Redwire (NYSE:RDW) Trading Down 2.3% - What's Next?

Key Points

• Redwire shares fell 2.3% to approximately $10.63 in Friday trading, with volume down 57% from the average. The company has a $2.66 billion market capitalization and a high beta of 3.08, indicating substantial volatility.
• Analyst sentiment is mixed, with an overall “Hold” consensus and an average price target of $14.69. Targets range from $8.00 at Bank of America to $15.00 at Jefferies.
• Redwire exceeded quarterly expectations, reporting a loss of $0.09 per share versus the projected $0.16 loss and revenue of $117.07 million versus estimates of $107.10 million. Despite the revenue and earnings beat, the company posted a negative net margin of 57.26%.

Redwire Corporation (NYSE:RDW - Get Free Report) shares fell 2.3% on Friday . The stock traded as low as $10.59 and last traded at $10.6250. Approximately 11,863,244 shares were traded during trading, a decline of 57% from the average daily volume of 27,294,105 shares. The stock had previously closed at $10.87.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RDW. Bank of America lifted their price objective on Redwire from $7.00 to $8.00 and gave the stock an "underperform" rating in a report on Monday, August 31st. Alliance Global Partners restated a "buy" rating on shares of Redwire in a research report on Thursday, August 6th. Cantor Fitzgerald lifted their price target on Redwire from $9.00 to $13.50 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Jefferies Financial Group set a $15.00 price target on Redwire in a research report on Sunday, August 9th. Finally, Wall Street Zen raised Redwire from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $14.69.

Redwire Trading Down 2.3%

The company has a current ratio of 3.92, a quick ratio of 3.48 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $10.69 and a two-hundred day moving average price of $11.58. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -7.28 and a beta of 3.08.

Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. The firm had revenue of $117.07 million during the quarter, compared to analysts' expectations of $107.10 million. Redwire had a negative return on equity of 11.02% and a negative net margin of 57.26%. As a group, research analysts forecast that Redwire Corporation will post -0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Redwire

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Redwire by 125.0% during the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company's stock worth $426,000 after purchasing an additional 28,576 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Redwire by 352.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company's stock valued at $2,945,000 after buying an additional 276,814 shares during the period. Strs Ohio acquired a new stake in shares of Redwire during the 1st quarter worth approximately $69,000. Rhumbline Advisers increased its holdings in shares of Redwire by 61.0% during the 2nd quarter. Rhumbline Advisers now owns 56,517 shares of the company's stock worth $921,000 after buying an additional 21,417 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Redwire by 57.6% during the 2nd quarter. Invesco Ltd. now owns 21,198 shares of the company's stock valued at $346,000 after buying an additional 7,750 shares during the period. Hedge funds and other institutional investors own 8.10% of the company's stock.

Redwire Company Profile

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.

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