Redwire (NYSE:RDW) PT Raised to $10.00

Redwire (NYSE:RDW - Get Free Report) had its price objective lifted by equities research analysts at Roth Mkm from $5.00 to $10.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. Roth Mkm's price objective suggests a potential upside of 114.13% from the stock's current price.

Separately, Cantor Fitzgerald lifted their price objective on shares of Redwire from $5.00 to $6.00 and gave the stock an "overweight" rating in a research report on Friday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $6.75.

Redwire Stock Up 6.9 %

Redwire stock traded up $0.30 during midday trading on Friday, hitting $4.67. 201,242 shares of the stock were exchanged, compared to its average volume of 155,267. Redwire has a 52-week low of $2.35 and a 52-week high of $4.79. The business's 50-day moving average price is $3.86 and its 200-day moving average price is $3.19.

Redwire (NYSE:RDW - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The business had revenue of $63.49 million for the quarter, compared to analyst estimates of $60.97 million. Research analysts predict that Redwire will post -0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Redwire

Several hedge funds have recently bought and sold shares of RDW. LA Financiere DE L Echiquier grew its stake in Redwire by 10.6% during the fourth quarter. LA Financiere DE L Echiquier now owns 450,000 shares of the company's stock valued at $1,282,000 after acquiring an additional 43,000 shares in the last quarter. SG Americas Securities LLC purchased a new position in Redwire during the first quarter valued at approximately $59,000. Finally, Vanguard Group Inc. grew its stake in Redwire by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company's stock valued at $4,912,000 after acquiring an additional 3,681 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company's stock.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.