Merlin, Inc. Common Stock (NASDAQ:MRLN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Merlin, Inc. Common Stock (NASDAQ:MRLN) have earned a consensus recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $11.3333.

MRLN has been the subject of a number of research analyst reports. Zacks Research raised shares of Merlin, Inc. Common Stock to a “hold” rating in a research note on Wednesday, April 15th. TD Cowen decreased their price target on shares of Merlin, Inc. Common Stock from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday. Roth Capital initiated coverage on shares of Merlin, Inc. Common Stock in a research report on Tuesday, April 14th. They issued a “buy” rating and a $15.00 price objective for the company. Cantor Fitzgerald started coverage on shares of Merlin, Inc. Common Stock in a research report on Thursday, July 9th. They issued an “overweight” rating and a $11.00 price objective for the company. Finally, Weiss Ratings raised Merlin, Inc. Common Stock from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, June 9th.

Merlin, Inc. Common Stock Trading Down 7.0%

Shares of NASDAQ MRLN opened at $3.88 on Thursday. Merlin, Inc. Common Stock has a 12-month low of $3.81 and a 12-month high of $17.00. The stock’s 50-day moving average is $6.47. The firm has a market cap of $374.50 million, a P/E ratio of -10.49 and a beta of 1.70.

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.