Redwire (NYSE:RDW) Shares Down 2.1% - What's Next?

Key Points

• Redwire shares fell 2.1% to about $13.21 in mid-day trading, with volume 45% below its average.
• Analyst sentiment is mixed but improving: recent firms raised price targets and ratings, while the overall consensus remains “Hold” with an average target of $14.44.
• Redwire beat quarterly expectations, reporting a loss of $0.09 per share versus the expected $0.16 loss and revenue of $117.07 million versus $107.10 million; however, it remains unprofitable with a negative net margin of 57.26%.

Redwire Corporation (NYSE:RDW - Get Free Report)'s stock price was down 2.1% during mid-day trading on Thursday . The company traded as low as $12.87 and last traded at $13.2050. 16,191,734 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 29,306,641 shares. The stock had previously closed at $13.49.

Analyst Ratings Changes

RDW has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their price objective on Redwire from $14.00 to $15.00 and gave the company a "buy" rating in a report on Monday. Cantor Fitzgerald raised their target price on shares of Redwire from $9.00 to $13.50 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. 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 restated a "buy" rating on shares of Redwire in a report on Thursday, August 6th. Finally, Truist Financial raised shares of Redwire to a "strong-buy" rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Redwire has a consensus rating of "Hold" and an average target price of $14.44.

Redwire Price Performance

The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -9.04 and a beta of 3.05. The company's fifty day moving average is $11.83 and its 200 day moving average is $11.37. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 0.08.

Redwire (NYSE:RDW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. The firm had revenue of $117.07 million for the quarter, compared to analyst estimates of $107.10 million. Redwire had a negative net margin of 57.26% and a negative return on equity of 12.65%. On average, equities research analysts predict that Redwire Corporation will post -0.68 EPS for the current year.

Insider Transactions at Redwire

In related news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the completion of the transaction, the director directly owned 1,077,419 shares of the company's stock, valued at approximately $23,142,960.12. This represents a 49.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.79% of the company's stock.

Institutional Inflows and Outflows

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

About Redwire

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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