Redwire Corporation (NYSE: RDW) is 442.11% higher on its value in year-to-date trading and has touched a low of $2.68 and a high of $15.25 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 $14.06 in the last trading session, with the day’s gains setting it 1.01%.
Currently trading at $15.07, the stock is 14.46% and 37.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.61 million and changing 7.18% at the moment leaves the stock 115.89% off its SMA200. RDW registered 425.51% gain for a year compared to 6-month gain of 135.88%. The firm has a 50-day simple moving average (SMA 50) of $10.7834 and a 200-day simple moving average (SMA200) of $6.9188.
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The stock witnessed a 17.31% loss in the last 1 month and extending the period to 3 months gives it a 122.30%, and is 13.19% 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 11.24% over the week and 9.92% over the month.
Redwire Corporation (RDW) has around 700 employees, a market worth around $1.07B and $298.03M in sales. Profit margin for the company is -26.69%. Distance from 52-week low is 462.31% and -1.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-54.97%).
with sales reaching $74.59M over the same period.The EPS is expected to shrink by -105.37% this year, but quarterly earnings will post 27.20% year-over-year. Quarterly sales are estimated to grow 17.49% in year-over-year returns.
126.0 institutions hold shares in Redwire Corporation (RDW), with institutional investors hold 50.38% of the company’s shares. The shares outstanding are 65.93M, and float is at 23.53M with Short Float at 18.75%. Institutions hold 21.57% 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 Genesis Park II LP, the company’s 10% Owner. SEC filings show that Genesis Park II LP sold 16,717 shares of the company’s common stock on Dec 02 ’24 at a price of $15.01 per share for a total of $0.25 million. Following the sale, the insider now owns 4.69 million shares.
Redwire Corporation disclosed in a document filed with the SEC on Jul 18 ’24 that AE RED HOLDINGS, LLC (Director) sold a total of 39,266 shares of the company’s common stock. The trade occurred on Jul 18 ’24 and was made at $7.29 per share for $0.29 million. Following the transaction, the insider now directly holds 35.73 million shares of the RDW stock.
Still, SEC filings show that on Jul 19 ’24, AE RED HOLDINGS, LLC (Director) disposed off 24,883 shares at an average price of $7.10 for $0.18 million. The insider now directly holds 35,708,528 shares of Redwire Corporation (RDW).
