Redwire Corporation (NYSE:RDW) concluded the trading at $21.72 on Wednesday, February 19 with a fall of -7.89% from its closing price on previous day.
Considering stock’s 52-week price range provides that RDW hit a high price of $26.66 and saw its price falling to a low level of $2.89 during that period. Over a period of past 1-month, stock came adding 47.25% in its value.
With its current market valuation of $1.46 billion, Redwire Corporation is set to declare its quarterly results in March. Analysts are in estimates of -0.08 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -0.54 for current year with estimates of that growing to -0.03 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 74.55M. They suggested that in the process company could generate revenue of as low as 70.9M which could climb up to 76.11M to hit a high. The average estimate is representing an increase of 17.42% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 309.36M in current fiscal year, which will be 26.89% more from revenue generated by the company last year.
In contrast, when we review RDW stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
According to ratings assigned by 7 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 2 of them are recommending Redwire Corporation (RDW) as a Hold, while 5 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the RDW stock which is currently positioned at 0. It further provides that stock’s current price level is -4.55% away from its 20-day simple moving average and is 20.60% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 51.56 while volatility remained at 14.23% over the past week which changes to 13.71% when measuring it over the past month. Beta is valued at 2.24, while measure of average true range or ATR is currently at 2.62. In predicting price targets of as low as $9.5 and as high as $9.5, analysts are in agreement on assigning the stock over the next 12 months average price target of $9.5. Stock’s current price level is 56.26% above from estimated low price target while it is 56.26% below the estimated high; and even if the RDW’s share succeeded to reach the median price of $9.5, then the outlook of 56.26% could come to the excitement of the investors.
The percentage of outstanding shares held by the insiders is 62.71% while it is 19.97% for the institutional holders. Addition of 31.96% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
