In the last trading session, 1.49 million shares of the Redwire Corporation (NYSE:RDW) were traded, and its beta was 2.25. Most recently the company’s share price was $20.93, and it changed around -$0.81 or -3.73% from the last close, which brings the market valuation of the company to $1.40B. RDW currently trades at a discount to its 52-week high of $26.66, offering almost -27.38% off that amount. The share price’s 52-week low was $2.89, which indicates that the current value has risen by an impressive 86.19% since then. We note from Redwire Corporation’s average daily trading volume that its 10-day average is 2.08 million shares, with the 3-month average coming to 1.40 million.
Redwire Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. 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, 0 recommended RDW as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.
Redwire Corporation (NYSE:RDW) trade information
Instantly RDW has showed a red trend with a performance of -3.73% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 24.58 on recent trading dayincreased the stock’s daily price by 14.85%. The company’s shares are currently up 27.16% year-to-date, but still down -12.50% over the last five days. On the other hand, Redwire Corporation (NYSE:RDW) is 24.51% up in the 30-day period. We can see from the shorts that 5.41 million shares have been sold at a short interest cover period of 4.5 day(s).
The consensus price target as assigned by Wall Street analysts is $9.5, which translates to bulls needing to decrease their stock price by -120.32% from its current value. Analyst projections state that RDW is forecast to be at a low of $9.5 and a high of $9.5.
RDW Dividends
Redwire Corporation’s next quarterly earnings report is expected to be released in March.
Redwire Corporation (NYSE:RDW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 57.02% of Redwire Corporation shares, and 20.94% of them are in the hands of institutional investors. The stock currently has a share float of 48.74%. Redwire Corporation stock is held by 135.0 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 $15.43 million, making up 1.11% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 653.01 shares worth around $13.67 million, which represents about 0.98% of the total shares outstanding.
