Redwire Co. (NYSE:RDW - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.30 and last traded at $15.30, with a volume of 27385 shares changing hands. The stock had previously closed at $15.07.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. HC Wainwright restated a "buy" rating and issued a $18.00 target price on shares of Redwire in a report on Wednesday, December 11th. Cantor Fitzgerald reissued an "overweight" rating and issued a $6.00 price objective on shares of Redwire in a research note on Monday, September 30th. Roth Mkm raised their target price on Redwire from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, B. Riley downgraded Redwire from a "buy" rating to a "neutral" rating and upped their price target for the stock from $8.00 to $9.50 in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.13.
Check Out Our Latest Stock Report on RDW
Redwire Price Performance
The company has a market capitalization of $1.14 billion, a P/E ratio of -14.12 and a beta of 2.25. The firm has a fifty day moving average price of $11.17 and a 200-day moving average price of $8.24.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in 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 acquiring an additional 59,372 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Redwire by 64.7% in the 2nd quarter. Rhumbline Advisers now owns 32,335 shares of the company's stock worth $232,000 after purchasing an additional 12,703 shares during the period. LJI Wealth Management LLC purchased a new position in Redwire in the second quarter valued at approximately $258,000. Squarepoint Ops LLC grew its holdings in Redwire by 59.4% during the second quarter. Squarepoint Ops LLC now owns 71,236 shares of the company's stock valued at $511,000 after purchasing an additional 26,543 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Redwire in the second quarter worth $89,000. Institutional investors own 8.10% of the company's stock.
About Redwire
(
Get Free Report)
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.
See Also
Before you consider Redwire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Redwire wasn't on the list.
While Redwire currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
