A Look at Broadwind Inc. (BWEN) Shares in the Recent Past Indicates Growth

Broadwind Inc. (NASDAQ: BWEN) stock fell -4.17% on Friday to $5.41 against a previous-day closing price of $5.64. With 0.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.41 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $6.05 whereas the lowest price it dropped to was $5.34. The 52-week range on BWEN shows that it touched its highest point at $6.00 and its lowest point at $1.46 during that stretch. It currently has a 1-year price target of $8.75. Beta for the stock currently stands at 1.12.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BWEN was up-trending over the past week, with a rise of 22.56%, but this was up by 208.86% over a month. Three-month performance surged to 156.16% while six-month performance rose 213.33%. The stock gained 198.62% in the past year, while it has gained 201.96% so far this year. A look at the trailing 12-month EPS for BWEN yields -0.55 with Next year EPS estimates of 0.17. For the next quarter, that number is -0.14. This implies an EPS growth rate of 265.40% for this year and 132.70% for next year. EPS is expected to grow by 24.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.70%.

Float and Shares Shorts:

At present, 20.51 million BWEN shares are outstanding with a float of 18.64 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.33 million, which was 1.62% higher than short shares on Sep 14, 2022. In addition to Mr. Eric B. Blashford as the firm’s CEO, Pres & Director, Mr. Daniel E. Schueller serves as its Pres of Broadwind Heavy Fabrications, Inc.


Institutional Ownership:

Through their ownership of 19.88% of BWEN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.98% of BWEN, in contrast to 25.94% held by mutual funds. Shares owned by individuals account for 19.35%. As the largest shareholder in BWEN with 7.78% of the stake, Grace & White, Inc. holds 1,607,542 shares worth 1,607,542. A second-largest stockholder of BWEN, The Vanguard Group, Inc., holds 639,388 shares, controlling over 3.09% of the firm’s shares. EAM Investors LLC is the third largest shareholder in BWEN, holding 560,950 shares or 2.71% stake. With a 1.86% stake in BWEN, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 385,036 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.17% of BWEN stock, is the second-largest Mutual Fund holder. It holds 242,529 shares valued at 0.43 million. Alcala Multigestion, FI holds 0.50% of the stake in BWEN, owning 103,387 shares worth 0.19 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BWEN since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BWEN analysts setting a high price target of $12.00 and a low target of $6.00, the average target price over the next 12 months is $8.75. Based on these targets, BWEN could surge 121.81% to reach the target high and rise by 10.91% to reach the target low. Reaching the average price target will result in a growth of 61.74% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BWEN will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$0.45 being high and -$0.52 being low. For BWEN, this leads to a yearly average estimate of -$0.49. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Broadwind Inc. surprised analysts by -$0.03 when it reported -$0.09 EPS against a consensus estimate of -$0.07. The surprise factor in the prior quarter was -$0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.17. The average estimate for the next quarter is thus -$0.14.

Summary of Insider Activity:

Insiders traded BWEN stock several times over the past three months with 3 Buys and 1 Sells. In these transactions, 24,417 shares were bought while 551 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 699,901 while 249,491 shares were sold.

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