In the last trading session, 2.05 million Babcock & Wilcox Enterprises Inc (NYSE:BW) shares changed hands as the company’s beta touched 1.88. With the company’s per share price at $1.78 changed hands at $0.25 or 16.34% during last session, the market valuation stood at $159.08M. BW’s last price was a discount, traded about -283.71% off its 52-week high of $6.83. The share price had its 52-week low at $0.96, which suggests the last value was 46.07% up since then. When we look at Babcock & Wilcox Enterprises Inc’s average trading volume, we note the 10-day average is 3.28 million shares, with the 3-month average coming to 1.02 million.
Analysts gave the Babcock & Wilcox Enterprises Inc (BW) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended BW as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Babcock & Wilcox Enterprises Inc’s EPS for the current quarter is expected to be -$0.03.
Babcock & Wilcox Enterprises Inc (NYSE:BW) trade information
Instantly BW was in green as seen at the end of in last trading. With action 69.52%, the performance over the past five days has been green. The jump to weekly highs of 1.8300 on Friday, 11/17/23 added 16.34% to the stock’s daily price. The company’s shares are showing year-to-date downside of -69.15%, with the 5-day performance at 69.52% in the green. However, in the 30-day time frame, Babcock & Wilcox Enterprises Inc (NYSE:BW) is -35.97% down. Looking at the short shares, we see there were 2.01 million shares sold at short interest cover period of 2.6 days.
The consensus price target for the stock as assigned by Wall Street analysts is $5.75, meaning bulls need an upside of 69.04% from its current market value. According to analyst projections, BW’s forecast low is $2.00 with $11.00 as the target high. To hit the forecast high, the stock’s price needs a -517.98% plunge from its current level, while the stock would need to soar -12.36% for it to hit the projected low.
Babcock & Wilcox Enterprises Inc (BW) estimates and forecasts
Data shows that the Babcock & Wilcox Enterprises Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -68.44% over the past 6 months, a 9.30% in annual growth rate that is considerably higher than the industry average of -11.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Babcock & Wilcox Enterprises Inc will fall -250.00%, while the growth in revenue is estimated to hit 44.40% for the next quarter. Year-over-year growth is forecast to reach 18.10% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $256.27 million. 3 analysts are of the opinion that Babcock & Wilcox Enterprises Inc’s revenue for the quarter ending Mar 2024 will be $220.73 million. The company’s revenue for the corresponding quarters a year ago was $249.9 million and $213.26 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.50%. The estimates for the next quarter sales put growth at 3.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 64.96%. The 2023 estimates are for Babcock & Wilcox Enterprises Inc earnings to decrease by -3.49%, but the outlook for the next 5-year period is at 6.99% per year.
Babcock & Wilcox Enterprises Inc is expected to release its next quarterly earnings report on November 09.
Babcock & Wilcox Enterprises Inc (NYSE:BW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.23% of Babcock & Wilcox Enterprises Inc shares while 86.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.27%. There are 86.38% institutions holding the Babcock & Wilcox Enterprises Inc stock share, with B. Riley Financial, Inc. the top institutional holder. As of Jun 29, 2023, the company held 30.63% of the shares, roughly 27.29 million BW shares worth $161.0 million.
FMR, LLC holds the second largest percentage of outstanding shares, with 11.71% or 10.43 million shares worth $61.54 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jul 30, 2023 were Fidelity Convertible Securities Fund and Neuberger & Berman Intrinsic Value Fd. With 2.56 million shares estimated at $14.05 million under it, the former controlled 2.88% of total outstanding shares. On the other hand, Neuberger & Berman Intrinsic Value Fd held about 2.68% of the shares, roughly 2.39 million shares worth around $12.54 million.