Babcock & Wilcox Enterprises Inc (NYSE:BW) price on Friday, June 13, fall -4.46% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.07.
A look at the stock’s price movement, the close in the last trading session was $1.12. Turning to its 52-week performance, $2.99 and $0.22 were the 52-week high and 52-week low respectively. Overall, BW moved 28.92% over the past month.
Babcock & Wilcox Enterprises Inc’s market cap currently stands at around $105.29 million, with investors looking forward to this quarter’s earnings report slated for in July.
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 16.26% and 69.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.28, while 7-day volatility ratio is 9.69% and 14.27% in the 30-day chart. Further, Babcock & Wilcox Enterprises Inc (BW) has a beta value of 1.65, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $1, forecast between a low of $1 and high of $1. Looking at the price targets, the low is 6.54% off current price level while to achieve the yearly target high, price needs to move 6.54%. Nonetheless, investors will most likely welcome a 6.54% jump to $1 which is the analysts’ median price.
If we refocus on Babcock & Wilcox Enterprises Inc (NYSE:BW), historical trading data shows that trading volumes averaged 2.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 98.40 million shares.
The 6.29% of Babcock & Wilcox Enterprises Inc’s shares are in the hands of company insiders while institutional holders own 67.64% of the company’s shares. Current price change has pushed the stock -34.76% 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.
