Firefly Aerospace: Can the turnaround succeed after a 71 % price drop?

Following the local maximum at the end of May, the stock of Firefly Aerospace (i.) plummeted by around 71 % by the end of July. Since then, initial signs of recovery have emerged, and the stock was able to rise above a resistance line and the 20-day moving average. On August 11, the report for the second quarter provided a fundamental trigger. The company impressively demonstrated a revenue increase of 659 % compared to the same period last year, showing that it has successfully transitioned from a volatile small rocket provider to a well-established...