Redwire (NYSE:RDW) Given New $13.00 Price Target at Roth Mkm

Redwire (NYSE:RDW - Get Free Report) had its price target upped by research analysts at Roth Mkm from $10.00 to $13.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Roth Mkm's price objective suggests a potential upside of 44.44% from the stock's previous close.

Several other research analysts have also commented on RDW. B. Riley lowered Redwire from a "buy" rating to a "neutral" rating and raised their price target for the stock from $8.00 to $9.50 in a research report on Tuesday, October 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $6.00 price objective on shares of Redwire in a research report on Monday, September 30th. Finally, Alliance Global Partners lifted 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $8.55.

Redwire Stock Up 5.8 %

Shares of NYSE RDW traded up $0.49 during trading on Friday, hitting $9.00. The company had a trading volume of 489,630 shares, compared to its average volume of 338,029. Redwire has a fifty-two week low of $2.35 and a fifty-two week high of $9.36. The stock has a fifty day simple moving average of $7.36 and a two-hundred day simple moving average of $6.39. The firm has a market capitalization of $598.82 million, a price-to-earnings ratio of -9.18 and a beta of 1.93.

Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.15). The firm had revenue of $78.11 million during the quarter, compared to analyst estimates of $66.86 million. On average, analysts anticipate that Redwire will post -0.87 earnings per share for the current year.

Institutional Investors Weigh In On Redwire

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Redwire during the first quarter valued at approximately $59,000. Vontobel Holding Ltd. purchased a new position in Redwire in the third quarter valued at approximately $74,000. The Manufacturers Life Insurance Company purchased a new position in Redwire in the second quarter valued at approximately $74,000. AQR Capital Management LLC acquired a new position in Redwire during the second quarter valued at approximately $89,000. Finally, Rhumbline Advisers grew its stake in Redwire by 64.7% during the second quarter. Rhumbline Advisers now owns 32,335 shares of the company's stock worth $232,000 after buying an additional 12,703 shares during the period. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

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.