Redwire (NYSE:RDW) Stock Price Up 6.7% – Should You Buy?

Redwire Corporation (NYSE:RDW)’s stock price rose 6.7% on Monday . The stock traded as high as $11.89 and last traded at $11.6650. 29,093,788 shares traded hands during trading, a decline of 10% from the average session volume of 32,190,873 shares. The stock had previously closed at $10.93.

Analyst Ratings Changes

Several research analysts have weighed in on RDW shares. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. Jefferies Financial Group raised shares of Redwire to a “hold” rating in a report on Wednesday, June 10th. Finally, Truist Financial raised shares of Redwire to a “strong-buy” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Redwire currently 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 stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of -4.35 and a beta of 2.91. The business’s 50 day simple moving average is $14.23 and its 200-day simple moving average is $11.04.

Redwire (NYSE:RDW) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $96.97 million for the quarter, compared to the consensus estimate of $105.94 million. During the same period last year, the company posted ($0.09) EPS. The business’s revenue was up 57.9% on a year-over-year basis. On average, research analysts forecast that Redwire Corporation will post -0.76 earnings per share for the current year.

Insider Activity at Redwire

In related news, Director Ae Red Holdings, Llc sold 3,145,207 shares of the company’s 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 completion of the sale, the director directly owned 26,273,144 shares in the company, valued at $277,707,132.08. This represents a 10.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 13,211,433 shares of company stock worth $147,576,208. 0.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC bought a new stake in shares of Redwire during the 1st quarter valued at approximately $28,000. KBC Group NV bought a new position in Redwire in the first quarter valued at about $29,000. Sunbelt Securities Inc. boosted its position in Redwire by 601.1% during the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after buying an additional 3,396 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Redwire by 1,054.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock worth $31,000 after purchasing an additional 3,668 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Redwire by 1,725.0% in the fourth quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after acquiring an additional 3,864 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.