Babcock & Wilcox Enterprises Inc (NYSE:BW) price on Friday, November 15, fall -3.80% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.77.
A look at the stock’s price movement, the close in the last trading session was $1.84, moving within a range at $1.64 and $1.82. Turning to its 52-week performance, $2.99 and $0.75 were the 52-week high and 52-week low respectively. Overall, BW moved -32.44% over the past month.
Babcock & Wilcox Enterprises Inc’s market cap currently stands at around $166.94 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-12.
Analysts have a consensus estimate of 212.3M for the company’s revenue for the quarter, with a low and high estimate of 195M and 228.8M respectively. The average forecast suggests down to a -6.56% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 863.37M, representing a -13.61% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BW is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend BW as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BW’s current price about -24.60% and -14.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.67, while 7-day volatility ratio is 13.35% and 9.45% in the 30-day chart. Further, Babcock & Wilcox Enterprises Inc (BW) has a beta value of 1.72, and an average true range (ATR) of 0.24. Analysts have given the company’s stock an average 52-week price target of $6.5, forecast between a low of $6.5 and high of $6.5. Looking at the price targets, the low is -267.23% off current price level while to achieve the yearly target high, price needs to move -267.23%. Nonetheless, investors will most likely welcome a -267.23% jump to $6.5 which is the analysts’ median price.
If we refocus on Babcock & Wilcox Enterprises Inc (NYSE:BW), historical trading data shows that trading volumes averaged 1.61 over the past 10 days and 1.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 89.45 million shares.
The 5.76% of Babcock & Wilcox Enterprises Inc’s shares are in the hands of company insiders while institutional holders own 72.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.07 million on 2024-10-31, giving us a short ratio of 1.18. The data shows that as of 2024-10-31 short interest in Babcock & Wilcox Enterprises Inc (BW) stood at 339.0 of shares outstanding, with shares short falling to 2.2 million registered in 2024-09-30. Current price change has pushed the stock 21.23% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BW stock continues to rise going into the next quarter.
