Redwire (NYSE:RDW) Stock Price Down 4.1% – Time to Sell?

Redwire Corporation (NYSE:RDW)’s share price fell 4.1% during mid-day trading on Tuesday . The stock traded as low as $10.19 and last traded at $10.26. Approximately 8,083,941 shares were traded during trading, a decline of 71% from the average session volume of 27,939,064 shares. The stock had previously closed at $10.70.

Analyst Ratings Changes

Several equities analysts recently weighed in on RDW shares. Jefferies Financial Group set a $15.00 target price on shares of Redwire in a research note on Sunday, August 9th. Wall Street Zen raised shares of Redwire from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research report on Friday, July 17th. Finally, Cantor Fitzgerald raised their price target on Redwire from $9.00 to $13.50 and gave the company an “overweight” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.69.

Redwire Stock Performance

The business’s fifty day moving average price is $10.78 and its two-hundred day moving average price is $11.47. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.48 and a current ratio of 3.92. The stock has a market capitalization of $2.55 billion, a P/E ratio of -7.00 and a beta of 3.08.

Redwire (NYSE:RDW) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07. Redwire had a negative return on equity of 11.02% and a negative net margin of 57.26%.The company had revenue of $117.07 million during the quarter, compared to analyst estimates of $107.10 million. As a group, sell-side analysts forecast that Redwire Corporation will post -0.7 earnings per share for the current year.

Insider Transactions at Redwire

In other news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $21.48, for a total value of $22,995,736.20. Following the sale, the director owned 1,077,419 shares of the company’s stock, valued at approximately $23,142,960.12. This represents a 49.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Redwire

Several hedge funds have recently added to or reduced their stakes in RDW. 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 in the 1st quarter valued at $29,000. Sunbelt Securities Inc. increased its stake in Redwire by 601.1% in the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after purchasing an additional 3,396 shares during the period. CWM LLC lifted its position in shares of Redwire by 1,725.0% during the fourth quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after purchasing an additional 3,864 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Redwire by 1,054.0% during the fourth 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 period. 8.10% of the stock is currently owned by institutional investors.

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.