Jefferies Financial Group Comments on Mynaric AG’s FY2022 Earnings (NASDAQ:MYNA)

Mynaric AG (NASDAQ:MYNAGet Rating) – Jefferies Financial Group issued their FY2022 earnings per share estimates for Mynaric in a report issued on Wednesday, April 20th. Jefferies Financial Group analyst G. Konrad expects that the company will post earnings of ($1.59) per share for the year. Jefferies Financial Group also issued estimates for Mynaric’s FY2023 earnings at $0.32 EPS, FY2024 earnings at $1.16 EPS and FY2025 earnings at $2.43 EPS.

Shares of Mynaric stock opened at $10.30 on Monday. The stock has a 50-day simple moving average of $10.34. Mynaric has a 1 year low of $8.00 and a 1 year high of $22.00.

Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new stake in Mynaric during the 4th quarter valued at about $56,000. Millennium Management LLC purchased a new stake in Mynaric during the 4th quarter valued at about $209,000. Rokos Capital Management LLP purchased a new stake in Mynaric during the 4th quarter valued at about $500,000. Light Sky Macro LP purchased a new stake in Mynaric during the 4th quarter valued at about $797,000. Finally, Pentwater Capital Management LP purchased a new stake in Mynaric during the 4th quarter valued at about $890,000. Institutional investors own 1.88% of the company’s stock.

About Mynaric (Get Rating)

Mynaric AG engages in developing and manufacturing advanced laser communication technology for long-distance wireless data transmission between moving objects for terrestrial, airborne, and space applications in Germany and internationally. The company offers CONDOR, an optical inter-satellite link flight terminal for satellite-to-satellite communications in space; and HAWK, an airborne flight terminal for air-to-air and air-to-ground links of airborne vehicles.

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