US stock futures flounder amid tech weakness, Fed caution
Jonathan Baliff, the Chief Financial Officer of Redwire Corp (NYSE:RDW), recently acquired 2,170 shares of the company’s common stock. The purchase, completed on March 19, 2025, was executed at a weighted average price of $11.3753 per share, resulting in a total transaction value of $24,684. Following this acquisition, Baliff holds a total of 1,028,954 shares in the company. The shares were purchased at prices ranging from $11.34 to $11.39.The insider purchase comes as Redwire, currently valued at $863 million, has shown remarkable momentum with a 191% return over the past year. According to InvestingPro data, analysts have set price targets ranging from $20 to $30, suggesting significant upside potential. The stock appears fairly valued based on InvestingPro’s Fair Value analysis, with 14 additional real-time insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Redwire Corporation reported its fourth-quarter 2024 earnings, revealing an earnings miss with an EPS of -1.38, significantly below the expected -0.18. Revenue for the quarter reached $69.6 million, falling short of the projected $74.82 million. Despite these setbacks, Redwire achieved a 24.7% increase in full-year revenue, totaling $304.1 million. The company expanded its facilities and completed the strategic acquisition of Edge Autonomy, which is expected to enhance its multi-domain autonomous technology portfolio. Cantor Fitzgerald maintained its Overweight rating on Redwire, with a price target of $28, citing confidence in the company’s long-term prospects and its strategic positioning. Analyst Colin Canfield of Cantor Fitzgerald anticipates that Redwire will benefit from improved market conditions, especially with a potential increase in the Department of Defense budget. Redwire forecasts combined revenue of $535-$565 million for 2025 and expects to be free cash flow positive by then.
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