Redwire (NYSE:RDW) Trading Down 4.2% – Time to Sell?

Shares of Redwire Corporation (NYSE:RDW) were down 4.2% during trading on Wednesday . The stock traded as low as $9.29 and last traded at $9.3350. Approximately 19,174,458 shares were traded during trading, a decline of 38% from the average session volume of 31,070,127 shares. The stock had previously closed at $9.74.

Analyst Ratings Changes

Several research analysts have issued reports on RDW shares. Truist Financial raised shares of Redwire to a “strong-buy” rating in a report on Friday, May 1st. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a report on Wednesday, April 22nd. Canaccord Genuity Group raised their price target on shares of Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a report on Tuesday, April 21st. Finally, Wall Street Zen lowered Redwire from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.44.

Redwire Price Performance

The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average price is $14.47 and its two-hundred day moving average price is $11.34. The stock has a market capitalization of $2.23 billion, a PE ratio of -3.48 and a beta of 3.01.

Redwire (NYSE:RDW) last issued its 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 company had revenue of $96.97 million during the quarter, compared to analysts’ expectations of $105.94 million. During the same quarter in the prior year, the business posted ($0.09) EPS. The company’s revenue for the quarter was up 57.9% compared to the same quarter last year. On average, equities analysts predict that Redwire Corporation will post -0.81 earnings per share for the current year.

Insider Buying and Selling at Redwire

In other news, Director Ae Red Holdings, Llc sold 3,145,207 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $10.57, for a total transaction of $33,244,837.99. Following the transaction, the director directly owned 26,273,144 shares of the company’s stock, valued at $277,707,132.08. This represents a 10.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 8,994,567 shares of company stock worth $106,558,778. 0.79% of the stock is owned by corporate insiders.

Institutional Trading of Redwire

Large investors have recently modified their holdings of the company. Bank of America Corp DE increased its position in 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 acquiring an additional 6,730,414 shares during the last quarter. State Street Corp grew its stake in shares of Redwire by 61.1% during the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock valued at $35,785,000 after purchasing an additional 1,786,038 shares during the period. Vanguard Group Inc. increased its position in shares of Redwire by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock valued at $29,153,000 after purchasing an additional 91,045 shares during the last quarter. UBS Group AG increased its position in shares of Redwire by 140.8% during the 4th quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock valued at $15,503,000 after purchasing an additional 1,192,885 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Redwire by 46.9% in the 4th quarter. Geode Capital Management LLC now owns 1,764,643 shares of the company’s stock worth $13,413,000 after purchasing an additional 563,259 shares during the period. Institutional investors own 8.10% of the company’s stock.

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.