BorgWarner Inc (NYSE:BWA) shares, rose in value on Thursday, December 12, with the stock price down by -0.11% to the previous day’s close as strong demand from buyers drove the stock to $35.05.
Actively observing the price movement in the last trading, the stock closed the session at $35.09, falling within a range of $34.53 and $35.3. The value of beta (5-year monthly) was 1.186 whereas the PE ratio was 8.90 over 12-month period. Referring to stock’s 52-week performance, its high was $38.22, and the low was $29.51. On the whole, BWA has fluctuated by -0.26% over the past month.
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With the market capitalization of BorgWarner Inc currently standing at about $7.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.44, with its dividend yield at 1.26%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.12B, with a low estimate of 3.33B and a high estimate of 3.55B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.44B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BWA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.83, with the price of BWA currently trading nearly 2.28% and 1.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.11, while the 7-day volatility ratio is showing 2.73% which for the 30-day chart, stands at 2.46%. Furthermore, BorgWarner Inc (BWA)’s beta value is 1.19, and its average true range (ATR) is 0.94.
A comparison of BorgWarner Inc (BWA) with its peers suggests the former has fared considerably weaker in the market. BWA showed an intraday change of -0.11% in last session, and over the past year, it grew by 6.41%%.
Data on historical trading for BorgWarner Inc (NYSE:BWA) indicates that the trading volumes over the past 10 days have averaged 2.17 and over the past 3 months, they’ve averaged 2.26 million. According to company’s latest data on outstanding shares, there are 218.70 million shares outstanding.
Nearly 0.69% of BorgWarner Inc’s shares belong to company insiders and institutional investors own 98.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.75 million shares as on 2024-11-29, resulting in a short ratio of 4.11. According to the data, the short interest in BorgWarner Inc (BWA) stood at 460.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 7.46 million. The stock has fallen by -2.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BWA stock heading into the next quarter.
