In last trading session, Redwire Corporation (NYSE:RDW) saw 1.46 million shares changing hands with its beta currently measuring 1.71. Company’s recent per share price level of $4.24 trading at $0.32 or 8.16% at ring of the bell on the day assigns it a market valuation of $274.75M. That closing price of RDW’s stock is at a discount of -0.71% from its 52-week high price of $4.27 and is indicating a premium of 44.58% from its 52-week low price of $2.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.4 million shares which gives us an average trading volume of 198.25K if we extend that period to 3-months.
Redwire Corporation (NYSE:RDW) trade information
Upright in the green during last session for gaining 8.16%, in the last five days RDW remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $4.24 price level, adding 3.85% to its value on the day. Redwire Corporation’s shares saw a change of 48.77% in year-to-date performance and have moved 32.50% in past 5-day. Redwire Corporation (NYSE:RDW) showed a performance of 44.22% in past 30-days. Number of shares sold short was 3.22 million shares which calculate 14.97 days to cover the short interests.
Redwire Corporation (RDW) estimates and forecasts
Statistics highlight that Redwire Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 33.33% of value to its shares in past 6 months, showing an annual growth rate of 49.32% while that of industry is 11.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 33.30% in the current quarter and calculating 37.50% increase in the next quarter. This year revenue growth is estimated to rise 23.70% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $66.02 million for the same. And 5 analysts are in estimates of company making revenue of $71.27 million in the next quarter that will end on Jun 2024. Company posted $57.6 million and $58.23 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 14.60% while estimating it to be 22.40% for the next quarter.
RDW Dividends
Redwire Corporation is more likely to be releasing its next quarterly report on March 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Redwire Corporation (NYSE:RDW)’s Major holders
Insiders are in possession of 57.92% of company’s total shares while institution are holding 15.31 percent of that, with stock having share float percentage of 36.37%. Investors also watch the number of corporate investors in a company very closely, which is 15.31% institutions for Redwire Corporation that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at RDW for having 0.94 million shares of worth $2.39 million. And as of Jun 29, 2023, it was holding 1.45% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 0.85 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 1.31% of outstanding shares, having a total worth of $2.17 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.56 million shares of worth $1.43 million or 0.87% of the total outstanding shares. The later fund manager was in possession of 0.3 million shares on Aug 30, 2023, making its stake of worth around $0.97 million in the company or a holder of 0.47% of company’s stock.
