Redwire Corporation (NYSE:RDW) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Redwire Corporation (NYSE:RDW) has received a consensus rating of "Moderate Buy" from analysts, with one sell, one hold, and seven buy recommendations among the nine analysts covering the stock.
• The average 1-year target price for Redwire shares is $18.07, while the stock currently trades at approximately $8.91, highlighting potential upside.
• Redwire reported a significant earnings miss with an EPS of ($0.39) for the last quarter, compared to expectations of ($0.11), indicating challenges in revenue generation.

Shares of Redwire Corporation (NYSE:RDW - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.0714.

A number of equities analysts have weighed in on the stock. Alliance Global Partners reaffirmed a "buy" rating on shares of Redwire in a research note on Monday, May 12th. Canaccord Genuity Group dropped their price target on shares of Redwire from $21.00 to $17.50 and set a "buy" rating on the stock in a research note on Monday, August 11th. Truist Financial set a $16.00 price target on shares of Redwire and gave the stock a "hold" rating in a research note on Thursday, June 26th. Bank of America assumed coverage on shares of Redwire in a research note on Monday, August 18th. They set an "underperform" rating and a $10.00 price target on the stock. Finally, Wall Street Zen cut shares of Redwire from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 9th.

Redwire Price Performance

RDW stock opened at $8.91 on Friday. Redwire has a 1 year low of $5.67 and a 1 year high of $26.66. The company has a market cap of $1.28 billion, a P/E ratio of -2.74 and a beta of 2.52. The firm has a 50-day moving average of $13.64 and a 200 day moving average of $13.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.46 and a quick ratio of 1.11.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP purchased a new position in shares of Redwire during the 4th quarter valued at $33,000. Ameritas Advisory Services LLC purchased a new position in shares of Redwire during the 2nd quarter valued at $54,000. KLP Kapitalforvaltning AS purchased a new position in shares of Redwire during the 1st quarter valued at $42,000. FNY Investment Advisers LLC purchased a new position in shares of Redwire during the 1st quarter valued at $47,000. Finally, GAMMA Investing LLC increased its holdings in Redwire by 69,077.8% in the 1st quarter. GAMMA Investing LLC now owns 6,226 shares of the company's stock valued at $52,000 after acquiring an additional 6,217 shares during the last quarter. Hedge funds and other institutional investors own 8.10% of the company's stock.

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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