Fintel reports that on September 13, 2023, Roth MKM initiated coverage of Redwire (NYSE:RDW) with a Buy recommendation.
Analyst Price Forecast Suggests 129.58% Upside
As of August 31, 2023, the average one-year price target for Redwire is 7.14. The forecasts range from a low of 5.05 to a high of $9.45. The average price target represents an increase of 129.58% from its latest reported closing price of 3.11.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Redwire is 250MM, an increase of 20.04%. The projected annual non-GAAP EPS is -0.22.
What is the Fund Sentiment?
There are 128 funds or institutions reporting positions in Redwire. This is a decrease of 13 owner(s) or 9.22% in the last quarter. Average portfolio weight of all funds dedicated to RDW is 0.01%, a decrease of 29.52%. Total shares owned by institutions decreased in the last three months by 6.59% to 5,881K shares. 
The put/call ratio of RDW is 0.70, indicating a bullish outlook.
What are Other Shareholders Doing?
Signaturefd holds 794K shares representing 1.23% ownership of the company. In it's prior filing, the firm reported owning 587K shares, representing an increase of 26.07%. The firm increased its portfolio allocation in RDW by 6.49% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 563K shares representing 0.87% ownership of the company. No change in the last quarter.
King Luther Capital Management holds 500K shares representing 0.77% ownership of the company. No change in the last quarter.
IWM - iShares Russell 2000 ETF holds 305K shares representing 0.47% ownership of the company. In it's prior filing, the firm reported owning 370K shares, representing a decrease of 21.26%. The firm decreased its portfolio allocation in RDW by 36.02% over the last quarter.
La Financiere De L'echiquier holds 292K shares representing 0.45% ownership of the company. In it's prior filing, the firm reported owning 252K shares, representing an increase of 13.70%. The firm decreased its portfolio allocation in RDW by 7.02% over the last quarter.
Redwire Background Information
(This description is provided by the company.)
Redwire is a new leader in mission critical space solutions and high reliability components for the next generation space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. With decades of flight heritage combined with the agile and innovative culture of a commercial space platform, Redwire is uniquely positioned to assist its customers in solving the complex challenges of future space missions.
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This story originally appeared on Fintel.
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