Redwire Corporation (NYSE: RDW) is 260.35% higher on its value in year-to-date trading and has touched a low of $2.35 and a high of $10.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RDW stock was last observed hovering at around $10.06 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $10.27, the stock is 17.69% and 35.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 2.09% at the moment leaves the stock 82.52% off its SMA200. RDW registered 317.48% gain for a year compared to 6-month gain of 106.22%. The firm has a 50-day simple moving average (SMA 50) of $7.5056 and a 200-day simple moving average (SMA200) of $5.58955.
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The stock witnessed a 32.35% loss in the last 1 month and extending the period to 3 months gives it a 74.36%, and is 19.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.20% over the week and 7.83% over the month.
Redwire Corporation (RDW) has around 700 employees, a market worth around $683.37M and $298.03M in sales. Profit margin for the company is -26.69%. Distance from 52-week low is 337.02% and -2.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-54.97%).
The EPS is expected to shrink by -90.67% this year
119.0 institutions hold shares in Redwire Corporation (RDW), with institutional investors hold 48.73% of the company’s shares. The shares outstanding are 65.55M, and float is at 23.47M with Short Float at 12.76%. Institutions hold 20.87% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.45 million shares valued at $10.38 million. The investor’s holdings represent 2.2083 of the RDW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.19 million shares valued at $8.53 million to account for 1.8133 of the shares outstanding. The other top investors are BARCLAYS PLC which holds 0.76 million shares representing 1.1564 and valued at over $5.44 million, while INVESCO LTD. holds 0.9046 of the shares totaling 0.59 million with a market value of $4.25 million.
Redwire Corporation (RDW) Insider Activity
The most recent transaction is an insider sale by AE RED HOLDINGS, LLC, the company’s Director. SEC filings show that AE RED HOLDINGS, LLC sold 39,266 shares of the company’s common stock on Jul 18 ’24 at a price of $7.29 per share for a total of $0.29 million. Following the sale, the insider now owns 35.73 million shares.
Redwire Corporation disclosed in a document filed with the SEC on Jul 19 ’24 that AE RED HOLDINGS, LLC (Director) sold a total of 24,883 shares of the company’s common stock. The trade occurred on Jul 19 ’24 and was made at $7.10 per share for $0.18 million. Following the transaction, the insider now directly holds 35.71 million shares of the RDW stock.
Still, SEC filings show that on Jul 16 ’24, AE RED HOLDINGS, LLC (Director) disposed off 88,145 shares at an average price of $7.64 for $0.67 million. The insider now directly holds 35,835,431 shares of Redwire Corporation (RDW).
