Redwire Corporation (NYSE:RDW) has a beta value of 2.23 and has seen 3.34 million shares traded in the last trading session. The company, currently valued at $1.46B, closed the last trade at $21.81 per share which meant it gained $0.57 on the day or 2.68% during that session. The RDW stock price is -7.06% off its 52-week high price of $23.35 and 87.35% above the 52-week low of $2.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.47 million shares traded. The 3-month trading volume is 1.16 million shares.
The consensus among analysts is that Redwire Corporation (RDW) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 7 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.08.
Redwire Corporation (NYSE:RDW) trade information
Sporting 2.68% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RDW stock price touched $21.81 or saw a rise of 11.05%. Year-to-date, Redwire Corporation shares have moved 32.50%, while the 5-day performance has seen it change 47.86%. Over the past 30 days, the shares of Redwire Corporation (NYSE:RDW) have changed 55.12%. Short interest in the company has seen 5.33 million shares shorted with days to cover at 5.36.
Wall Street analysts have a consensus price target for the stock at $8.88, which means that the shares’ value could drop -145.61% from current levels. The projected low price target is $8.25 while the price target rests at a high of $9.5. In that case, then, we find that the current price level is 56.44% off the targeted high while a plunge would see the stock lose 62.17% from current levels.
Redwire Corporation (RDW) estimates and forecasts
Figures show that Redwire Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 215.17% over the past 6 months, with this year growth rate of -58.90%, compared to 15.30% for the industry. Revenue growth from the last financial year stood is estimated to be 26.89%.
6 analysts offering their estimates for the company have set an average revenue estimate of 74.74M for the current quarter. 4 have an estimated revenue figure of 96.53M for the next ending quarter. Year-ago sales stood 63.48M and 87.79M respectively for this quarter and the next, and analysts expect sales will grow by 17.73% for the current quarter and 26.89% for the next.
RDW Dividends
Redwire Corporation is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Redwire Corporation (NYSE:RDW)’s Major holders
Insiders own 57.00% of the company shares, while shares held by institutions stand at 21.14% with a share float percentage of 49.15%. Investors are also buoyed by the number of investors in a company, with Redwire Corporation having a total of 132.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 1.45 million shares worth more than $10.38 million. As of 2024-06-30, BLACKROCK INC. held 2.2083% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 1.19 million shares as of 2024-06-30. The firm’s total holdings are worth over $8.53 million and represent 1.8133% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 1.11% shares in the company for having 737.34 shares of worth $16.08 million while later fund manager owns 601.89 shares of worth $13.13 million as of Oct 31, 2024 , which makes it owner of about 0.90% of company’s outstanding stock.
