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Tag: RDW stock

  • What Pushed Redwire (RDW) Stock Higher After-Hours?

    What Pushed Redwire (RDW) Stock Higher After-Hours?

    Redwire Corporation (NYSE: RDW) exhibited notable momentum during the after-market session on Tuesday, registering a 5.65% upswing to reach $2.99. This positive movement served to counterbalance the 3.08% decline experienced during the regular trading session, concluding at $2.83. The impetus behind the surge in RDW stock value was a strategic business advancement.

    Redwire (RDW) unveiled a significant achievement as its L-Band Link 16 Helical Antenna technology effectively showcased the transmission of a Link 16 signal from the cosmos. The Link 16 waveform, renowned for providing a tactical edge to military personnel, facilitates swift and secure communication directly to the battlefield, expediting decision-making processes.

    This represents a pivotal milestone in the ongoing development of tactical warfighter networks in space. The antenna system, developed by Redwire for an undisclosed national security client, saw RDW overseeing system design, testing, manufacturing, and the delivery of flight hardware for three Link 16 antennas.

    These antennas are poised to empower warfighters with beyond line-of-sight communication capabilities through the Link 16 tactical network—a military data link network designed to furnish secure, anti-jam communications to personnel operating on land, in the air, and at sea.

    Redwire played a pivotal role in achieving this transformative milestone, highlighting the company’s commitment to delivering indispensable capabilities crucial to space development—capabilities that have been proven and deemed effective in bolstering national defense. The successful demonstration of Link 16 coincides with RDW’s imminent delivery of additional L-Band antennas to another national security client.

    These accomplishments build upon Redwire’s extensive experience in the development of antenna and RF systems for both industrial and military clients. RDW’s antennas and RF systems are produced at its recently expanded facility in Longmont, Colorado, boasting a factory capacity exceeding 120 antennas annually.

    These antennas constitute a vital component of RDW’s rapidly expanding portfolio of antenna and RF payloads. Notably, Redwire’s antenna technology was chosen for the initial pathfinder mission, illustrating its prowess in demonstrating this waveform from space.

  • Redwire Corporation (RDW) Stock Is Heavily Misunderstood

    Redwire Corporation (NYSE: RDW) specializes in infrastructure that is employed in the space industry. Redwire has been quite successful in recent years, with its booming growth and significant milestone achievements. Its core ambition, however, is laser-focused on the commercial space industry, which is likely to see a tremendous boom in the coming decade.

    Solid Redwire Prospects

    Redwire Corporation (RDW) has lofty ambitions in the space infrastructure realm. This year, the company rolled out solar array technology which saw deployment on NASA’s International Space Station. The achievement is truly a game-changer for the company, putting it on the radar of the space industry. Redwire faces somewhat of a financial cushioning as a result of its long-term contracts with the government. These link to both national and domestic security and ensure Redwire is capable of value generation before commercial space sees actualization.

    RDW Aiming For The Long Shot

    The most significant value proposition that is inherent to RDW stock is the present value of its long-term growth potential. The company is strategically playing its cards to stand strongly positioned to capitalize off the commercial space game, which could actualize within the next decade. Just recently, the company acquired a Belgian commercial space business, QinetiQ Space for 32 million Euros. This allows for a smooth business and managerial integration into Redwire and is likely to result in a boom within the space race amongst entrants. RDW stock fell by 80% in the last 12 months, despite growing its revenue from $19 million in 2019 to $138 million in 2021. The valuation of this stock alone makes it a screaming buy, and so compelling for investors.

    Conclusion

    RDW stock has taken a beating in the present macroeconomic climate of certainty. However, the panic-stricken market does not yet see how strong the future prospects of this company really are.

  • Redwire Corporation (RDW) stock gained in the current market; here is why?

    Redwire Corporation (RDW) stock gained in the current market after the company announced its preliminary financial results for the year ending December 31, 2021, and provided an update on Q3 2021 10-Q filing. RDW values at around $5.81 in the current market, gaining more than 9.83% from the previously closed value. The stock of RDW closed at $5.28 at the end of the previous trading session. The stock volume traded in the last trading session was around 0.506 million shares.

    Highlights of the RDW preliminary revenue results

    Redwire Corporation (RDW) today reported preliminary financial results for the year ending December 31, 2021, and provided an update on the status of its Form 10-Q for the quarter ended September 30, 2021.

    On average, Redwire expects to earn between $135 and $140 million in GAAP revenue and $146 and $151 million in pro forma revenue in 2021.

    The results show a year-on-year sales rise of almost 160 percent GAAP and 30 percent pro forma. Our contracted backlog is estimated to be between $133 million and $138 million by December 31, 2021, and our uncontracted backlog anticipates between $136 million and $138 million.

    CEO is excited by the recent growth

    The CEO of RDW said that they are proud of our business achievements in 2021. Meanwhile, they’re spending heavily on new technology that will impact the future of space for centuries to come. This distinctive heritage plus innovation strategy recorded significant revenue growth due to this remarkable heritage plus innovation strategy.

    He further added that the Board of Directors and the Redwire team take accuracy and compliance extremely seriously. He said that they look forward to positioning Redwire for long-term success. Their plans for human expansion into space go beyond the next decade.

    Impact on the stock

    Redwire Corporation (RDW) gained in the current market following its preliminary revenue results became public. Investors are investing in its stock. Many institutional investors expect its future growth and have rated it a buy on its current price range. Analysts agree that investors should “buy” Redwire shares. They expect Redwire’s stock will hit $15.00 in the next year. It implies a 146.7 percent potential gain from the current price. Many retail and institutional investors own Redwire stock. Cutler Group LP and J.W. Cole Advisors Inc. are amongst the top investors.