Analysts Issue Research Notes On Broadwind Inc. (BWEN)

Broadwind Inc. (NASDAQ:BWEN) trading with an addition of $0.32 to $3.07 on Thursday, an upside of 11.64 percent. An average of 435,080 shares of common stock have been traded in the last five days. There was a gain of $0.47 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 833,040 shares traded, while the 50-day average volume stands at 482,046.

BWEN stock has decreased by -9.84% in the last month. The company shares reached their 1-month lowest point of $2.36 on 09/29/21. With the stock rallying to its 52-week high on 01/25/21, shares of the company touched a low of $2.36 and a high of $12.89 in 52 weeks. It has reached a new high 6 times so far this year and lost -65.32% or -$4.79 in price. In spite of this, the price is down -76.18% from the 52-week high.


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Insider Transactions

24 days have passed since Broadwind Inc. (BWEN) last reported insider trading activity. KUSHNER STEPHANIE K, who is Director, most recently acquired $7,500 shares at $2.88 per share on Sep 20. In this transaction, the insider spent $21,611. Director, KUSHNER STEPHANIE K, disposed of 7,500 shares at a price of $2.91 on Sep 17. The insider now owns more than $21,812 worth of shares. Prior to that, Director KUSHNER STEPHANIE K went on to Sale 7,500 shares at $3.12 each on Aug 18. An amount of $23,381 was transacted.

Valuation Metrics

Broadwind Inc. (BWEN) has a trailing price-to-earnings (P/E) ratio of 9.79, which compares with the 20.30 for the broader industry and 28.92 for the sector. In the last five years, Broadwind Inc.’s PE ratio has ranged between 389.00 and 6.622. The stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.32, the price-to-book (PB) ratio at 0.88, and the price-to-cash flow ratio at 27.82.

The quick ratio of Broadwind Inc. for the three months ended June 29 was 0.60, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.05 and a total debt to equity ratio of 0.19 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 5.10% against a 5-year average of 7.2%. Broadwind Inc.’s EBITDA margin for the year ending June 29 is 3.38%, while its operating margin for the same period stands at 0.10%. Its gross profit as reported stood at $18.0 million compared to revenue of $198.5 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Broadwind Inc.’s return on assets was 4.80%, compared to -6.2% over the last five years. In the past year, the return on investment has been 0.70%, and the 5-year average is -7.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been 13.00% and the 5-year average holds at -12.7%. For the broader industry, ROE averaged 7.02 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Broadwind Inc. had $0.23 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $10.25 million in the quarter, while revenues of -$1.21 million were grew 94.83%. The analyst consensus anticipated Broadwind Inc.’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.53, a 341.70% surprise. For the quarter, EBITDA amounted to -$0.7 million. Shareholders own equity worth $19.39 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Broadwind Inc. (BWEN) price momentum. RSI 9-day as of the close on 13 October was 65.11%, suggesting the stock is Neutral, with historical volatility in this time frame at 107.02%.

As of today, BWEN’s price is $2.75 +17.54% or $0.47 from its 5-day moving average. BWEN is currently trading +6.74% higher than its 20-day SMA and -24.01% lower than its 100-day SMA. However, the stock’s current price level is -13.78% below the SMA50 and -59.37% below the SMA200.

The stochastic %K and %D were 64.61% and 48.40%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 84.60% and the average true range at 0.24, the RSI (14) stands at 57.86%. The stock has reached 0.17 on the 9-day MACD Oscillator while the 14-day reading was at 0.19.

Analyst Ratings

H.C. Wainwright downgraded Broadwind Inc. (NASDAQ: BWEN) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for Broadwind Inc. (BWEN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BWEN, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is BWEN’s price target for the next 12 months?

Analysts predict a range of price targets between $6.00 and $10.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for Broadwind Inc. (BWEN) stock is $7.67.

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