Redwire (NYSE:RDW – Get Free Report) had its price target hoisted by research analysts at Cantor Fitzgerald from $5.00 to $6.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 29.87% from the stock’s previous close.
Redwire Price Performance
Shares of NYSE:RDW traded up $0.25 during trading on Friday, hitting $4.62. 91,402 shares of the company’s stock were exchanged, compared to its average volume of 213,690. The company has a market cap of $302.98 million, a price-to-earnings ratio of -6.33 and a beta of 1.77. Redwire has a 52-week low of $2.35 and a 52-week high of $4.79. The business’s 50-day simple moving average is $3.83 and its 200 day simple moving average is $3.18.
Redwire (NYSE:RDW – Get Free Report) last announced its earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The company had revenue of $63.49 million during the quarter, compared to analysts’ expectations of $60.97 million. On average, sell-side analysts anticipate that Redwire will post -0.4 EPS for the current fiscal year.
Institutional Investors Weigh In On Redwire
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.
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