In the last trading session, 1,091,928 shares of the Broadwind, Inc. (NASDAQ:BWEN) were traded, and its beta was 1.43. Most recently the company’s share price was $6.41, and it changed around $0.75 or 0.13% from the last close, which brings the market valuation of the company to $109.79 Million. BWEN currently trades at a discount to its 52-week high of $12.89, offering almost -101.09% off that amount. The share price’s 52-week low was $1.3, which indicates that the current value has risen by an impressive 79.72% since then. We note from Broadwind, Inc.’s average daily trading volume that its 10-day average is 2.03 Million shares, with the 3-month average coming to 831.16 Million.
Broadwind, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.2. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended BWEN as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Broadwind, Inc. is expected to report earnings per share of -$0.16 for the current quarter.
Broadwind, Inc. (NASDAQ:BWEN): Trading Information
Instantly BWEN has showed a green trend with a performance of 13.25% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $7.44- on Wednesday, Mar 31 increased the stock’s daily price by 13.84%. The company’s shares are currently down -0.19% year-to-date, but still up 0.2794 over the last five days. On the other hand, Broadwind, Inc. (NASDAQ:BWEN) is 0.04% up in the 30-day period. We can see from the shorts that 1.03 Million shares have been sold at a short interest cover period of 0 day (s).
The consensus price target as assigned by Wall Street analysts is $11.67, which translates to bears needing to increase their stock price by 82.06% from its current value. Analyst projections state that BWEN is forecast to be at a low of $10 and a high of $13. In order for the stock price to hit the forecast high, the stock would need to surge +102.81% from its current level, while the stock would need to crash 56.01% from its current level to reach the projected low.
Broadwind, Inc. (BWEN) projections and forecasts
Broadwind, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +134.8 percent over the past six months and at a 177.78% annual growth rate that is well above the industry average of 13.2%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -366.7% in revenue this quarter, and will report a decline of -333.3% in the next quarter. The year-over-year growth rate is expected to be -12.2%, down from the previous year.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 36.1%. Broadwind, Inc. earnings are expected to increase by 68.8% in 2021, but the outlook is positive 24% per year for the next five years.
Broadwind, Inc. (NASDAQ:BWEN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 15.47% of Broadwind, Inc. shares, and 52.35% of them are in the hands of institutional investors. The stock currently has a share float of 61.92%. Broadwind, Inc. stock is held by 55 institutions, with Invesco Ltd. being the largest institutional investor. By Dec 30, 2020, it held 10.53% of the shares, which is about 1.8 Million shares worth $14.3 Million.
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Grace & White Inc /ny, with 8.64% or 1.48 Million shares worth $11.74 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 27, 2021. The former held 2097564 shares worth $14.66 Million, making up 12.25% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 517.58 Thousand shares worth around $4.1 Million, which represents about 3.02% of the total shares outstanding.