Redwire Corporation (NYSE:RDW) Stock Has Average Price Target of $14.28 According to Analysts

Key Points

• Analysts hold a mixed view of Redwire: Thirteen analysts have assigned the stock an average “Hold” rating, with an average 12-month price target of $14.28. Ratings include two sells, five holds, five buys, and one strong buy.
• RDW opened at $9.00, well below its $14.28 consensus target, but remains highly volatile, with a 52-week range of $4.87 to $26.64 and a beta of 3.12.
• Redwire exceeded quarterly expectations, reporting an adjusted loss of $0.09 per share versus the $0.16 expected loss and revenue of $117.07 million versus the $107.10 million consensus. However, the company remained unprofitable, with a negative net margin of 57.26%.

Shares of Redwire Corporation (NYSE:RDW - Get Free Report) have earned an average rating of "Hold" from the thirteen analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $14.28.

RDW has been the topic of several recent research reports. Wall Street Zen upgraded shares of Redwire from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Alliance Global Partners reiterated a "buy" rating on shares of Redwire in a report on Thursday, August 6th. Guggenheim started coverage on Redwire in a research report on Monday, September 14th. They issued a "neutral" rating on the stock. Jefferies Financial Group set a $15.00 price objective on Redwire in a research note on Sunday, August 9th. Finally, Canaccord Genuity Group upped their target price on Redwire from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, August 10th.

Redwire Price Performance

RDW stock opened at $9.00 on Thursday. Redwire has a 52-week low of $4.87 and a 52-week high of $26.64. The stock's fifty day simple moving average is $10.34 and its 200-day simple moving average is $11.11. The company has a quick ratio of 3.48, a current ratio of 3.92 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -6.17 and a beta of 3.12.

Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.07. Redwire had a negative net margin of 57.26% and a negative return on equity of 11.02%. The company had revenue of $117.07 million during the quarter, compared to the consensus estimate of $107.10 million. Equities research analysts expect that Redwire will post -0.73 EPS for the current year.

Insider Activity at Redwire

In related news, Director Ae Red Holdings, Llc sold 929,435 shares of the business's stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $11.34, for a total transaction of $10,539,792.90. Following the transaction, the director directly owned 147,984 shares of the company's stock, valued at approximately $1,678,138.56. The trade was a 86.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.79% of the company's stock.

Institutional Trading of Redwire

Several large investors have recently bought and sold shares of RDW. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Redwire in the third quarter valued at $356,000. Victory Financial Group LLC acquired a new stake in Redwire during the 3rd quarter valued at $113,000. Signaturefd LLC increased its stake in Redwire by 211.8% during the 3rd quarter. Signaturefd LLC now owns 3,077 shares of the company's stock worth $32,000 after buying an additional 2,090 shares during the period. Sterling Capital Management LLC increased its stake in Redwire by 216.5% during the 3rd quarter. Sterling Capital Management LLC now owns 6,444 shares of the company's stock worth $67,000 after buying an additional 4,408 shares during the period. Finally, Inspire Investing LLC lifted its holdings in Redwire by 4.5% in the 3rd quarter. Inspire Investing LLC now owns 58,943 shares of the company's stock worth $615,000 after buying an additional 2,536 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company's stock.

Redwire Company Profile

Redwire Corporation NYSE: RDW is a space infrastructure and defense technology company that develops products and services for government and commercial customers. Its capabilities support spacecraft, space stations, national security missions, and other applications across the space economy.

The company's offerings include deployable solar arrays, spacecraft platforms, avionics, sensors, communications systems, digital engineering and mission-support services. Redwire also develops robotic systems, in-space manufacturing technologies, payloads, and other solutions designed to enable spacecraft operations and the production of materials in orbit.

Redwire was formed in 2020 through the combination of several space technology businesses backed by AE Industrial Partners and became a publicly traded company in 2021.

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