Cantor Fitzgerald Forecasts Redwire FY2025 Earnings

Redwire Co. (NYSE:RDW - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for Redwire in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard forecasts that the company will earn ($0.24) per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $6.00 target price on the stock. The consensus estimate for Redwire's current full-year earnings is ($0.84) per share.

RDW has been the subject of a number of other reports. HC Wainwright lifted their target price on shares of Redwire from $18.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday. Roth Mkm boosted their target price on shares of Redwire from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, B. Riley lowered shares of Redwire from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $8.00 to $9.50 in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $11.46.

Redwire Stock Performance

Shares of NYSE:RDW traded down $1.35 during midday trading on Wednesday, hitting $20.98. 2,831,442 shares of the stock were exchanged, compared to its average volume of 2,012,146. The company has a market capitalization of $1.40 billion, a PE ratio of -17.34 and a beta of 2.17. The business's fifty day simple moving average is $13.86 and its two-hundred day simple moving average is $9.47. Redwire has a 52-week low of $2.76 and a 52-week high of $22.50.

Insider Activity at Redwire

In other Redwire news, major shareholder Park Lp Genesis II sold 100,000 shares of Redwire stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.02, for a total transaction of $1,802,000.00. Following the transaction, the insider now directly owns 4,322,853 shares in the company, valued at approximately $77,897,811.06. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 267,656 shares of company stock worth $4,721,852 over the last 90 days. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of Redwire by 496.1% in the second quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company's stock valued at $512,000 after purchasing an additional 59,372 shares during the period. Rhumbline Advisers lifted its position in shares of Redwire by 64.7% during the 2nd quarter. Rhumbline Advisers now owns 32,335 shares of the company's stock valued at $232,000 after acquiring an additional 12,703 shares during the period. Squarepoint Ops LLC increased its position in shares of Redwire by 59.4% in the second quarter. Squarepoint Ops LLC now owns 71,236 shares of the company's stock worth $511,000 after purchasing an additional 26,543 shares during the period. AQR Capital Management LLC bought a new position in shares of Redwire in the second quarter worth $89,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Redwire in the second quarter worth $74,000. 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.