Babcock & Wilcox Enterprises Inc (NYSE:BW) price closed higher on current market day and jumping 12.82% above its previous close.
A look at the daily price movement shows that the last close reads $1.17. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.99 and 52-week low of $0.22. The stock added 165.06% on its value in the past month.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned BW a recommendation rating as follows: 1 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Babcock & Wilcox Enterprises Inc (BW) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that BW’s price is at present 49.90% off the SMA20 and 121.30% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 69.81, with weekly volatility standing at 27.52%. The indicator jumps to 16.38% when calculated based on the past 30 days. Babcock & Wilcox Enterprises Inc (NYSE:BW)’s beta value is holding at 1.63, while the average true range (ATR) indicator is currently reading 0.18. Considering analysts have assigned the stock a price target range of $1-$1 as the low and high respectively, we find the trailing 12-month average consensus price target to be $1. Based on this estimate, we see that current price is roughly 24.24% off the estimated low and 24.24% off the forecast high. Investors will no doubt be excited to see the share price rise to $1, which is the median consensus price, and at that level BW would be 24.24% from current price.
Current records show that the company has 98.40M in outstanding shares. The insiders’ percentage holdings are 6.29% of outstanding shares while the percentage share held by institutions stands at 67.64%. But the -19.51% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
