Redwire Corporation (NYSE:RDW) trading with a subtraction of -$0.69 to $11.44 on Thursday, a downside of -5.69 percent. An average of 3,637,050 shares of common stock have been traded in the last five days. There was a gain of $1.51 in the past week. The last 20 days have seen an average of 1,282,267 shares traded.
RDW stock has increased by 13.68% in the last month. The company shares reached their 1-month lowest point of $8.78 on 10/06/21. Shares of the company touched a low of $8.78 and a high of $13.34 in 52 weeks. In spite of this, the price is down -14.24% from the 52-week high.
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Redwire Corporation (RDW) has a trailing price-to-earnings (P/E) ratio of 18.50 for the broader industry and 28.91 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.23, the price-to-book (PB) ratio at 2.07.
The quick ratio of Redwire Corporation for the recent quarter was 2.70, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Redwire Corporation’s return on assets was -14.10%.
From a technical analysis perspective, let’s take a brief look at Redwire Corporation (RDW) price momentum. RSI 9-day as of the close on 13 October was 59.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 131.60%.
As of today, RDW’s price is $10.42 +15.51% or $1.51 from its 5-day moving average. RDW is currently trading +1.94% higher than its 20-day SMA.
The stochastic %K and %D were 62.70% and 45.93%, respectively, and the average true range (ATR) was 1.06. With the 14-day stochastic at 61.70% and the average true range at 0.95, the RSI (14) stands at 53.96%. The stock has reached 1.25 on the 9-day MACD Oscillator while the 14-day reading was at 1.28.
Jefferies launched coverage on Redwire Corporation (NYSE: RDW) in its analyst report released on September 28, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Redwire Corporation (RDW) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RDW, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is RDW’s price target for the next 12 months?
Analysts predict a range of price targets between $15.00 and $15.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for Redwire Corporation (RDW) stock is $15.00.