Roth Mkm Raises Redwire (NYSE:RDW) Price Target to $10.00

Redwire (NYSE:RDW) had its price objective raised by Roth Mkm from $5.00 to $10.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective would suggest a potential upside of 116.45% from the stock’s current price.

Separately, Cantor Fitzgerald boosted their price target on Redwire from $5.00 to $6.00 and gave the stock an “overweight” rating in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $6.75.

Redwire Price Performance

NYSE:RDW traded up $0.25 during mid-day trading on Friday, reaching $4.62. The company’s stock had a trading volume of 91,402 shares, compared to its average volume of 213,690. The company’s fifty day simple moving average is $3.83 and its two-hundred day simple moving average is $3.18. Redwire has a twelve month low of $2.35 and a twelve month high of $4.79. The stock has a market cap of $302.98 million, a P/E ratio of -6.33 and a beta of 1.77.

Redwire (NYSE:RDW) last issued its earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.10). The firm had revenue of $63.49 million during the quarter, compared to analyst estimates of $60.97 million. Sell-side analysts expect that Redwire will post -0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Redwire

An institutional investor recently bought a new position in Redwire stock. SG Americas Securities LLC purchased a new position in Redwire Co. (NYSE:RDW) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,374 shares of the company’s stock, valued at approximately $59,000. 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.