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Broadwind Announces Fourth Quarter and Full-Year 2023 Results
Globe Newswire (Tue, 5-Mar 7:00 AM ET)
Broadwind Announces Fourth Quarter and Full-Year 2023 Results Conference Call and Webcast Date
Globe Newswire (Tue, 20-Feb 7:00 AM ET)
Broadwind Inc is a precision manufacturer of structures, equipment and components for clean technology and other specialized applications. The company provide technologically high value products to customers with complex systems and stringent quality standards that operate in energy, mining and infrastructure sectors, in the United States of America. It capabilities include heavy fabrications, welding, metal rolling, coatings, gear cutting and shaping, gearbox manufacturing and repair, heat treat, assembly, engineering and packaging solutions. It operates through three operating segments namely Heavy Fabrications, Gearing and Industrial Solutions.
Broadwind trades on the NASDAQ stock market under the symbol BWEN.
As of April 23, 2024, BWEN stock price declined to $2.15 with 98,644 million shares trading.
BWEN has a beta of 1.55, meaning it tends to be more sensitive to market movements. BWEN has a correlation of 0.08 to the broad based SPY ETF.
BWEN has a market cap of $46.37 million. This is considered a Sub-Micro Cap stock.
Last quarter Broadwind reported $47 million in Revenue and $.05 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.05.
In the last 3 years, BWEN stock traded as high as $6.10 and as low as $1.46.
The top ETF exchange traded funds that BWEN belongs to (by Net Assets): VTI, VXF, BSVO, IWC, DFAT.
BWEN has underperformed the market in the last year with a price return of -58.7% while the SPY ETF gained +24.3%. BWEN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.3% and -15.0%, respectively, while the SPY returned +4.9% and -2.5%, respectively.
BWEN support price is $2.10 and resistance is $2.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BWEN stock will trade within this expected range on the day.