Roth Mkm Forecasts Strong Price Appreciation for Redwire (NYSE:RDW) Stock

Redwire (NYSE:RDW) had its target price hoisted by Roth Mkm from $10.00 to $13.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

RDW has been the topic of a number of other reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 price objective on shares of Redwire in a research note on Monday, September 30th. B. Riley lowered shares of Redwire from a “buy” rating to a “neutral” rating and upped their price objective for the company from $8.00 to $9.50 in a research note on Tuesday, October 29th. Finally, Alliance Global Partners upped their price objective on shares of Redwire from $7.00 to $8.25 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Redwire presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.55.

Redwire Price Performance

RDW opened at $9.02 on Friday. Redwire has a fifty-two week low of $2.35 and a fifty-two week high of $9.36. The company’s 50 day moving average price is $7.36 and its two-hundred day moving average price is $6.43.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company acquired a new position in shares of Redwire during the 2nd quarter valued at $74,000. Vontobel Holding Ltd. acquired a new position in shares of Redwire during the 3rd quarter valued at $74,000. AQR Capital Management LLC acquired a new position in shares of Redwire during the 2nd quarter valued at $89,000. SG Americas Securities LLC acquired a new position in shares of Redwire during the 1st quarter valued at $59,000. Finally, Rhumbline Advisers lifted its position in shares of Redwire by 64.7% during the 2nd quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock valued at $232,000 after acquiring an additional 12,703 shares during the period. Institutional investors and hedge funds own 8.10% of the company’s stock.

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.