Redwire Corporation (NYSE:RDW) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Redwire Corporation (NYSE:RDW) has an average analyst rating of "Moderate Buy" from nine analysts, with one sell rating, one hold rating, and seven buy ratings.
• The stock is currently priced at $9.23, significantly lower than its 12-month price target of $18.07 projected by analysts.
• In a recent quarterly report, Redwire missed earnings expectations, reporting a loss of ($0.39) per share, and generated revenue of $61.76 million, falling short of estimates of $80.48 million.

Redwire Corporation (NYSE:RDW - Get Free Report) has earned an average rating of "Moderate Buy" from the nine analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $18.0714.

A number of equities analysts recently weighed in on RDW shares. Bank of America started coverage on Redwire in a report on Monday, August 18th. They issued an "underperform" rating and a $10.00 price target for the company. HC Wainwright reaffirmed a "buy" rating and issued a $22.00 price target (down previously from $26.00) on shares of Redwire in a report on Friday, August 8th. Wall Street Zen cut Redwire from a "hold" rating to a "strong sell" rating in a report on Saturday, August 9th. Truist Financial set a $16.00 price target on Redwire and gave the stock a "hold" rating in a report on Thursday, June 26th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Redwire in a report on Tuesday, June 24th.

Redwire Stock Performance

Shares of RDW opened at $9.23 on Wednesday. The stock has a 50-day moving average of $11.04 and a two-hundred day moving average of $12.24. Redwire has a one year low of $6.32 and a one year high of $26.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.46. The stock has a market cap of $1.33 billion, a P/E ratio of -2.84 and a beta of 2.49.

Redwire (NYSE:RDW - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.28). The business had revenue of $61.76 million during the quarter, compared to analyst estimates of $80.48 million. Redwire had a negative return on equity of 32.67% and a negative net margin of 71.95%. As a group, research analysts predict that Redwire will post -0.85 EPS for the current year.

Insider Activity

In other news, major shareholder Bain Capital Credit Member, Ll sold 11,000,000 shares of Redwire stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $7.83, for a total value of $86,130,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Redwire

A number of institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Redwire by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company's stock worth $212,000 after acquiring an additional 532 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Redwire by 7.4% in the first quarter. Gabelli Funds LLC now owns 18,871 shares of the company's stock worth $156,000 after acquiring an additional 1,300 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Redwire by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company's stock worth $102,000 after acquiring an additional 1,533 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Redwire by 10.4% in the second quarter. Vontobel Holding Ltd. now owns 18,507 shares of the company's stock worth $302,000 after acquiring an additional 1,751 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its position in shares of Redwire by 71.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,724 shares of the company's stock valued at $126,000 after purchasing an additional 3,213 shares in the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.

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