Babcock & Wilcox Enterprises Inc (NYSE: BW) is 30.14% higher on its value in year-to-date trading and has touched a low of $0.75 and a high of $4.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BW stock was last observed hovering at around $1.81 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $1.90, the stock is 45.59% and 47.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 4.97% at the moment leaves the stock 46.06% off its SMA200. BW registered -55.50% loss for a year compared to 6-month gain of 68.14%. The firm has a 50-day simple moving average (SMA 50) of $1.296 and a 200-day simple moving average (SMA200) of $1.30211.
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The stock witnessed a 58.33% loss in the last 1 month and extending the period to 3 months gives it a 31.03%, and is 33.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.65% over the week and 8.12% over the month.
Babcock & Wilcox Enterprises Inc (BW) has around 2250 employees, a market worth around $175.18M and $907.81M in sales. Fwd P/E is 11.34. Profit margin for the company is -20.48%. Distance from 52-week low is 152.32% and -56.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-57.18%).
with sales reaching $229.72M over the same period.The EPS is expected to grow by 111.19% this year, but quarterly earnings will post -7.60% year-over-year.
Babcock & Wilcox Enterprises Inc (BW) Top Institutional Holders
146.0 institutions hold shares in Babcock & Wilcox Enterprises Inc (BW), with institutional investors hold 79.51% of the company’s shares. The shares outstanding are 89.45M, and float is at 86.88M with Short Float at 2.08%. Institutions hold 74.76% of the Float.
The top institutional shareholder in the company is B. RILEY FINANCIAL, INC. with over 27.45 million shares valued at $39.8 million. The investor’s holdings represent 30.6737% of the BW Shares outstanding. As of 2024-06-30, the second largest holder is NEUBERGER BERMAN GROUP LLC with 6.05 million shares valued at $8.78 million to account for 6.7647 of the shares outstanding. The other top investors are CASTLEKNIGHT MANAGEMENT LP which holds 4.25 million shares representing 4.7531% and valued at over $6.17 million, while VANGUARD GROUP INC holds 3.7429 of the shares totaling 3.35 million with a market value of $4.86 million.
Babcock & Wilcox Enterprises Inc (BW) Insider Activity
The most recent transaction is an insider sale by Dziewisz John J, the company’s General Counsel & Secretary. SEC filings show that Dziewisz John J sold 2,733 shares of the company’s common stock on Aug 15 ’24 at a price of $1.05 per share for a total of $2870.0. Following the sale, the insider now owns 0.22 million shares.
Still, SEC filings show that on Aug 01 ’24, Dziewisz John J (General Counsel & Secretary) disposed off 2,551 shares at an average price of $1.36 for $3459.0. The insider now directly holds 206,591 shares of Babcock & Wilcox Enterprises Inc (BW).
