A share price of Babcock & Wilcox Enterprises Inc [BW] is currently trading at $1.43, down -2.05%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BW shares have gain 8.33% over the last week, with a monthly amount glided 30.00%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Babcock & Wilcox Sets Fourth Quarter and Full Year 2023 Conference Call and Webcast for Thursday, March 14, 2024 at 5 p.m. ET. In a post published today on Yahoo Finance, Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) expects to host a conference call and webcast on Thursday, March 14, 2024 at 5 p.m. ET.
From an analyst’s perspective:
Babcock & Wilcox Enterprises Inc [NYSE: BW] stock has seen the most recent analyst activity on November 10, 2023, when Craig Hallum downgraded its rating to a Hold and also revised its price target to $2 from $10. Previously, Craig Hallum started tracking the stock with Buy rating on July 19, 2022, and set its price target to $11. On March 25, 2021, Lake Street initiated with a Buy rating and assigned a price target of $12 on the stock. DA Davidson started tracking the stock assigning a Buy rating and suggested a price target of $10 on March 25, 2021. B. Riley Securities initiated its recommendation with a Buy and recommended $12 as its price target on February 18, 2021. KeyBanc Capital Mkts downgraded its rating to Sector Weight for this stock on March 01, 2017. In a note dated October 13, 2016, Credit Suisse downgraded an Underperform rating on this stock.
Babcock & Wilcox Enterprises Inc experienced fluctuations in its stock price throughout the past year between $0.96 and $6.64. Currently, Wall Street analysts expect the stock to reach $6.5 within the next 12 months. Babcock & Wilcox Enterprises Inc [NYSE: BW] shares were valued at $1.43 at the most recent close of the market. An investor can expect a potential return of 354.55% based on the average BW price forecast.
Analyzing the BW fundamentals
Trailing Twelve Months sales for Babcock & Wilcox Enterprises Inc [NYSE:BW] were 1.05B which represents 11.42% growth. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is 3.05 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.3800 points at the first support level, and at 1.3300 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5300, and for the 2nd resistance point, it is at 1.6300.
Babcock & Wilcox Enterprises Inc [BW] reported earnings per share of -$0.18 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of -$0.21 and a surprise factor of -700.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.1 per share as compared to estimates of -$0.07 per share, a difference of -$0.03 representing a surprise of -42.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Babcock & Wilcox Enterprises Inc [NYSE:BW] is 1.38. Further, the Quick Ratio stands at 1.09, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.12.
Transactions by insiders
Recent insider trading involved Bartoli Henry E, Director, that happened on Nov 16 ’23 when 10000.0 shares were purchased. 10% Owner, B. Riley Financial, Inc. completed a deal on Nov 14 ’23 to buy 0.16 million shares. Meanwhile, Chief Financial Officer Salamone Louis Jr bought 50000.0 shares on Nov 14 ’23.
