Redwire (NYSE:RDW) Stock Price Down 15% - Here's Why

Key Points

• Redwire shares fell 15% after quarterly revenue of $109 million missed analysts’ $127 million estimate, despite a smaller-than-expected loss per share of $0.06.
• The company reported a record $619.7 million backlog, up nearly 75% year over year, and won a $20 million contract for additional Otter testing.
• Analysts’ consensus rating is Hold, with an average price target of $14.28.

Redwire Corporation (NYSE:RDW - Get Free Report)'s share price fell 15% during trading on Thursday. The company traded as low as $6.62 and last traded at $6.5630. 4,815,208 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 24,599,844 shares. The stock had previously closed at $7.72.

Trending Headlines about Redwire

Here are the key news stories impacting Redwire this week:

• Positive Sentiment: Redwire reported record backlog of $619.7 million, up nearly 75% year over year, and a book-to-bill ratio of 1.73. The company also said it achieved record gross margins, pointing to strong demand and a growing pipeline of work. Redwire Q3 2026 results
• Positive Sentiment: The company won a $20 million contract for additional Otter very-low-Earth-orbit testing and experimentation, adding to its near-term business opportunities. Otter VLEO contract announcement
• Positive Sentiment: Quarterly loss per share of $0.06 was narrower than analysts’ expected $0.10 loss, and the loss improved from a year earlier. Redwire earnings results
• Negative Sentiment: Revenue of about $109 million fell short of the roughly $127 million consensus estimate. That top-line miss appears to be the main near-term concern, offsetting the EPS beat and strong backlog growth. Redwire’s mixed quarterly results

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Alliance Global Partners reiterated a "buy" rating on shares of Redwire in a research note 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. Weiss Ratings restated a "sell (d-)" rating on shares of Redwire in a research note on Thursday, October 15th. Jefferies Financial Group set a $15.00 price target on Redwire in a research report on Sunday, August 9th. Finally, Wall Street Zen upgraded Redwire from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Redwire currently has a consensus rating of "Hold" and an average price target of $14.28.

Redwire Stock Down 19.7%

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 business has a 50-day moving average price of $9.98 and a 200-day moving average price of $11.05. The firm has a market capitalization of $1.55 billion, a PE ratio of -4.22 and a beta of 3.15.

Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.04. The firm had revenue of $109.03 million during the quarter, compared to analysts' expectations of $126.75 million. Redwire had a negative return on equity of 11.02% and a negative net margin of 57.26%. Equities research analysts forecast that Redwire Corporation will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ae Red Holdings, Llc sold 929,435 shares of Redwire stock in a transaction 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 owned 147,984 shares in the company, valued at $1,678,138.56. The trade was a 86.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Redwire

A number of hedge funds have recently modified their holdings of RDW. BlackRock Inc. acquired a new stake in Redwire in the second quarter valued at $196,514,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Redwire during the 3rd quarter worth about $126,591,000. Van ECK Associates Corp increased its holdings in shares of Redwire by 173.0% in the 2nd quarter. Van ECK Associates Corp now owns 6,851,228 shares of the company's stock valued at $83,791,000 after acquiring an additional 4,341,424 shares during the last quarter. Bank of America Corp DE raised its position in shares of Redwire by 7,512.5% during the 1st quarter. Bank of America Corp DE now owns 6,820,003 shares of the company's stock worth $57,970,000 after acquiring an additional 6,730,414 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Redwire during the 2nd quarter worth about $16,583,000. Hedge funds and other institutional investors 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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