing aircraft, with the goal of supporting operations in sectors such as commercial aviation and defense. Founded in 2018, the company works on adapting its technology for different aircraft and operational requirements. Merlin is focused on developing and certifying systems for use in real-world aviation environments.