Redwire (NYSE:RDW) Shares Down 4.8% – Time to Sell?

Redwire Corporation (NYSE:RDW)’s stock price traded down 4.8% on Tuesday . The company traded as low as $11.03 and last traded at $11.5820. 27,410,104 shares were traded during trading, an increase of 10% from the average session volume of 24,818,234 shares. The stock had previously closed at $12.16.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a $13.00 target price on shares of Redwire in a report on Sunday. Roth Mkm restated a “buy” rating and set a $20.00 target price on shares of Redwire in a report on Wednesday, January 28th. Truist Financial upgraded shares of Redwire to a “strong-buy” rating in a report on Friday, May 1st. Canaccord Genuity Group raised their target price on shares of Redwire from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Monday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.22.

Redwire Stock Down 4.8%

The business’s 50 day simple moving average is $9.54 and its 200-day simple moving average is $8.68. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -4.32 and a beta of 2.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75.

Redwire (NYSE:RDW) last issued its earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). The company had revenue of $96.97 million for the quarter, compared to analyst estimates of $105.94 million. Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The company’s quarterly revenue was up 57.9% on a year-over-year basis. During the same period last year, the business earned ($0.09) EPS. Sell-side analysts expect that Redwire Corporation will post -0.49 earnings per share for the current year.

Insider Activity

In other Redwire news, Director Ae Red Holdings, Llc sold 977,887 shares of Redwire stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $10.57, for a total transaction of $10,336,265.59. Following the completion of the sale, the director owned 21,494,349 shares of the company’s stock, valued at $227,195,268.93. This trade represents a 4.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 23,327,795 shares of company stock worth $228,806,188. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Redwire

A number of institutional investors have recently modified their holdings of RDW. AE Industrial Partners LP lifted its stake in shares of Redwire by 7.1% in the 3rd quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock valued at $823,472,000 after purchasing an additional 6,101,959 shares during the last quarter. State Street Corp lifted its stake in shares of Redwire by 61.1% in the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock valued at $35,785,000 after purchasing an additional 1,786,038 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Redwire by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock valued at $29,153,000 after purchasing an additional 91,045 shares during the last quarter. UBS Group AG lifted its stake in shares of Redwire by 140.8% in the 4th quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock valued at $15,503,000 after purchasing an additional 1,192,885 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Redwire by 46.9% in the 4th quarter. Geode Capital Management LLC now owns 1,764,643 shares of the company’s stock valued at $13,413,000 after purchasing an additional 563,259 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

About Redwire

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.