In today’s recent session, 2.8 million shares of the Redwire Corporation (NYSE:RDW) have been traded, and its beta is 2.17. Most recently the company’s share price was $18.39, and it changed around $3.64 or 24.68% from the last close, which brings the market valuation of the company to $1.22B. RDW at last check was trading at a discount to its 52-week high of $18.54, offering almost -0.82% off that amount. The share price’s 52-week low was $2.69, which indicates that the recent value has risen by an impressive 85.37% since then. We note from Redwire Corporation’s average daily trading volume that its 10-day average is 1.17 million shares, with the 3-month average coming to 875.68K.
Redwire Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended RDW as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Redwire Corporation is expected to report earnings per share of -0.08 for the current quarter.
Redwire Corporation (NYSE:RDW) trade information
Instantly RDW has been showing a green trend so far today with a performance of 24.68% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 18.91 on recent trading dayincreased the stock’s daily price by 2.75%. The company’s shares are currently up 11.73% year-to-date, but still up 31.92% over the last five days. On the other hand, Redwire Corporation (NYSE:RDW) is 34.73% up in the 30-day period. We can see from the shorts that 5.33 million shares have been sold at a short interest cover period of 5.36 day(s).
The consensus price target as assigned by Wall Street analysts is $8.88, which translates to bulls needing to decrease their stock price by -107.09% from its current value. Analyst projections state that RDW is forecast to be at a low of $8.25 and a high of $9.5.
Redwire Corporation (RDW) estimates and forecasts
Redwire Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 163.47 percent over the past six months and at a -47.95% annual growth rate that is well below the industry average of 14.40%. The year-over-year growth rate is expected to be 27.20%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 74.59M in revenue for the current quarter. 3 analysts expect Redwire Corporation to make 79.59M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 63.48M and 87.79M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 17.49%. Forecasts for the next quarter put sales growth at -9.34%.
RDW Dividends
Redwire Corporation’s next quarterly earnings report is expected to be released in February.
Redwire Corporation (NYSE:RDW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 57.18% of Redwire Corporation shares, and 21.13% of them are in the hands of institutional investors. The stock currently has a share float of 49.34%. Redwire Corporation stock is held by 132.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 2.2083% of the shares, which is about 1.45 million shares worth $10.38 million.
VANGUARD GROUP INC, with 1.8133% or 1.19 million shares worth $8.53 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 737.34 shares worth $14.36 million, making up 1.11% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 601.89 shares worth around $11.72 million, which represents about 0.90% of the total shares outstanding.
