In yesterday’s Wall Street session, Broadwind Inc. (NASDAQ:BWEN) shares traded at $3.69, down -19.26% from the previous session.
As of this writing, 4 analysts cover Broadwind Inc. (NASDAQ:BWEN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $6.00, we find $8.50. Given the previous closing price of $4.57, this indicates a potential upside of 86.0 percent. BWEN stock price is now -13.37% away from the 50-day moving average and 38.14% away from the 200-day moving average. The market capitalization of the company currently stands at $69.15M.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
There are 0 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $8.75 as their price target over the next twelve months.
With the price target maintained at $12, H.C. Wainwright recently Upgraded its rating from Neutral to Buy for Broadwind Inc. (NASDAQ: BWEN)., while ‘H.C. Wainwright’ rates the stock as ‘Neutral’.
In other news, Blashford Eric B., President and CEO bought 5,000 shares of the company’s stock on Nov 11. The stock was bought for $8,450 at an average price of $1.69. Upon completion of the transaction, the President and CEO now directly owns 362,408 shares in the company, valued at $1.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11, Pres., Broadwind Heavy Fab. Schueller Daniel E. bought 4,800 shares of the business’s stock. A total of $8,016 was incurred on buying the stock at an average price of $1.67. This leaves the insider owning 114,504 shares of the company worth $0.42 million. Insiders disposed of 61,571 shares of company stock worth roughly $0.23 million over the past 1 year. A total of 2.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BWEN stock. A new stake in Broadwind Inc. shares was purchased by LEGATO CAPITAL MANAGEMENT LLC during the first quarter worth $115,000. PRUDENTIAL FINANCIAL INC invested $44,000 in shares of BWEN during the first quarter. In the first quarter, LAIDLAW WEALTH MANAGEMENT LLC acquired a new stake in Broadwind Inc. valued at approximately $41,000. SG AMERICAS SECURITIES, LLC acquired a new stake in BWEN for approximately $41,000. In total, there are 42 active investors with 24.60% ownership of the company’s stock.
Thursday morning saw Broadwind Inc. (NASDAQ: BWEN) opened at $4.8500. During the past 12 months, Broadwind Inc. has had a low of $1.46 and a high of $6.10. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 1.20, and a quick ratio of 0.50. The fifty day moving average price for BWEN is $4.2594 and a two-hundred day moving average price translates $2.6713 for the stock.
The latest earnings results from Broadwind Inc. (NASDAQ: BWEN) was released for Sep, 2022. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.09, missing analysts’ expectations of -$0.06 by -0.03. This compares to -$0.11 EPS in the same period last year. The net profit margin was -6.70% and return on equity was -21.50% for BWEN. The company reported revenue of $44.84 million for the quarter, compared to $40.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.03 percent. For the current quarter, analysts expect BWEN to generate $42.7M in revenue.
Broadwind Inc.(BWEN) Company Profile
Broadwind, Inc. manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets. It offers steel towers and adapters primarily to wind turbine manufacturers. The Gearing segment provides gearing, and gearboxes and systems for onshore and offshore oil and gas fracking and drilling, surface and underground mining, wind energy, steel, material handling, and other infrastructure markets. This segment also offers heat treat services for aftermarket and original equipment manufacturer applications. The Industrial Solutions segment provides supply chain solutions for offering instrumentation and controls, valve assemblies, sensor devices, fuel system components, electrical junction boxes and wiring, energy storage services, and electromechanical devices; light fabrication, inventory management, and kitting and assembly services; packaging solutions; and fabricating services for panels and sub-assemblies to combined cycle natural gas turbine market. The company sells its products to the energy, mining, and infrastructure sector customers through its direct sales force and independent sales agents. The company was formerly known as Broadwind Energy, Inc. and changed its name to Broadwind, Inc. in May 2020. Broadwind, Inc. is headquartered in Cicero, Illinois.
