The stock of Redwire Corporation (NYSE:RDW) last traded at $2.46, up 2.50% from the previous session.
Data from the available sources indicates that Redwire Corporation (NYSE:RDW) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $10.00, we find $10.00. Given the previous closing price of $2.40, this indicates a potential upside of 316.67 percent. RDW stock price is now -6.25% away from the 50-day moving average and -41.90% away from the 200-day moving average. The market capitalization of the company currently stands at $153.21M.
In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $10.00 as their price target over the next twelve months.
With the price target of $15, Jefferies recently initiated with Buy rating for Redwire Corporation (NYSE: RDW).
In other news, DANIELS LESLIE B, Director bought 5,000 shares of the company’s stock on May 20. The stock was bought for $19,500 at an average price of $3.90. Upon completion of the transaction, the Director now directly owns 47,500 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19, Director DANIELS LESLIE B bought 20,000 shares of the business’s stock. A total of $81,000 was incurred on buying the stock at an average price of $4.05. This leaves the insider owning 42,500 shares of the company worth $0.1 million. Insiders disposed of 4,160,353 shares of company stock worth roughly $10.23 million over the past 1 year. A total of 10.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RDW stock. A new stake in Redwire Corporation shares was purchased by PRICE JENNIFER C. during the first quarter worth $720,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $226,000 in shares of RDW during the first quarter. In the first quarter, LPL FINANCIAL LLC acquired a new stake in Redwire Corporation valued at approximately $157,000. NUVEEN ASSET MANAGEMENT, LLC acquired a new stake in RDW for approximately $100,000. ENGINEERS GATE MANAGER LP purchased a new stake in RDW valued at around $94,000 in the second quarter. In total, there are 88 active investors with 17.20% ownership of the company’s stock.
With an opening price of $2.4100 on Friday morning, Redwire Corporation (NYSE: RDW) set off the trading day. During the past 12 months, Redwire Corporation has had a low of $2.15 and a high of $12.15. As of last week, the company has a debt-to-equity ratio of 4.09, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for RDW is $2.6174 and a two-hundred day moving average price translates $4.2207 for the stock.
The latest earnings results from Redwire Corporation (NYSE: RDW) was released for Jun, 2022. According to the Aerospace & Defense Company, earnings per share came in at -$1.22, missing analysts’ expectations of -$0.13 by -1.09. This compares to -$0.43 EPS in the same period last year. The net profit margin was -49.60% and return on equity was -94.60% for RDW. The company reported revenue of $36.73 million for the quarter, compared to $32.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.25 percent. For the current quarter, analysts expect RDW to generate $45M in revenue.
Redwire Corporation(RDW) Company Profile
Redwire Corporation, a space infrastructure company, develops, manufactures, and sells mission critical space solutions and components for national security, civil, and commercial space markets in the United States, Luxembourg, Germany, South Korea, Poland, and internationally. The company provides various antennas; and advanced sensors and components, which include solar arrays, composite booms, radio frequency antennas, payload adapters, space-qualifies camera systems, and star trackers and sun sensors. It also sells a proprietary enterprise software suite that enables digital engineering and generation of interactive modeling and simulations of individual components, entire spacecraft, and full constellations in a cloud-based Software as a Service business model. In addition, the company offers on-orbit servicing, assembly, and manufacturing solutions; and low-earth orbit commercialization, digitally engineered spacecraft, and space domain awareness and resiliency technology solutions. Redwire Corporation is headquartered in Jacksonville, Florida.