Babcock & Wilcox Enterprises Inc [NYSE: BW] stock went on an upward path that rose over 6.49% on Wednesday, amounting to a one-week price decrease of less than -39.11%.
Over the last 12 months, BW stock dropped by -60.05%. The one-year Babcock & Wilcox Enterprises Inc stock forecast points to a potential upside of 83.67. The average equity rating for BW stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $47.96 million, with 95.14 million shares outstanding and 92.75 million shares in the current float. Compared to the average trading volume of 1.02M shares, BW stock reached a trading volume of 3624162 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Babcock & Wilcox Enterprises Inc [BW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BW shares is $3.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BW stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Craig Hallum have made an estimate for Babcock & Wilcox Enterprises Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 10, 2023. While these analysts kept the previous recommendation, Craig Hallum raised their target price to Buy. The new note on the price target was released on July 19, 2022, representing the official price target for Babcock & Wilcox Enterprises Inc stock. Previously, the target price had yet another raise to $12, while Lake Street analysts kept a Buy rating on BW stock.
The Average True Range (ATR) for Babcock & Wilcox Enterprises Inc is set at 0.10, with the Price to Sales ratio for BW stock in the period of the last 12 months amounting to 0.07.
BW Stock Performance Analysis:
Babcock & Wilcox Enterprises Inc [BW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -39.11. With this latest performance, BW shares dropped by -51.26% in over the last four-week period, additionally sinking by -76.11% over the last 6 months – not to mention a drop of -60.05% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BW stock in for the last two-week period is set at 19.56, with the RSI for the last a single of trading hit 15.99, and the three-weeks RSI is set at 23.29 for Babcock & Wilcox Enterprises Inc [BW]. The present Moving Average for the last 50 days of trading for this stock 1.1119, while it was recorded at 0.6133 for the last single week of trading, and 1.5836 for the last 200 days.
Insight into Babcock & Wilcox Enterprises Inc Fundamentals:
Babcock & Wilcox Enterprises Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.98 and a Current Ratio set at 1.26.
Babcock & Wilcox Enterprises Inc [BW] Institutonal Ownership Details
There are presently around $72.52%, or 76.86%% of BW stock, in the hands of institutional investors. The top three institutional holders of BW stocks are: B. RILEY FINANCIAL, INC. with ownership of 27.45 million shares, which is approximately 30.1448%. NEUBERGER BERMAN GROUP LLC, holding 6.05 million shares of the stock with an approximate value of $$8.78 million in BW stocks shares; and NEUBERGER BERMAN GROUP LLC, currently with $$6.17 million in BW stock with ownership which is approximately 4.6712%.
