Redwire (NYSE:RDW) Shares Down 7.2% – What’s Next?

Shares of Redwire Corporation (NYSE:RDW) dropped 7.2% during mid-day trading on Monday . The company traded as low as $8.62 and last traded at $8.6650. Approximately 13,585,434 shares changed hands during trading, a decline of 43% from the average daily volume of 23,896,506 shares. The stock had previously closed at $9.34.

Wall Street Analyst Weigh In

RDW has been the topic of a number of research reports. Canaccord Genuity Group boosted their target price on shares of Redwire from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. Weiss Ratings restated 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 research note on Wednesday, January 28th. Finally, Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.89.

Redwire Stock Performance

The company has a market capitalization of $1.65 billion, a P/E ratio of -3.63 and a beta of 2.41. The firm has a 50 day moving average price of $9.38 and a two-hundred day moving average price of $8.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.62.

Redwire (NYSE:RDW) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.19). Redwire had a negative net margin of 67.55% and a negative return on equity of 13.04%. The company had revenue of $108.79 million during the quarter, compared to the consensus estimate of $98.78 million. On average, research analysts expect that Redwire Corporation will post -0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Redwire

In other news, Director Ae Red Holdings, Llc sold 977,887 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $10.57, for a total value of $10,336,265.59. Following the sale, the director directly owned 21,494,349 shares in the company, valued at approximately $227,195,268.93. This represents a 4.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 28,132,190 shares of company stock valued at $280,964,494. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Redwire

Large investors have recently modified their holdings of the stock. Andar Capital Management HK Ltd grew its stake in shares of Redwire by 76.5% in the 3rd quarter. Andar Capital Management HK Ltd now owns 300,000 shares of the company’s stock valued at $2,697,000 after purchasing an additional 130,000 shares during the period. Register Financial Advisors LLC grew its stake in shares of Redwire by 46.8% in the 3rd quarter. Register Financial Advisors LLC now owns 327,900 shares of the company’s stock valued at $2,948,000 after purchasing an additional 104,597 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Redwire by 2,556.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 577,271 shares of the company’s stock worth $5,190,000 after acquiring an additional 555,536 shares in the last quarter. Capelight Capital Asset Management LP acquired a new position in shares of Redwire in the 4th quarter worth approximately $1,330,000. Finally, Canal Insurance CO boosted its holdings in shares of Redwire by 50.0% in the 3rd quarter. Canal Insurance CO now owns 300,000 shares of the company’s stock worth $2,697,000 after acquiring an additional 100,000 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors.

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.