A share price of Redwire Corporation [RDW] is currently trading at $7.69, up 6.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The RDW shares have gain 11.94% over the last week, with a monthly amount glided 34.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Redwire Corporation [NYSE: RDW] stock has seen the most recent analyst activity on August 09, 2024, when B. Riley Securities upgraded its rating to a Buy but kept the price target unchanged to $8 for it. Previously, B. Riley Securities downgraded its rating to Neutral on July 22, 2024, and elevated its price target to $8. On February 02, 2024, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $5 on the stock. Alliance Global Partners started tracking the stock assigning a Buy rating and suggested a price target of $5 on December 20, 2023. ROTH MKM initiated its recommendation with a Buy and recommended $10 as its price target on September 13, 2023. B. Riley Securities started tracking with a Buy rating for this stock on April 21, 2023, and assigned it a price target of $5. In a note dated September 28, 2021, Jefferies initiated an Buy rating and provided a target price of $15 on this stock.
Redwire Corporation experienced fluctuations in its stock price throughout the past year between $2.35 and $8.23. Currently, Wall Street analysts expect the stock to reach $8.13 within the next 12 months. Redwire Corporation [NYSE: RDW] shares were valued at $7.69 at the most recent close of the market. An investor can expect a potential return of 5.72% based on the average RDW price forecast.
Analyzing the RDW fundamentals
Trailing Twelve Months sales for Redwire Corporation [NYSE:RDW] were 292.00M which represents 29.97% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is 0.81 and Total Capital is -0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.66.
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 7.39 points at the first support level, and at 7.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.85, and for the 2nd resistance point, it is at 8.00.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Redwire Corporation [NYSE:RDW] is 0.98. On the other hand, the Quick Ratio is 0.96, and the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.75.
Transactions by insiders
Recent insider trading involved AE RED HOLDINGS, LLC, Director, that happened on Jul 18 ’24 when 39266.0 shares were sold. Director, AE RED HOLDINGS, LLC completed a deal on Jul 19 ’24 to sell 24883.0 shares. Meanwhile, Director AE RED HOLDINGS, LLC sold 88145.0 shares on Jul 16 ’24.
