Redwire Corporation’s (NYSE:RDW) Share Price Is Still Matching Investor Opinion Despite 37% Slump
Explore Redwire’s Fair Values from the Community and select yours
Redwire Corporation (NYSE:RDW) shares have had a horrible month, losing 37% after a relatively good period beforehand. Looking at the bigger picture, even after this poor month the stock is up 84% in the last year.
Although its price has dipped substantially, given close to half the companies operating in the United States’ Aerospace & Defense industry have price-to-sales ratios (or “P/S”) below 3.2x, you may still consider Redwire as a stock to potentially avoid with its 4.9x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
