Redwire (NYSE:RDW) Stock Price Up 9% - Here's Why
2026-04-03 08:14:44 ET
Redwire Corporation ( NYSE:RDW – Get Free Report )’s share price rose 9% during mid-day trading on Wednesday . The stock traded as high as $9.48 and last traded at $9.2690. Approximately 9,874,900 shares traded hands during trading, a decline of 59% from the average daily volume of 24,037,287 shares. The stock had previously closed at $8.50.
Analyst Upgrades and Downgrades
RDW has been the topic of a number of research analyst reports. Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Cantor Fitzgerald reduced their target price on Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. KeyCorp began coverage on Redwire in a research note on Thursday, December 18th. They set a “sector weight” rating for the company. Roth Mkm reiterated a “buy” rating and set a $20.00 price objective on shares of Redwire in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group decreased their price objective on Redwire from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.89.
Redwire Stock Up 6.9%
The stock has a market capitalization of $1.86 billion, a P/E ratio of -4.10 and a beta of 2.49. The stock has a 50 day moving average price of $9.51 and a 200-day moving average price of $8.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.27.
Redwire ( NYSE:RDW – Get Free Report ) last issued its earnings results on Wednesday, February 25th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.19). Redwire had a negative net margin of 67.55% and a negative return on equity of 13.04%. The company had revenue of $108.79 million for the quarter, compared to analysts’ expectations of $98.78 million. As a group, research analysts expect that Redwire Corporation will post -0.85 EPS for the current fiscal year.
Insider Buying and Selling at Redwire
In other news, Director Ae Red Holdings, Llc sold 2,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $9.45, for a total value of $23,625,000.00. Following the transaction, the director owned 33,635,217 shares in the company, valued at approximately $317,852,800.65. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Insiders sold a total of 51,587,273 shares of company stock worth $557,353,017 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.
Institutional Investors Weigh In On Redwire
A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Redwire by 125.0% during the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock valued at $426,000 after acquiring an additional 28,576 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Redwire by 352.8% in the first quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock worth $2,945,000 after purchasing an additional 276,814 shares during the last quarter. Strs Ohio bought a new stake in shares of Redwire in the first quarter worth about $69,000. Swiss National Bank increased its holdings in Redwire by 84.1% during the 2nd quarter. Swiss National Bank now owns 95,000 shares of the company’s stock valued at $1,548,000 after purchasing an additional 43,400 shares during the period. Finally, Legal & General Group Plc raised its position in Redwire by 59.3% during the 2nd quarter. Legal & General Group Plc now owns 85,257 shares of the company’s stock valued at $1,390,000 after purchasing an additional 31,750 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.
About Redwire
( Get Free Report )
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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NASDAQ: RDW
RDW Trading
-5.79% G/L:
$13.595 Last:
31,223,122 Volume:
$13.73 Open:
