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Broadwind Inc (BWEN) receives a Buy rating from H.C. Wainwright

Broadwind Inc’s filing revealed that its President and CEO Blashford Eric B. acquired Company’s shares for reported $11340.0 on Aug 16 ’24. In the deal valued at $2.27 per share,5,000 shares were bought. As a result of this transaction, Blashford Eric B. now holds 468,487 shares worth roughly $0.83 million.

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Then, Schueller Daniel E. sold 5,800 shares, generating $26,284 in total proceeds. Upon selling the shares at $4.53, the Pres., Broadwind Heavy Fab. now owns 146,694 shares.

H.C. Wainwright upgraded its Broadwind Inc [BWEN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Johnson Rice’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Accumulate”. H.C. Wainwright also remained covering BWEN and has decreased its forecast on January 26, 2021 with a “Neutral” recommendation from previously “Buy” rating. Johnson Rice started covering the stock on September 10, 2020. It rated BWEN as “a Buy”.

Price Performance Review of BWEN

On Tuesday, Broadwind Inc [NASDAQ:BWEN] saw its stock jump 0.56% to $1.78. Broadwind Inc shares have fallen nearly -35.74% since the year began. Nevertheless, the stocks have fallen -37.10% over the past one year. While a 52-week high of $4.65 was reached on 05/28/24, a 52-week low of $1.52 was recorded on 11/15/24. SMA at 50 days reached $1.8466, while 200 days put it at $2.5036.

Levels Of Support And Resistance For BWEN Stock

The 24-hour chart illustrates a support level at 1.7267, which if violated will result in even more drops to 1.6733. On the upside, there is a resistance level at 1.8167. A further resistance level may holdings at 1.8533. The Relative Strength Index (RSI) on the 14-day chart is 48.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0129, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.11%. Stochastics %K at 31.14% indicates the stock is a holding.

How much short interest is there in Broadwind Inc?

A steep rise in short interest was recorded in Broadwind Inc stocks on 2024-10-31, dropping by 33108.0 shares to a total of 0.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.15 million shares. There was a decline of -28.73%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 07, 2020 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $8 price target.

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