In the last trading session, 1.07 million shares of the Redwire Corporation (NYSE:RDW) were traded, and its beta was 2.34. Most recently the company’s share price was $9.24, and it changed around -$0.13 or -1.39% from the last close, which brings the market valuation of the company to $712.22M. RDW currently trades at a discount to its 52-week high of $26.66, offering almost -188.53% off that amount. The share price’s 52-week low was $3.39, which indicates that the current value has risen by an impressive 63.31% since then. We note from Redwire Corporation’s average daily trading volume that its 10-day average is 2.04 million shares, with the 3-month average coming to 2.19 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 is expected to report earnings per share of 0 for the current quarter.
Redwire Corporation (NYSE:RDW) trade information
Instantly RDW has showed a red trend with a performance of -1.39% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 10.28 on recent trading dayincreased the stock’s daily price by 10.12%. The company’s shares are currently down -43.86% year-to-date, but still up 23.04% over the last five days. On the other hand, Redwire Corporation (NYSE:RDW) is -1.49% down in the 30-day period. We can see from the shorts that 5.05 million shares have been sold at a short interest cover period of 2.38 day(s).
The consensus price target as assigned by Wall Street analysts is $9.5, which translates to bulls needing to increase their stock price by 2.74% 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.
Redwire Corporation (RDW) estimates and forecasts
The year-over-year growth rate is expected to be 41.77%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 74.54M in revenue for the current quarter. 3 analysts expect Redwire Corporation to make 85.26M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 87.79M and 78.11M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -15.09%. Forecasts for the next quarter put sales growth at 9.15%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -53.57%.
RDW Dividends
Redwire Corporation’s next quarterly earnings report is expected to be released on 2025-Mar-09.
Redwire Corporation (NYSE:RDW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.83% of Redwire Corporation shares, and 72.84% of them are in the hands of institutional investors. The stock currently has a share float of 74.96%. Redwire Corporation stock is held by 167.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 2.204% 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 737.34 shares worth $6.81 million, making up 0.98% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 600.04 shares worth around $5.54 million, which represents about 0.79% of the total shares outstanding.
