Redwire (NYSE:RDW) Earns "Buy" Rating from HC Wainwright

Redwire (NYSE:RDW - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at HC Wainwright in a note issued to investors on Tuesday,Benzinga reports. They presently have a $26.00 target price on the stock. HC Wainwright's price target would suggest a potential upside of 69.27% from the stock's previous close.

A number of other analysts have also recently commented on RDW. Alliance Global Partners restated a "buy" rating on shares of Redwire in a research report on Monday, May 12th. B. Riley reduced their price target on Redwire from $27.00 to $25.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $28.00 price objective on shares of Redwire in a research note on Tuesday, March 11th. Finally, Wall Street Zen lowered Redwire from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $20.05.

Redwire Price Performance

RDW stock opened at $15.36 on Tuesday. Redwire has a 1-year low of $4.87 and a 1-year high of $26.66. The business has a fifty day moving average price of $13.57 and a 200-day moving average price of $14.58. The stock has a market capitalization of $2.19 billion, a P/E ratio of -6.80 and a beta of 2.53.

Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.20) EPS for the quarter, meeting analysts' consensus estimates of ($0.20). The firm had revenue of $61.40 million for the quarter, compared to analysts' expectations of $74.54 million. As a group, analysts anticipate that Redwire will post -0.85 earnings per share for the current year.

Institutional Trading of Redwire

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in shares of Redwire by 6.9% in the 4th quarter. Bank of New York Mellon Corp now owns 52,170 shares of the company's stock worth $859,000 after purchasing an additional 3,357 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Redwire in the 4th quarter worth $278,000. US Bancorp DE acquired a new stake in shares of Redwire in the 4th quarter worth $119,000. Jones Financial Companies Lllp lifted its position in Redwire by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company's stock worth $72,000 after acquiring an additional 1,372 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Redwire by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,641 shares of the company's stock worth $1,080,000 after acquiring an additional 2,533 shares during the period. 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.

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