Redwire (NYSE:RDW) Stock Price Down 10.2% – Should You Sell?

Shares of Redwire Corporation (NYSE:RDW) traded down 10.2% during trading on Tuesday . The company traded as low as $10.13 and last traded at $10.2050. Approximately 16,385,162 shares were traded during trading, a decline of 49% from the average daily volume of 31,831,326 shares. The stock had previously closed at $11.36.

Analyst Ratings Changes

RDW has been the topic of a number of research analyst reports. Truist Financial raised Redwire to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research report on Tuesday, April 21st. Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a report on Wednesday, April 22nd. Finally, Canaccord Genuity Group boosted their target price on Redwire from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, May 11th. 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. Based on data from MarketBeat.com, Redwire has a consensus rating of “Moderate Buy” and a consensus price target of $15.44.

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 company has a market cap of $2.44 billion, a price-to-earnings ratio of -3.81 and a beta of 3.01. The firm has a 50 day simple moving average of $14.35 and a 200-day simple moving average of $11.23.

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

Insider Buying and Selling at Redwire

In related news, Director Ae Red Holdings, Llc sold 3,145,207 shares of Redwire stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $10.57, for a total value of $33,244,837.99. Following the completion of the sale, the director owned 26,273,144 shares in the company, valued at approximately $277,707,132.08. This trade represents a 10.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 13,211,433 shares of company stock worth $147,576,208. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Redwire

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Redwire by 4.4% during the fourth quarter. Farther Finance Advisors LLC now owns 20,897 shares of the company’s stock worth $159,000 after buying an additional 877 shares in the last quarter. Parvin Asset Management LLC lifted its position in shares of Redwire by 6.9% during the 1st quarter. Parvin Asset Management LLC now owns 17,825 shares of the company’s stock worth $152,000 after purchasing an additional 1,150 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Redwire by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock worth $102,000 after purchasing an additional 1,533 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Redwire by 12.0% in the second quarter. BNP Paribas Financial Markets now owns 30,396 shares of the company’s stock valued at $495,000 after buying an additional 3,248 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new stake in Redwire during the 1st quarter worth about $28,000. 8.10% of the stock is owned by institutional investors and hedge funds.

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.