Redwire Corporation (NYSE:RDW)’s traded shares stood at 1.17 million during the last session, with the company’s beta value hitting 2.02. At the close of trading, the stock’s price was $10.27, to imply an increase of 2.09% or $0.21 in intraday trading. The RDW share’s 52-week high remains $10.50, putting it -2.24% down since that peak but still an impressive 77.12% since price per share fell to its 52-week low of $2.35. The company has a valuation of $683.37M, with an average of 0.64 million shares in intraday trading volume over the past 10 days and average of 383.62K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Redwire Corporation (RDW), translating to a mean rating of 1.40. Of 7 analyst(s) looking at the stock, 0 analyst(s) give RDW a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.08.
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Redwire Corporation (NYSE:RDW) trade information
After registering a 2.09% upside in the last session, Redwire Corporation (RDW) has traded red over the past five days. The 5-day price performance for the stock is 19.70%, and 32.35% over 30 days. With these gigs, the year-to-date price performance is 260.35%. Short interest in Redwire Corporation (NYSE:RDW) saw shorts transact 2.99 million shares and set a 7.33 days time to cover.
The extremes give us $8.25 and $9.5 for target low and target high price respectively. As such, RDW has been trading 7.5% off suggested target high and 19.67% from its likely low.
Redwire Corporation (RDW) estimates and forecasts
Looking at statistics comparing Redwire Corporation share performance against respective industry, we note that the company has underperformed competitors. Redwire Corporation (RDW) shares are 106.22% up over the last 6 months, with its year-to-date growth rate lower than industry average at -43.84% against 13.00%. Revenue is forecast to grow 14.89% this quarter before jumping 31.37% for the next one. The rating firms project that company’s revenue will grow 27.21% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 74.41M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 79.59M.Earnings reports from the last fiscal year show that sales brought in 63.48M and 87.79M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 17.21% before dropping -9.34% in the following quarter.
RDW Dividends
Redwire Corporation has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Redwire Corporation (NYSE:RDW)’s Major holders
Redwire Corporation insiders hold 57.18% of total outstanding shares, with institutional holders owning 20.87% of the shares at 48.73% float percentage. In total, 20.87% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 1.45 million shares (or 2.2083% of shares), all amounting to roughly $10.38 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 1.19 million shares, or about 1.8133% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $8.53 million.
