Babcock & Wilcox Enterprises Inc (NYSE:BW) has a beta value of 1.39 and has seen 2.07 million shares traded in the recent trading session. The company, currently valued at $80.43M, closed the recent trade at $0.90 per share which meant it lost -$0.09 on the day or -9.09% during that session. The BW stock price is -637.78% off its 52-week high price of $6.64 and -6.67% below the 52-week low of $0.96. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.58 million shares traded. The 3-month trading volume is 1.14 million shares.
Babcock & Wilcox Enterprises Inc (NYSE:BW) trade information
Sporting -9.09% in the red today, the stock has traded in the red over the last five days, when the BW stock price touched $0.90 or saw a rise of 33.33%. Year-to-date, Babcock & Wilcox Enterprises Inc shares have moved -38.36%, while the 5-day performance has seen it change -30.23%. Over the past 30 days, the shares of Babcock & Wilcox Enterprises Inc (NYSE:BW) have changed -34.78%. Short interest in the company has seen 3.99 million shares shorted with days to cover at 3.8.
Babcock & Wilcox Enterprises Inc (BW) estimates and forecasts
Figures show that Babcock & Wilcox Enterprises Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -81.52% over the past 6 months, with this year growth rate of 138.71%, compared to 22.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 22.20% and 50.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.50%.
3 analysts offering their estimates for the company have set an average revenue estimate of $211 million for the current quarter. 3 have an estimated revenue figure of $234.67 million for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 46.93% over the past 5 years. Earnings growth for 2024 is a modest 90.48% while over the next 5 years, the company’s earnings are expected to increase by 6.99%.
BW Dividends
Babcock & Wilcox Enterprises Inc is expected to release its next earnings report between May 08 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Babcock & Wilcox Enterprises Inc (NYSE:BW)’s Major holders
Insiders own 5.47% of the company shares, while shares held by institutions stand at 82.84% with a share float percentage of 87.64%. Investors are also buoyed by the number of investors in a company, with Babcock & Wilcox Enterprises Inc having a total of 147 institutions that hold shares in the company. The top two institutional holders are B. Riley Financial, Inc. with over 27.29 million shares worth more than $161.0 million. As of Jun 29, 2023, B. Riley Financial, Inc. held 30.63% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 10.43 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $61.54 million and represent 11.71% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Convertible Securities Fund and Neuberger & Berman Intrinsic Value Fd. As of Jul 30, 2023, the former fund manager holds about 2.88% shares in the company for having 2.56 million shares of worth $14.05 million while later fund manager owns 2.39 million shares of worth $12.54 million as of Aug 30, 2023, which makes it owner of about 2.68% of company’s outstanding stock.
