Redwire (RDW) Expected to Announce Quarterly Earnings on Monday

Redwire (NYSE:RDW - Get Free Report) is projected to post its quarterly earnings results before the market opens on Monday, March 10th. Analysts expect Redwire to post earnings of ($0.18) per share and revenue of $74.55 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Redwire Trading Down 12.7 %

Shares of NYSE RDW traded down $1.80 during trading hours on Thursday, reaching $12.32. The stock had a trading volume of 1,691,004 shares, compared to its average volume of 756,980. The firm has a 50-day moving average of $18.78 and a 200-day moving average of $12.51. The firm has a market cap of $819.79 million, a price-to-earnings ratio of -10.26 and a beta of 2.23. Redwire has a fifty-two week low of $2.98 and a fifty-two week high of $26.66.

Insider Buying and Selling

In other Redwire news, major shareholder Park Lp Genesis II sold 10,115 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $24.11, for a total value of $243,872.65. Following the completion of the transaction, the insider now owns 3,644,566 shares in the company, valued at approximately $87,870,486.26. This represents a 0.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 684,454 shares of company stock valued at $13,682,993 over the last ninety days. Corporate insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RDW. Roth Mkm lifted their target price on shares of Redwire from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, November 8th. Cantor Fitzgerald began coverage on shares of Redwire in a research note on Friday, January 24th. They issued an "overweight" rating and a $28.00 price objective on the stock. HC Wainwright increased their target price on shares of Redwire from $18.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Finally, B. Riley raised Redwire from a "neutral" rating to a "buy" rating and raised their price target for the stock from $9.50 to $27.00 in a report on Monday, January 27th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $18.04.

About Redwire

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.