In the latest trading session, 0.43 million Redwire Corporation (NYSE:RDW) shares changed hands as the company’s beta touched 2.19. With the company’s most recent per share price at $14.26 changed hands at -$1.25 or -8.06% at last look, the market valuation stands at $948.87M. RDW’s current price is a discount, trading about -30.01% off its 52-week high of $18.54. The share price had its 52-week low at $2.68, which suggests the last value was 81.21% up since then. When we look at Redwire Corporation’s average trading volume, we note the 10-day average is 1.46 million shares, with the 3-month average coming to 822.86K.
Analysts gave the Redwire Corporation (RDW) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended RDW as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Redwire Corporation’s EPS for the current quarter is expected to be -0.08.
Redwire Corporation (NYSE:RDW) trade information
Instantly RDW was in red as seen in intraday trades today. With action -21.17%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -13.37%, with the 5-day performance at -21.17% in the red. However, in the 30-day time frame, Redwire Corporation (NYSE:RDW) is 20.44% up. Looking at the short shares, we see there were 4.41 million shares sold at short interest cover period of 5.36 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8.88, meaning bulls need a downside of -60.59% from its recent market value. According to analyst projections, RDW’s forecast low is 8.25 with 9.5 as the target high. To hit the forecast high, the stock’s price needs a 33.38% surge from its current level, while the stock would need to tank 42.15% for it to hit the projected low.
Redwire Corporation (RDW) estimates and forecasts
Data shows that the Redwire Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 84.72% over the past 6 months, a -47.95% in annual growth rate that is considerably lower than the industry average of 13.20%. Year-over-year growth is forecast to reach 27.20% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 74.59M. 3 analysts are of the opinion that Redwire Corporation’s revenue for the current quarter will be 79.59M. The company’s revenue for the corresponding quarters a year ago was 63.48M and 87.79M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.49%. The estimates for the next quarter sales put growth at -9.34%.
The 2025 estimates are for Redwire Corporation earnings to decrease by -140.00%.
RDW Dividends
Redwire Corporation is expected to release its next quarterly earnings report in February.
Redwire Corporation (NYSE:RDW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 57.18% of Redwire Corporation shares while 21.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 49.88%. There are 21.36% institutions holding the Redwire Corporation stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 2.2083% of the shares, roughly 1.45 million RDW shares worth $10.38 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 1.8133% or 1.19 million shares worth $8.53 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 737.34 shares estimated at $10.38 million under it, the former controlled 1.11% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 0.90% of the shares, roughly 601.89 shares worth around $8.47 million.
