HC Wainwright Reiterates Buy Rating for Redwire (NYSE:RDW)

Redwire (NYSE:RDW - Get Free Report)'s stock had its "buy" rating reissued by research analysts at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They currently have a $18.00 price objective on the stock. HC Wainwright's target price indicates a potential upside of 54.64% from the company's current price.

Several other research firms have also commented on RDW. B. Riley lowered shares of Redwire from a "buy" rating to a "neutral" rating and raised their price target for the company from $8.00 to $9.50 in a research report on Tuesday, October 29th. Cantor Fitzgerald restated an "overweight" rating and set a $6.00 target price on shares of Redwire in a research report on Monday, September 30th. Finally, Roth Mkm lifted their price target on Redwire from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $10.13.

Redwire Trading Down 1.7 %

Redwire stock traded down $0.20 during mid-day trading on Wednesday, hitting $11.64. The company had a trading volume of 850,972 shares, compared to its average volume of 388,966. The company has a market capitalization of $774.54 million, a price-to-earnings ratio of -9.79 and a beta of 2.25. Redwire has a 12-month low of $2.68 and a 12-month high of $15.25. The company's fifty day moving average is $9.91 and its 200-day moving average is $7.63.

Institutional Trading of Redwire

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Redwire by 6.3% during the third quarter. Geode Capital Management LLC now owns 523,743 shares of the company's stock worth $3,599,000 after purchasing an additional 30,963 shares in the last quarter. Barclays PLC grew its holdings in shares of Redwire by 55.8% during the third quarter. Barclays PLC now owns 1,181,138 shares of the company's stock worth $8,115,000 after buying an additional 422,854 shares in the last quarter. State Street Corp raised its position in shares of Redwire by 8.1% in the third quarter. State Street Corp now owns 473,295 shares of the company's stock valued at $3,252,000 after buying an additional 35,519 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Redwire in the third quarter valued at about $139,000. Finally, MetLife Investment Management LLC lifted its stake in shares of Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company's stock worth $97,000 after buying an additional 7,921 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company's stock.

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.