Redwire Corporation (NYSE:RDW) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Redwire Corporation (NYSE:RDW) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $15.4444.

RDW has been the topic of several research reports. Canaccord Genuity Group upped their price target on shares of Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a report on Wednesday, April 22nd. Wall Street Zen cut Redwire from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research note on Friday, July 17th. Finally, Truist Financial upgraded shares of Redwire to a “strong-buy” rating in a research report on Friday, May 1st.

Redwire Stock Performance

Shares of RDW stock opened at $8.71 on Tuesday. Redwire has a 52 week low of $4.87 and a 52 week high of $26.64. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -3.25 and a beta of 3.01. The company has a 50-day simple moving average of $14.03 and a 200 day simple moving average of $11.38. 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 issued its quarterly earnings data 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). The company had revenue of $96.97 million for the quarter, compared to analyst estimates of $105.94 million. Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.The company’s revenue was up 57.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.09) earnings per share. On average, sell-side analysts predict that Redwire will post -0.81 earnings per share for the current year.

Insider Activity

In other news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the business’s stock in a transaction 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 owned 1,077,419 shares of the company’s stock, valued at approximately $23,142,960.12. The trade was a 49.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RDW. Parallel Advisors LLC acquired a new stake in shares of Redwire in the 1st quarter valued at approximately $28,000. KBC Group NV acquired a new position in Redwire during the 1st quarter worth approximately $29,000. Sunbelt Securities Inc. increased its position in Redwire by 601.1% during the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after purchasing an additional 3,396 shares in the last quarter. CWM LLC lifted its stake in Redwire by 1,725.0% in the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after purchasing an additional 3,864 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Redwire by 1,054.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after purchasing an additional 3,668 shares during the last quarter. Institutional investors and hedge funds 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.