Redwire (NYSE:RDW) Shares Down 10.1% – What’s Next?

Redwire Corporation (NYSE:RDW) was down 10.1% during mid-day trading on Thursday . The company traded as low as $8.36 and last traded at $8.4150. 18,300,864 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 30,977,008 shares. The stock had previously closed at $9.36.

Analysts Set New Price Targets

RDW has been the topic of several analyst reports. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. Wall Street Zen lowered shares of Redwire from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Canaccord Genuity Group upped their price objective on shares of Redwire from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group upgraded Redwire to a “hold” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.44.

Redwire Trading Down 10.1%

The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of -3.14 and a beta of 3.01. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $14.47 and a two-hundred day moving average of $11.35.

Redwire (NYSE:RDW) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.24). Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The company had revenue of $96.97 million for the quarter, compared to analyst estimates of $105.94 million. During the same quarter last year, the business earned ($0.09) EPS. The company’s revenue for the quarter was up 57.9% on a year-over-year basis. On average, research analysts expect that Redwire Corporation will post -0.81 EPS for the current year.

Insider Transactions at Redwire

In related news, Director Ae Red Holdings, Llc sold 2,034,536 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $10.77, for a total value of $21,911,952.72. Following the transaction, the director directly owned 24,238,608 shares in the company, valued at approximately $261,049,808.16. This trade represents a 7.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 5,849,360 shares of company stock valued at $73,313,940. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Redwire

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC acquired a new stake in shares of Redwire in the first quarter valued at about $28,000. KBC Group NV acquired a new position in shares of Redwire during the 1st quarter worth about $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 purchasing an additional 3,396 shares during the last quarter. CWM LLC boosted its stake in Redwire by 1,725.0% during the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after purchasing an additional 3,864 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in Redwire by 1,054.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after purchasing an additional 3,668 shares during the period. 8.10% of the stock is currently owned by institutional investors.

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.