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Markets · Investing · Business
Finance
Should You Buy Redwire Stock Below $13?
Redwire's share price shot higher after earnings, but recently slumped. Is it cheap yet?
Redwire beat sales expectations, reporting $117 million for the quarter earlier this month. Losses were less than expected at only $0.09 per share. Investors cheered -- and shares of the space infrastructure-and-terrestrial drones company soared past $13 a share the day after earnings were released, a one-day gain of nearly 15%.
Details
They've mostly stayed above $13 since that Aug. 5 earnings report, but briefly dipped below that level on Tuesday. Today, the stock is down 7.3% (as of 12:15 p.m.). And now the question for investors is: Should you buy Redwire stock while it's still below $13?
Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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