Redwire (RDW) Projected to Post Quarterly Earnings on Monday

Redwire (NYSE:RDW - Get Free Report) is expected to be posting its Q4 2024 quarterly earnings results after the market closes on Monday, March 10th. Analysts expect Redwire to post earnings of ($0.18) per share and revenue of $74.55 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Redwire Trading Down 8.6 %

Shares of RDW traded down $0.97 during trading hours on Tuesday, reaching $10.30. The company had a trading volume of 3,582,123 shares, compared to its average volume of 790,487. Redwire has a 12-month low of $3.00 and a 12-month high of $26.66. The firm has a 50 day simple moving average of $18.45 and a 200-day simple moving average of $12.66. The company has a market capitalization of $685.04 million, a price-to-earnings ratio of -8.51 and a beta of 2.33.

Analyst Ratings Changes

A number of brokerages have issued reports on RDW. B. Riley raised shares of Redwire from a "neutral" rating to a "buy" rating and increased their target price for the company from $9.50 to $27.00 in a report on Monday, January 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $28.00 price objective on shares of Redwire in a report on Tuesday. Finally, HC Wainwright boosted their target price on Redwire from $18.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $18.04.

Insider Buying and Selling at Redwire

In other Redwire news, major shareholder Park Lp Genesis II sold 89,870 shares of the company's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $16.99, for a total value of $1,526,891.30. Following the transaction, the insider now directly owns 4,603,427 shares in the company, valued at approximately $78,212,224.73. This represents a 1.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 684,454 shares of company stock worth $13,682,993. 2.60% of the stock is owned by insiders.

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.