Redwire (NYSE:RDW) Trading Up 3.8% – Should You Buy?

Redwire Corporation (NYSE:RDW) was up 3.8% during trading on Thursday . The stock traded as high as $15.39 and last traded at $15.3330. Approximately 44,061,229 shares changed hands during trading, an increase of 63% from the average daily volume of 26,988,939 shares. The stock had previously closed at $14.77.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RDW shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. Roth Mkm restated a “buy” rating and set a $20.00 price target on shares of Redwire in a report on Wednesday, January 28th. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Truist Financial raised shares of Redwire to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $13.00 target price on shares of Redwire in a research note on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.22.

Redwire Stock Performance

The company has a 50 day moving average price of $10.14 and a 200 day moving average price of $8.95. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -5.72 and a beta of 2.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75.

Redwire (NYSE:RDW) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.24). Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.The firm had revenue of $96.97 million during the quarter, compared to the consensus estimate of $105.94 million. During the same quarter in the previous year, the company posted ($0.09) EPS. The firm’s revenue was up 57.9% on a year-over-year basis. Equities research analysts predict that Redwire Corporation will post -0.67 earnings per share for the current fiscal year.

Insider Activity

In other Redwire news, Director Ae Red Holdings, Llc sold 7,500,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $9.15, for a total transaction of $68,625,000.00. Following the completion of the sale, the director owned 36,135,217 shares in the company, valued at approximately $330,637,235.55. The trade was a 17.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 23,327,795 shares of company stock valued at $228,806,188. 0.79% of the stock is owned by company insiders.

Institutional Trading of Redwire

Hedge funds and other institutional investors have recently bought and sold shares of the business. AE Industrial Partners LP grew its holdings in shares of Redwire by 7.1% during the third quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock valued at $823,472,000 after buying an additional 6,101,959 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Redwire by 7,512.5% during the first quarter. Bank of America Corp DE now owns 6,820,003 shares of the company’s stock valued at $57,970,000 after buying an additional 6,730,414 shares during the last quarter. State Street Corp lifted its position in Redwire by 61.1% in the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock valued at $35,785,000 after acquiring an additional 1,786,038 shares in the last quarter. Vanguard Group Inc. lifted its position in Redwire by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock valued at $29,153,000 after acquiring an additional 91,045 shares in the last quarter. Finally, UBS Group AG lifted its position in Redwire by 140.8% in the 4th quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock valued at $15,503,000 after acquiring an additional 1,192,885 shares in the last quarter. 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.