Redwire Corporation [NYSE: RDW] price surged by 51.39 percent to reach at $7.58.
The one-year RDW stock forecast points to a potential downside of -8.93. The average equity rating for RDW stock is currently 1.40, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Redwire Corporation [RDW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RDW shares is $20.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RDW stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Redwire Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 26, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price from $8 to $9.50. The new note on the price target was released on October 29, 2024, representing the official price target for Redwire Corporation stock. Previously, the target price had yet another raise to $8, while B. Riley Securities analysts kept a Buy rating on RDW stock. On July 22, 2024, analysts increased their price target for RDW shares from 6 to 8.
The Average True Range (ATR) for Redwire Corporation is set at 1.86, with the Price to Sales ratio for RDW stock in the period of the last 12 months amounting to 4.99.
RDW Stock Performance Analysis:
Redwire Corporation [RDW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 60.19. With this latest performance, RDW shares gained by 63.59% in over the last four-week period, additionally plugging by 219.91% over the last 6 months – not to mention a rise of 717.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RDW stock in for the last two-week period is set at 74.52, with the RSI for the last a single of trading hit 79.12, and the three-weeks RSI is set at 71.96 for Redwire Corporation [RDW]. The present Moving Average for the last 50 days of trading for this stock 13.52, while it was recorded at 15.98 for the last single week of trading, and 7.98 for the last 200 days.
Insight into Redwire Corporation Fundamentals:
Redwire Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 0.97.
Redwire Corporation [RDW] Institutonal Ownership Details
There are presently around $21.13%, or 49.34%% of RDW stock, in the hands of institutional investors. The top three institutional holders of RDW stocks are: BLACKROCK INC. with ownership of 1.45 million shares, which is approximately 2.2083%. VANGUARD GROUP INC, holding 1.19 million shares of the stock with an approximate value of $$8.53 million in RDW stocks shares; and VANGUARD GROUP INC, currently with $$5.44 million in RDW stock with ownership which is approximately 1.1564%.
