Motley Fool Analyst: Despite Redwire's Q2 earnings beat, the stock is overvalued; recommend considering a buy only when the price drops to $8 or below.
Motley Fool analyst Rich Smith noted that Redwire's Q2 revenue reached $117 million and its loss was $0.09 per share, both exceeding market expectations. The stock price rose by nearly 15% after the earnings release. The company's order backlog increased to $542 million, and sales are expected to grow to $500 million this year. However, the analyst believes that Redwire's current price-to-sales valuation (7.9 times trailing sales, 6.7 times current year expected sales) is significantly higher than the historical 2-4 times level for similar unprofitable space startups. The analyst expects Redwire's sales to reach $685 million by 2028, but it will still incur a loss of $10 million. Therefore, he advises investors to consider buying only when the stock price falls to $8 or below.
Source:Yahoo财经 · Source Link
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