Redwire - A Cantor Fitzgerald Favorite -

Redwire – A Cantor Fitzgerald Favorite

Nov 28, 2024Jeremy ParkinsonFinance0

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Summary

Redwire Corporation (RDW) has shown significant price appreciation, gaining 98.99% since receiving a Trend Seeker buy signal on 9/26.

The company provides critical space solutions and infrastructure, with strong technical indicators including 100% technical buy signals and a 440.55% gain in the last year.

Fundamental factors are robust, with expected revenue growth of 27.21% this year and 16.43% next year, and earnings estimated to increase by 72.58%.

Analyst sentiment is mixed, with 3 strong buy ratings but also a strong sell from CFRA; the stock is highly volatile and speculative.

The Chart of the Day belongs to the aerospace and defense company Redwire (RDW) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 9/26 the stock gained 98.99%.RDW Price vs Daily Moving Averages: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. It offers software suite that enables digital engineering and generation of high-fidelity, interactive modeling and simulations of individual components, entire spacecraft, and full constellations in a cloud-based environment. In addition, the company microgravity payloads, radio frequency systems, antennas, star trackers, platforms, and in-space manufacturing and biotech facilities. Redwire Corporation was founded in 2017 and is headquartered in Jacksonville, Florida.Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:

100% technical buy signals

356.29 Weighted Alpha

440.55% gain in the last year

Trend Seeker buy signal

1.93 – 60 month Beta

Above its 20, 50 and 100 day moving averages

9 new highs and up 59.84% in the last month

Relative Strength Index 79.62%

Technical support level at $13.24

Recently traded at $13.57 with 50 day moving average of $8.61

Fundamental Factors:

Market Cap $876 million

Revenue expected to grow 27.21% this year and another 16.43% next year

Earnings are estimated to increase by 72.58% next year

Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

Wall Street analyst gave 3 strong buy. 1 buy and 1 hold opinion on the stock

Analysts’ price targets are between $6 and $16

Cantor Fitzgerald has reiterated its Over Weighted recommendation on several occasions

Value Line give the stock its average rating of 3

CFRAs MarketScope rates the stock a strong sell

MorningStar gives the stock its average rating of 3 with a Fair Value of $13.52

3,890 investors monitor the stock on Seeking Alpha

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