During the recent session, Redwire Corporation (NYSE:RDW)’s traded shares were 0.43 million, with the beta value of the company hitting 2.18. At the last check today, the stock’s price was $16.59, reflecting an intraday gain of 0.82% or $0.13. The 52-week high for the RDW share is $18.28, that puts it down -10.19 from that peak though still a striking 83.85% gain since the share price plummeted to a 52-week low of $2.68. The company’s market capitalization is $1.10B, and the average intraday trading volume over the past 10 days was 1.23 million shares, and the average trade volume was 726.44K shares over the past three months.
Redwire Corporation (RDW) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.40. RDW has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.08.
Redwire Corporation (NYSE:RDW) trade information
Redwire Corporation (RDW) registered a 0.82% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.82% in intraday trading to $16.59, hitting a weekly high. The stock’s 5-day price performance is 10.11%, and it has moved by 25.05% in 30 days. Based on these gigs, the overall price performance for the year is 460.61%. The short interest in Redwire Corporation (NYSE:RDW) is 4.41 million shares and it means that shorts have 5.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.88, which implies a decrease of -86.82% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.25 and $9.5 respectively. As a result, RDW is trading at a premium of 42.74% off the target high and 50.27% off the low.
Redwire Corporation (RDW) estimates and forecasts
Statistics show that Redwire Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Redwire Corporation (RDW) shares have gone up 137.40% during the last six months, with a year-to-date growth rate less than the industry average at -47.95% against 13.60. In the rating firms’ projections, revenue will increase 27.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 74.59M as predicted by 6 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 79.59M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 63.48M and 87.79M respectively. In this case, analysts expect current quarter sales to grow by 17.49% and then drop by -9.34% in the coming quarter.
While earnings are projected to return -105.37% in 2025.
RDW Dividends
Redwire Corporation is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Redwire Corporation (NYSE:RDW)’s Major holders
Redwire Corporation insiders own 57.18% of total outstanding shares while institutional holders control 21.56%, with the float percentage being 50.35%. BLACKROCK INC. is the largest shareholder of the company, while 126.0 institutions own stock in it. As of 2024-06-30, the company held over 1.45 million shares (or 2.2083% of all shares), a total value of $10.38 million in shares.
The next largest institutional holding, with 1.19 million shares, is of VANGUARD GROUP INC’s that is approximately 1.8133% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $8.53 million.
