Redwire (NYSE:RDW) Trading Down 5.2% – What’s Next?

Redwire Corporation (NYSE:RDW)’s stock price traded down 5.2% during trading on Thursday . The company traded as low as $11.38 and last traded at $11.76. Approximately 15,014,336 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 28,856,160 shares. The stock had previously closed at $12.40.

Wall Street Analyst Weigh In

RDW has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research note on Friday, July 17th. Cantor Fitzgerald lifted their price objective on Redwire from $9.00 to $13.50 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Wall Street Zen raised Redwire from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Jefferies Financial Group set a $15.00 target price on Redwire in a report on Sunday, August 9th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.44.

Redwire Stock Down 5.2%

The business has a 50 day moving average of $11.36 and a 200 day moving average of $11.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.92 and a quick ratio of 3.48. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -8.05 and a beta of 3.05.

Redwire (NYSE:RDW) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The firm had revenue of $117.07 million for the quarter, compared to the consensus estimate of $107.10 million. Redwire had a negative net margin of 57.26% and a negative return on equity of 11.02%. On average, equities analysts anticipate that Redwire Corporation will post -0.68 EPS for the current year.

Insider Buying and Selling at Redwire

In related news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $21.48, for a total value of $22,995,736.20. Following the sale, the director owned 1,077,419 shares of the company’s stock, valued at $23,142,960.12. The trade was a 49.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Redwire

A number of institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC bought a new stake in shares of Redwire in the 1st quarter valued at approximately $28,000. KBC Group NV bought a new position in shares of Redwire during the 1st quarter worth approximately $29,000. Sunbelt Securities Inc. lifted its position in shares of Redwire by 601.1% during the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after buying an additional 3,396 shares during the period. CWM LLC boosted its stake in Redwire by 1,725.0% in the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after buying an additional 3,864 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Redwire by 1,054.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after buying an additional 3,668 shares in the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.

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.