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

Cantor Fitzgerald reiterated their overweight rating on shares of Redwire (NYSE:RDW) in a report released on Monday, Benzinga reports. They currently have a $6.00 price target on the stock.

Other equities analysts have also issued reports about the company. Roth Mkm increased their price objective on Redwire from $5.00 to $10.00 and gave the company a buy rating in a report on Friday, May 10th. Longbow Research raised their price target on Redwire from $5.00 to $6.00 and gave the stock a buy rating in a report on Friday, May 10th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of $6.75.

Redwire Stock Performance

RDW stock opened at $6.99 on Monday. The stock’s 50 day simple moving average is $5.35 and its 200 day simple moving average is $4.02. Redwire has a fifty-two week low of $2.35 and a fifty-two week high of $7.38. The company has a market cap of $458.40 million, a P/E ratio of -9.71 and a beta of 1.97.

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

Institutional Trading of Redwire

Several large investors have recently modified their holdings of RDW. SG Americas Securities LLC bought a new stake in Redwire during the 1st quarter valued at approximately $59,000. LA Financiere DE L Echiquier boosted its position in Redwire by 10.6% during the 4th 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. Finally, Vanguard Group Inc. boosted its position in Redwire by 0.3% during the 1st 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. 8.10% of the stock is owned by institutional investors.

About Redwire

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.