I have been passing some time looking for an elusive analyst who has a target of $1.50 for Flyht and a "buy" rating at some sites. Can't seem to find out who it is or what the target and rating are based on, or when the assessment was made, although
I believe it is pre-Q1 2022 results. One location is here...
https://www.barrons.com/market-data/stocks/fly/research-ratings?countrycode=ca&mod=quotes#subnav&mod=quotes "
Average price target from 1 rating(s): $1.50 (CDN)". Wikipedia, re: Barrons
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Another is here... (found in a search for flyht, analyst, "$1.50")
https://www.wsj.com/market-data/quotes/CA/XTSX/FLY/financials No. of Analysts: 1
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SeekingAlpha shows 1 (unnamed) analyst with a "strong buy", target $1.50. https://seekingalpha.com/symbol/FLYLF/ratings/sell-side-ratings -- -- --
At simplywall.st, although not a subscriber, I was able to snip a bit of text before getting a "sign in" request.
https://simplywall.st/stocks/ca/capital-goods/tsxv-fly/flyht-aerospace-solutions-shares Apr 27, 2022 Forecast to breakeven in 2023
The analyst covering FLYHT Aerospace Solutions expects the company to break even for the first time. - New forecast suggests losses will reduce by 73% to 2022.
- The company is expected to make a profit of CA$1.93m in 2023.
- Average annual earnings growth of 125% is required to achieve expected profit on schedule.
This one is interesting because April 27 is before the Q1 results were released and before the announcement was made about the $7.1M purchase order for licenses was news-released (May 4th), and before the value of the order for the WVSS-II sensor became publicized in the Spring-2022 presentation ($3.6M). What would this forecast be now?
If cost controls are maintained, it is hard to imagine that Flyht won't be profitable in Q2 2022, and possibly for the full year 2022. (Set aside 2023 for the moment.)
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Bruce Krugel of KRC Insights maintains a February 2022 target of $2.50 (so it is not him). His report (updated May 12) resides at the Flyht site.
https://flyht.com/wp-content/uploads/2022/05/FLY-22-Q1a.pdf Jaeson Schmidt of Lake Street Capital Markets is mentioned at Flyht's site. He provides information to institutional investors re Flyht, I believe. I dont know what his target has been or is.
Note to self... In earlier years, there were analysts covering Flyht with Clarus, Jennings Capital, Pope & Co., and Salman Partners.
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