Starfighters Space Inc (FJET) Stock Surges Over 300% Post-IPO Amid Volatility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Benzinga
- Significant Price Volatility: Starfighters Space Inc's stock experienced over 300% volatility in its debut week, peaking at $31.50 on Monday, indicating strong market interest in its unique business model.
- Surge in Trading Volume: On Friday, trading volume reached nearly 17 million shares, double the average, reflecting high speculative interest and liquidity constraints, which may lead to further price swings.
- Successful Fundraising: The company raised $40 million in its IPO, aimed at expanding its fleet and operations in Midland, Texas, which will enhance its competitiveness in the commercial space market.
- Favorable Policy Environment: CEO Rick Svetkoff highlighted a new White House Executive Order supporting space superiority, suggesting that the policy landscape favors agile commercial platforms like Starfighters, potentially providing strong momentum for future growth.
FJET
$14.445+Infinity%1D
Analyst Views on FJET
Wall Street analysts forecast FJET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FJET is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 12.400
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Current: 12.400
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About FJET
Starfighters Space, Inc. operates the commercial fleet of flight-ready F-104 supersonic aircraft (Lockheed F-104). The Lockheed F-104 is developed as a supersonic aircraft for the United States Armed Forces. Supersonic flights capable of flying at MACH 2 with air-launch rockets in development through the Starfighters STARLAUNCH program. The Lockheed F-104 also performed many safety chase missions in support of advanced research aircraft and provided a launch platform for sounding rockets. The Company organizes its services into various categories: historical services and new services. Its historical services include pilot and astronaut training, launch services and access to space, and in-flight testing. Its new services include launch services and access to space (commercial, academic, civil and government clients), and airborne testbed for hypersonic research and development (R&D) and test and evaluation (T&E) test bed (commercial, academic, civil and government).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
