Redwire (NYSE:RDW – Get Free Report) had its target price boosted by Cantor Fitzgerald from $5.00 to $6.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 29.87% from the stock’s previous close.
Redwire Stock Performance
Shares of RDW stock traded up $0.25 on Friday, reaching $4.62. The stock had a trading volume of 91,402 shares, compared to its average volume of 213,690. The stock has a market cap of $302.98 million, a P/E ratio of -6.33 and a beta of 1.77. Redwire has a 1 year low of $2.35 and a 1 year high of $4.79. The company has a 50 day simple moving average of $3.83 and a 200 day simple moving average of $3.18.
Redwire (NYSE:RDW – Get Free Report) last issued its earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The firm had revenue of $63.49 million during the quarter, compared to analysts’ expectations of $60.97 million. On average, equities research analysts anticipate that Redwire will post -0.4 earnings per share for the current fiscal year.
Institutional Trading of Redwire
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.
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