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

HC Wainwright began coverage on shares of Redwire (NYSE:RDW) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $18.00 price target on the stock. HC Wainwright also issued estimates for Redwire’s Q4 2024 earnings at ($0.18) EPS, FY2024 earnings at ($0.83) EPS and FY2025 earnings at ($0.17) EPS.

A number of other research firms have also recently issued reports on RDW. Alliance Global Partners upped their price objective on shares of Redwire from $7.00 to $8.25 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 target price on shares of Redwire in a research note on Monday, September 30th. B. Riley cut Redwire from a “buy” rating to a “neutral” rating and increased their price target for the company from $8.00 to $9.50 in a research note on Tuesday, October 29th. Finally, Roth Mkm boosted their price objective on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Redwire has an average rating of “Moderate Buy” and an average target price of $10.13.

Redwire Stock Up 3.2 %

Redwire stock opened at $13.92 on Tuesday. The stock has a market cap of $926.24 million, a PE ratio of -11.50 and a beta of 1.93. Redwire has a 12-month low of $2.49 and a 12-month high of $14.90. The business’s 50-day moving average price is $9.04 and its two-hundred day moving average price is $7.20.

Hedge Funds Weigh In On Redwire

A number of hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new position in Redwire during the 2nd quarter worth $74,000. Vontobel Holding Ltd. acquired a new stake in shares of Redwire in the third quarter valued at about $74,000. AQR Capital Management LLC bought a new position in shares of Redwire during the second quarter worth about $89,000. SG Americas Securities LLC acquired a new position in shares of Redwire in the first quarter worth approximately $59,000. Finally, MetLife Investment Management LLC boosted its holdings in Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after acquiring an additional 7,921 shares during the last quarter. Institutional investors and hedge funds 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.