Babcock & Wilcox Enterprises Inc (NYSE: BW) is -1.83% lower on its value in year-to-date trading and has touched a low of $0.75 and a high of $2.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BW stock was last observed hovering at around $1.56 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $1.61, the stock is -1.65% and -14.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 3.21% at the moment leaves the stock 1.56% off its SMA200. BW registered 46.36% gain for a year compared to 6-month gain of -8.52%. The firm has a 50-day simple moving average (SMA 50) of $1.8918 and a 200-day simple moving average (SMA200) of $1.58335.
The stock witnessed a -13.44% loss in the last 1 month and extending the period to 3 months gives it a -45.24%, and is -1.23% down 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 6.59% over the week and 6.77% over the month.
Babcock & Wilcox Enterprises Inc (BW) has around 2250 employees, a market worth around $151.85M and $878.26M in sales. Profit margin for the company is -8.48%. Distance from 52-week low is 113.81% and -46.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.17%).
with sales reaching $212.3M over the same period.The EPS is expected to grow by 87.14% this year, but quarterly earnings will post -13.61% year-over-year. Quarterly sales are estimated to shrink -6.56% in year-over-year returns.
123.0 institutions hold shares in Babcock & Wilcox Enterprises Inc (BW), with institutional investors hold 76.02% of the company’s shares. The shares outstanding are 92.38M, and float is at 88.89M with Short Float at 2.30%. Institutions hold 71.55% 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 Salamone Louis Jr, the company’s Chief Financial Officer. SEC filings show that Salamone Louis Jr sold 98,941 shares of the company’s common stock on Dec 06 ’24 at a price of $1.91 per share for a total of $0.19 million. Following the sale, the insider now owns 0.58 million shares.
Babcock & Wilcox Enterprises Inc disclosed in a document filed with the SEC on Aug 15 ’24 that Dziewisz John J (General Counsel & Secretary) sold a total of 2,733 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $1.05 per share for $2870.0. Following the transaction, the insider now directly holds 0.22 million shares of the BW stock.
Still, SEC filings show that on Aug 15 ’24, Dziewisz John J (Officer) Proposed Sale 2,733 shares at an average price of $1.05 for $2870.0. The insider now directly holds shares of Babcock & Wilcox Enterprises Inc (BW).
