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Fintel reports that on April 21, 2023, B. Riley Securities initiated coverage of Redwire (NYSE:RDW) with a Buy recommendation.
Analyst Price Forecast Suggests 241.14% Upside
As of April 6, 2023, the average one-year price target for Redwire is $10.20. The forecasts range from a low of $10.10 to a high of $10.50. The average price target represents an increase of 241.14% from its latest reported closing price of $2.99.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Redwire is $250MM, an increase of 56.01%. The projected annual non-GAAP EPS is -$0.22.
What are Other Shareholders Doing?
SWSSX – Schwab Small-Cap Index Fund holds 43K shares representing 0.07% ownership of the company. No change in the last quarter.
Caz Investments holds 30K shares representing 0.05% ownership of the company.
Nuveen Asset Management holds 49K shares representing 0.08% ownership of the company. In it’s prior filing, the firm reported owning 44K shares, representing an increase of 9.89%. The firm decreased its portfolio allocation in RDW by 12.52% over the last quarter.
State Street holds 278K shares representing 0.43% ownership of the company. No change in the last quarter.
Geode Capital Management holds 320K shares representing 0.50% ownership of the company. In it’s prior filing, the firm reported owning 309K shares, representing an increase of 3.59%. The firm decreased its portfolio allocation in RDW by 20.21% over the last quarter.
What is the Fund Sentiment?
There are 136 funds or institutions reporting positions in Redwire. This is a decrease of 1 owner(s) or 0.73% in the last quarter. Average portfolio weight of all funds dedicated to RDW is 0.01%, a decrease of 46.15%. Total shares owned by institutions increased in the last three months by 2.24% to 6,012K shares. 
The put/call ratio of RDW is 0.13, indicating a bullish outlook.
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.
See all Redwire regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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