RDW Stock Summary and Trading Ideas (Redwire | NYSE:RDW)

Redwire Corp is engaged in mission-critical space solutions and reliable components for the next-generation space economy. It assists its customers in solving the complex challenges of future space missions and industries. The company's space infrastructure offerings include a broad array of modern products and services, which have been enabling space missions. The company's Heritage plus Innovation strategy enables it to combine decades of flight heritage with a culture creating new technologies that are the building blocks of space infrastructure for government and commercial customers.

Redwire trades on the NYSE stock market under the symbol RDW.

As of December 13, 2024, RDW stock price climbed to $12.03 with 387,006 million shares trading.

RDW has a beta of 3.36, meaning it tends to be more sensitive to market movements. RDW has a correlation of 0.31 to the broad based SPY ETF.

RDW has a market cap of $800.42 million. This is considered a Small Cap stock.

Last quarter Redwire reported $69 million in Revenue and -$.37 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.23.

In the last 3 years, RDW traded as high as $15.25 and as low as $1.67.

The top ETF exchange traded funds that RDW belongs to (by Net Assets): IWM, DWAS, VTI, VXF, IWN.

RDW has outperformed the market in the last year with a return of +316.3%, while the SPY ETF gained +29.9%. In the last 3 month period, RDW beat the market returning +85.4%, while SPY returned +7.8%. However, in the most recent 2 weeks RDW has underperformed the stock market by returning -13.8%, while SPY returned +0.3%.

RDW support price is $10.83 and resistance is $12.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RDW shares will trade within this expected range on the day.