In the last trading session, 2.12 million Redwire Corporation (NYSE:RDW) shares changed hands as the company’s beta touched 2.24. With the company’s per share price at $17.91 changed hands at -$2.09 or -10.45% during last session, the market valuation stood at $1.20B. RDW’s last price was a discount, traded about -48.86% off its 52-week high of $26.66. The share price had its 52-week low at $2.89, which suggests the last value was 83.86% up since then.
Analysts gave the Redwire Corporation (RDW) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. 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 at the end of in last trading. With action -30.20%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 8.81%, with the 5-day performance at -30.20% in the red. However, in the 30-day time frame, Redwire Corporation (NYSE:RDW) is -17.27% down.
The consensus price target for the stock as assigned by Wall Street analysts is 9.5, meaning bulls need a downside of -88.53% from its current market value. According to analyst projections, RDW’s forecast low is 9.5 with 9.5 as the target high. To hit the forecast high, the stock’s price needs a 46.96% surge from its current level, while the stock would need to tank 46.96% for it to hit the projected low.
Redwire Corporation (RDW) estimates and forecasts
Year-over-year growth is forecast to reach 26.89% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 74.55M. 3 analysts are of the opinion that Redwire Corporation’s revenue for the current quarter will be 81.52M. 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 17.42%. The estimates for the next quarter sales put growth at -7.14%. The 2025 estimates are for Redwire Corporation earnings to decrease by -145.45%.
Redwire Corporation (NYSE:RDW)’s Major holders
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 $13.21 million under it, the former controlled 1.11% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 0.98% of the shares, roughly 653.01 shares worth around $11.7 million.
