Babcock & Wilcox Enterprises Inc (NYSE:BW) has a beta value of 1.77 and has seen 1.01 million shares traded in the last trading session. The company, currently valued at $206.45M, closed the last trade at $2.22 per share which meant it lost -$0.1 on the day or -4.31% during that session. The BW stock price is -34.68% off its 52-week high price of $2.99 and 66.22% above the 52-week low of $0.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.16 million shares traded. The 3-month trading volume is 1.37 million shares.
The consensus among analysts is that Babcock & Wilcox Enterprises Inc (BW) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.0.
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Babcock & Wilcox Enterprises Inc (NYSE:BW) trade information
Sporting -4.31% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BW stock price touched $2.22 or saw a rise of 12.25%. Year-to-date, Babcock & Wilcox Enterprises Inc shares have moved 52.05%, while the 5-day performance has seen it change -12.25%. Over the past 30 days, the shares of Babcock & Wilcox Enterprises Inc (NYSE:BW) have changed 1.83%. Short interest in the company has seen 2.6 million shares shorted with days to cover at 1.53.
Wall Street analysts have a consensus price target for the stock at $6.5, which means that the shares’ value could jump 65.85% from current levels. The projected low price target is $6.5 while the price target rests at a high of $6.5. In that case, then, we find that the current price level is -192.79% off the targeted high while a plunge would see the stock gain -192.79% from current levels.
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 gained 89.74% over the past 6 months, with this year growth rate of 143.55%, compared to 7.30% for the industry. Revenue growth from the last financial year stood is estimated to be -7.60%.
4 analysts offering their estimates for the company have set an average revenue estimate of 229.72M for the current quarter. 4 have an estimated revenue figure of 252.67M for the next ending quarter.
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 111.19% 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 in December 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 5.97% of the company shares, while shares held by institutions stand at 78.49% with a share float percentage of 83.47%. Investors are also buoyed by the number of investors in a company, with Babcock & Wilcox Enterprises Inc having a total of 141.0 institutions that hold shares in the company. The top two institutional holders are B. RILEY FINANCIAL, INC. with over 27.45 million shares worth more than $39.8 million. As of 2024-06-30, B. RILEY FINANCIAL, INC. held 30.6737% of shares outstanding.
The other major institutional holder is NEUBERGER BERMAN GROUP LLC, with the holding of over 6.05 million shares as of 2024-06-30. The firm’s total holdings are worth over $8.78 million and represent 6.7647% of shares outstanding.
