5 Stocks With Jaw-Dropping 14-74% Gains

3. Redwire Corp. (NYSE:RDW)

Redwire rallied for a fourth consecutive day on Tuesday to hit a new 52-week high, as investors took heart from the positive developments surrounding the space sector, with the National Aeronautics and Space Administration (NASA) awarding new multi-million-dollar contracts to key players.

In intra-day trading, Redwire Corp. (NYSE:RDW) jumped to its highest price of $23.10 before trimming gains to end the session just up by 26.01 percent at $22.04 apiece.

In a statement on the same day, NASA announced that it awarded contracts to Blue Origin, AstroLab, and Lunar Outpost to support its ambitious Moon exploration through the delivery of lunar vehicles and payload services, among others.

While Redwire Corp. (NYSE:RDW) does not directly benefit from the said deals, optimism for the government agency’s long-term exploration program of the Moon has sparked buying interest for its stock.

At present, Redwire Corp. (NYSE:RDW) is one of NASA’s critical contractors, supplying hardware, digital engineering, and in-space manufacturing. It also boasts of contracts with other agencies, including the US Department of Defense, as well as commercial clients, among others.

In other news, the company recently secured new orders from the US Army Aviation Center of Excellence (AVCOE) and an unnamed member country of the North Atlantic Treaty Organization (NATO) for its Stalker and Penguin UAS to support their aerial defense capabilities.