In the last trading session, 1.39 million Babcock & Wilcox Enterprises Inc (NYSE:BW) shares changed hands as the company’s beta touched 1.77. With the company’s per share price at $2.63 changed hands at $0.07 or 2.73% during last session, the market valuation stood at $247.30M. BW’s last price was a discount, traded about -13.69% off its 52-week high of $2.99. The share price had its 52-week low at $0.75, which suggests the last value was 71.48% up since then. When we look at Babcock & Wilcox Enterprises Inc’s average trading volume, we note the 10-day average is 1.01 million shares, with the 3-month average coming to 1.35 million.
Analysts gave the Babcock & Wilcox Enterprises Inc (BW) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 2 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, 1 felt it is a Buy and 0 rated the stock as Underweight.
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Babcock & Wilcox Enterprises Inc (NYSE:BW) trade information
Instantly BW was in green as seen at the end of in last trading. With action 18.47%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 80.14%, with the 5-day performance at 18.47% in the green. However, in the 30-day time frame, Babcock & Wilcox Enterprises Inc (NYSE:BW) is 10.50% up. Looking at the short shares, we see there were 2.6 million shares sold at short interest cover period of 1.53 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.5, meaning bulls need an upside of 59.54% from its current market value. According to analyst projections, BW’s forecast low is 6.5 with 6.5 as the target high. To hit the forecast high, the stock’s price needs a -147.15% plunge from its current level, while the stock would need to soar -147.15% 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 121.01% over the past 6 months, a 143.55% in annual growth rate that is considerably higher than the industry average of 7.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 46.93%. The 2024 estimates are for Babcock & Wilcox Enterprises Inc earnings to increase by 111.19%, but the outlook for the next 5-year period is at 6.99% per year.
BW Dividends
Babcock & Wilcox Enterprises Inc is expected to release its next quarterly earnings report in December.
Babcock & Wilcox Enterprises Inc (NYSE:BW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.97% of Babcock & Wilcox Enterprises Inc shares while 78.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.05%. There are 78.09% institutions holding the Babcock & Wilcox Enterprises Inc stock share, with B. RILEY FINANCIAL, INC. the top institutional holder. As of 2024-06-30, the company held 30.6737% of the shares, roughly 27.45 million BW shares worth $39.8 million.
NEUBERGER BERMAN GROUP LLC holds the second largest percentage of outstanding shares, with 6.7647% or 6.05 million shares worth $8.78 million as of 2024-06-30.
