Redwire’s (RDW) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Redwire (NYSE:RDW) in a research note released on Monday morning, Benzinga reports. They currently have a $6.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on RDW. Longbow Research boosted their target price on shares of Redwire from $5.00 to $6.00 and gave the company a buy rating in a report on Friday, May 10th. Roth Mkm boosted their target price on shares of Redwire from $5.00 to $10.00 and gave the company a buy rating in a report on Friday, May 10th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and an average target price of $6.75.

Redwire Price Performance

Shares of NYSE RDW opened at $6.99 on Monday. The company has a market cap of $458.40 million, a PE ratio of -9.71 and a beta of 1.97. Redwire has a 12 month low of $2.35 and a 12 month high of $7.38. The company has a 50-day simple moving average of $5.35 and a 200-day simple moving average of $4.02.

Redwire (NYSE:RDW) last released its earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The company had revenue of $87.79 million for the quarter, compared to analysts’ expectations of $65.88 million. On average, analysts anticipate that Redwire will post -0.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. LA Financiere DE L Echiquier lifted its position 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 buying an additional 43,000 shares in the last quarter. Vanguard Group Inc. lifted its position 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 buying an additional 3,681 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Redwire during the first quarter valued at approximately $59,000. 8.10% of the stock is owned by institutional investors and hedge funds.

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.