Redwire Corporation (NYSE:RDW) Receives Consensus Rating of “Hold” from Analysts

Redwire Corporation (NYSE:RDW) has received a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $13.1250.

A number of analysts have issued reports on the company. HC Wainwright reaffirmed a “buy” rating and set a $22.00 price target on shares of Redwire in a report on Tuesday, December 23rd. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research note on Thursday, November 6th. Industrial Alliance Securities set a $9.00 price target on shares of Redwire in a research note on Thursday, November 6th. Canaccord Genuity Group cut their price objective on shares of Redwire from $17.50 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Finally, Bank of America reduced their price objective on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating for the company in a research report on Wednesday, November 19th.

Insider Activity at Redwire

In other news, CEO Peter Anthony Cannito, Jr. acquired 32,155 shares of the company’s stock in a transaction on Monday, November 10th. The shares were bought at an average price of $6.21 per share, with a total value of $199,682.55. Following the completion of the acquisition, the chief executive officer owned 526,728 shares in the company, valued at $3,270,980.88. This trade represents a 6.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $10.51, for a total value of $133,021,738.33. Following the sale, the director owned 61,541,253 shares in the company, valued at $646,798,569.03. This trade represents a 17.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have purchased 56,065 shares of company stock worth $330,047 and have sold 23,953,093 shares worth $252,001,857. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Redwire

Large investors have recently modified their holdings of the company. CWM LLC increased its holdings in shares of 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 acquiring an additional 3,864 shares during the period. Abich Financial Wealth Management LLC purchased a new position in Redwire during the 3rd quarter worth $41,000. Russell Investments Group Ltd. increased its stake in Redwire by 308.6% in the third quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after purchasing an additional 3,672 shares during the period. Ameritas Advisory Services LLC acquired a new position in Redwire in the second quarter valued at $54,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Redwire by 440.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock valued at $60,000 after buying an additional 5,395 shares during the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.

Redwire Stock Down 12.5%

Shares of Redwire stock opened at $10.95 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Redwire has a 52-week low of $4.87 and a 52-week high of $26.66. The company has a market capitalization of $1.81 billion, a P/E ratio of -3.45 and a beta of 2.44. The company has a 50 day moving average of $8.02 and a 200 day moving average of $9.31.

Redwire (NYSE:RDW) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.15). The firm had revenue of $103.43 million during the quarter, compared to analyst estimates of $132.05 million. Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. As a group, research analysts forecast that Redwire will post -0.85 EPS for the current fiscal year.

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.