Redwire Corporation (NYSE:RDW) shares, rose in value on Tuesday, December 31, with the stock price down by -6.74% to the previous day’s close as strong demand from buyers drove the stock to $16.46.
Actively observing the price movement in the last trading, the stock closed the session at $17.65, falling within a range of $16.4516 and $18.15. The value of beta (5-year monthly) was 1.936. Referring to stock’s 52-week performance, its high was $18.28, and the low was $2.68. On the whole, RDW has fluctuated by 17.91% over the past month.
With the market capitalization of Redwire Corporation currently standing at about $1.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 310.13M, with a low estimate of 70M and a high estimate of 76.11M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 74.59M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RDW’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of RDW currently trading nearly 18.94% and 41.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.09, while the 7-day volatility ratio is showing 11.81% which for the 30-day chart, stands at 10.72%. Furthermore, Redwire Corporation (RDW)’s beta value is 2.17, and its average true range (ATR) is 1.39.
A comparison of Redwire Corporation (RDW) with its peers suggests the former has fared considerably weaker in the market. RDW showed an intraday change of -6.74% in last session, and over the past year, it grew by 477.54%%.
Data on historical trading for Redwire Corporation (NYSE:RDW) indicates that the trading volumes over the past 10 days have averaged 1.23 and over the past 3 months, they’ve averaged 714.86K. According to company’s latest data on outstanding shares, there are 65.93 million shares outstanding.
Nearly 64.64% of Redwire Corporation’s shares belong to company insiders and institutional investors own 14.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.41 million shares as on 2024-12-13, resulting in a short ratio of 5.36. According to the data, the short interest in Redwire Corporation (RDW) stood at 1525.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 3.33 million. The stock has risen by 477.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RDW stock heading into the next quarter.
