The stock of Babcock & Wilcox Enterprises Inc. (NYSE:BW) increased by $0.19 on Friday to finish at $5.54, up 3.55 percent. The last five days have seen an average of 536,100 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.23. The average number of shares traded over the last 20 days was 490,655, while the average volume over the last 50 days totaled 568,348.
BW stock dropped -13.71% since last month. On 08/08/23, the company’s shares reached a one-month low of $5.03. The stock touched a high of $8.62 on 02/09/23, after rallying from a low of $3.89 in 52 weeks. The price of BW stock has declined by -3.99% or -$0.23 this year, reaching a new high 12 times. Still, the stock price is down -35.77% from the 52-week high.
Insider Transactions
BW stock investors should be aware that Babcock & Wilcox Enterprises Inc. (BW) stock had its last reported insider trading activity 17 days ago on Jul 28. On Jul 28, Senior Vice President Buckler Joseph T sold 4,000 shares at $5.42 each. This transaction resulted in the insider making $21,680. On Jun 27, B. Riley Financial, Inc. added 50,000 shares at a price of US$5.73. After the transaction, the insider now owns 519,848 shares. 10% Owner B. Riley Financial, Inc. had earlier bought 50,000 shares on Jun 26 for $5.83 a share. The transaction was completed for $291,525.
Financial Health
For the three months ended June 29, Babcock & Wilcox Enterprises Inc.’s quick ratio was 1.20, while its current ratio was 1.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 21.00% percent. Babcock & Wilcox Enterprises Inc.’s EBITDA margin for the year ended June 29 was 2.40%, whereas its operating margin stood at -0.40% for the same period. Based on annual data, it had gross profit of $185.62 million and revenue of $889.82 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BW’s return on assets (ROA) during the last 12 months has been -4.10%. There was a -4.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 619.10%.
Earnings Surprise
According to Babcock & Wilcox Enterprises Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $305.19 million, while revenues rose by 27.58% to $257.25 million. It was predicted that Babcock & Wilcox Enterprises Inc.’s quarterly earnings would be -$0.1, but it ended up being -$0.07, beating the consensus by -42.90%. EBITDA was $14.52 million for the quarter. At the end of Babcock & Wilcox Enterprises Inc.’s most recent quarter ended June 29, its liabilities totaled 999.9 million, while its total debt was $415.85 million. Equity owned by shareholders amounts to $89.08 million.
Technical Picture
Here’s a quick look at Babcock & Wilcox Enterprises Inc.’s (BW) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 55.40%, suggesting the stock is Neutral, with a 36.30% historical volatility rate.
The stochastic %K and %D were 38.86% and 33.47% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 48.34%, the RSI (14) reading is 50.27%. On the 9-day MACD Oscillator, the stock is at 0.12, and the 14-day reading is at 0.10.
Analyst Ratings
In its analyst report released on July 19, 2022, Craig Hallum began covering Babcock & Wilcox Enterprises Inc. (NYSE: BW). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Babcock & Wilcox Enterprises Inc. (BW) an Overweight rating. BW is a stock that is recommended for selling by 1 brokerage firm, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is BW’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $13.00, with a median target price of $8.00. In analyzing these forecasts, the average price target given by analysts for Babcock & Wilcox Enterprises Inc. (BW) is $8.80.
