Redwire Corporation (NYSE:RDW – Get Free Report) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.4375.
A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group upped their target price on Redwire from $14.00 to $15.00 and gave the company a “buy” rating in a report on Monday, August 10th. Cantor Fitzgerald raised their price target on shares of Redwire from $9.00 to $13.50 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Truist Financial raised shares of Redwire to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Redwire from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th.
Check Out Our Latest Report on RDW
Insider Buying and Selling
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of RDW. Jupiter Topco LLC acquired a new position in Redwire in the 2nd quarter valued at approximately $894,000. Hsbc Holdings PLC bought a new position in shares of Redwire during the second quarter valued at $350,000. Legal & General Group Plc bought a new position in Redwire during the 2nd quarter valued at about $1,763,000. The Manufacturers Life Insurance Company bought a new position in shares of Redwire in the second quarter valued at approximately $1,303,000. Finally, Algert Global LLC boosted its stake in Redwire by 247.6% in the second quarter. Algert Global LLC now owns 175,870 shares of the company’s stock worth $2,151,000 after purchasing an additional 125,270 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.
Redwire Trading Up 2.8%
Shares of NYSE:RDW opened at $13.57 on Friday. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of -9.30 and a beta of 3.05. Redwire has a 1-year low of $4.87 and a 1-year high of $26.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 3.92. The company has a 50 day moving average price of $11.56 and a 200 day moving average price of $11.39.
Redwire (NYSE:RDW – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $117.07 million during the quarter, compared to analyst estimates of $107.10 million. On average, research analysts anticipate that Redwire will post -0.68 EPS for the current fiscal year.
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.
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