Redwire Corporation [RDW] stock prices are up 4.78% to $3.51 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RDW shares have gain 12.86% over the last week, with a monthly amount glided 17.39%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, Redwire Corporation Reports Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Revenues for full year 2023 increased 51.9% to $243.8 million.
From an analyst’s perspective:
Redwire Corporation [NYSE: RDW] stock has seen the most recent analyst activity on February 02, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $5. Previously, Alliance Global Partners started tracking the stock with Buy rating on December 20, 2023, and set its price target to $5. On September 13, 2023, ROTH MKM initiated with a Buy rating and assigned a price target of $10 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $5 on April 21, 2023. Jefferies initiated its recommendation with a Buy and recommended $15 as its price target on September 28, 2021.
The stock price of Redwire Corporation [RDW] has been fluctuating between $2.35 and $4.27 over the past year. Redwire Corporation [NYSE: RDW] shares were valued at $3.51 at the most recent close of the market.
Analyzing the RDW fundamentals
The Redwire Corporation [NYSE:RDW] reported sales of 243.80M for trailing twelve months, representing a surge of 18.21%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is 1.01 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -4.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.33 points at the first support level, and at 3.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.72, and for the 2nd resistance point, it is at 3.92.
Redwire Corporation [RDW] reported earnings per share of -$0.25 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.12/share, meaning a difference of -$0.13 and a surprise factor of -108.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.14 per share as compared to estimates of -$0.14 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It’s worth pointing out that Redwire Corporation [NYSE:RDW]’s Current Ratio is 0.98. Also, the Quick Ratio is 0.96, while the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 0.93.
Transactions by insiders
Recent insider trading involved Edmunds Chris, Chief Accounting Officer, that happened on Nov 30 ’23 when 2000.0 shares were purchased. Chief Accounting Officer, Edmunds Chris completed a deal on Nov 29 ’23 to buy 3000.0 shares. Meanwhile, Chief Financial Officer Baliff Jonathan bought 2500.0 shares on Nov 17 ’23.
