Redwire (NYSE:RDW) Shares Gap Up – Should You Buy?

Redwire Corporation (NYSE:RDW)’s share price gapped up prior to trading on Monday . The stock had previously closed at $14.06, but opened at $15.39. Redwire shares last traded at $13.9780, with a volume of 35,719,035 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RDW shares. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $13.00 price target on shares of Redwire in a research note on Sunday, May 10th. Canaccord Genuity Group boosted their price target on Redwire from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. Finally, Truist Financial upgraded Redwire to a “strong-buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.22.

Redwire Stock Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.75 and a quick ratio of 1.37. The stock has a market capitalization of $2.70 billion, a P/E ratio of -5.20 and a beta of 2.41. The company has a fifty day moving average of $9.83 and a two-hundred day moving average of $8.82.

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

Insiders Place Their Bets

In related news, Director Ae Red Holdings, Llc sold 977,887 shares of the business’s stock in a transaction dated 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 completion of the sale, the director directly owned 21,494,349 shares of the company’s stock, valued at $227,195,268.93. The trade was a 4.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 23,327,795 shares of company stock valued at $228,806,188 over the last three months. 0.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Redwire

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC bought a new position in shares of Redwire during the first quarter valued at approximately $28,000. KBC Group NV bought a new position in Redwire during the 1st quarter valued at $29,000. Sunbelt Securities Inc. boosted its stake in Redwire by 601.1% during the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock valued at $30,000 after purchasing an additional 3,396 shares in the last quarter. CWM LLC boosted its stake in Redwire by 1,725.0% during 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 in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Redwire by 1,054.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after acquiring an additional 3,668 shares during the last quarter. 8.10% of the stock is 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.