The stock of Bowman Consulting Group Ltd (BWMN) has gone down by -31.20% for the week, with a -37.39% drop in the past month and a -32.41% drop in the past quarter. The volatility ratio for the week is 11.75%, and the volatility levels for the past 30 days are 6.15% for BWMN. The simple moving average for the past 20 days is -34.39% for BWMN’s stock, with a -33.70% simple moving average for the past 200 days.
Is It Worth Investing in Bowman Consulting Group Ltd (NASDAQ: BWMN) Right Now?
BWMN has 36-month beta value of 1.29. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BWMN is 14.71M, and currently, short sellers hold a 3.85% ratio of that float. The average trading volume of BWMN on August 13, 2024 was 93.34K shares.
BWMN) stock’s latest price update
Bowman Consulting Group Ltd (NASDAQ: BWMN)’s stock price has decreased by -9.78 compared to its previous closing price of 23.83. However, the company has seen a -31.20% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-07 that Bowman Consulting Group Ltd. (NASDAQ:BWMN ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Gary Bowman – Chairman & Chief Executive Officer Bruce Labovitz – Chief Financial Officer Conference Call Participants Aaron Spychalla – Craig Hallum Andy Wittman – Baird Brent Thielman – DA Davidson Alex Rygiel – B.
Analysts’ Opinion of BWMN
Many brokerage firms have already submitted their reports for BWMN stocks, with Robert W. Baird repeating the rating for BWMN by listing it as a “Outperform.” The predicted price for BWMN in the upcoming period, according to Robert W. Baird is $37 based on the research report published on June 03, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see BWMN reach a price target of $36.50. The rating they have provided for BWMN stocks is “Buy” according to the report published on May 24th, 2024.
ROTH MKM gave a rating of “Buy” to BWMN, setting the target price at $45 in the report published on December 08th of the previous year.
BWMN Trading at -32.82% from the 50-Day Moving Average
After a stumble in the market that brought BWMN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.88% of loss for the given period.
Volatility was left at 6.15%, however, over the last 30 days, the volatility rate increased by 11.75%, as shares sank -37.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.58% lower at present.
During the last 5 trading sessions, BWMN fell by -31.20%, which changed the moving average for the period of 200-days by -18.78% in comparison to the 20-day moving average, which settled at $32.13. In addition, Bowman Consulting Group Ltd saw -39.47% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BWMN starting from Bruen Michael, who proposed sale 5,000 shares at the price of $31.30 back on Aug 05 ’24. After this action, Bruen Michael now owns shares of Bowman Consulting Group Ltd, valued at $156,493 using the latest closing price.
Bruen Michael, the President of Bowman Consulting Group Ltd, sale 5,000 shares at $31.29 during a trade that took place back on Aug 05 ’24, which means that Bruen Michael is holding 375,739 shares at $156,450 based on the most recent closing price.
Stock Fundamentals for BWMN
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.46 for the gross margin
The net margin for Bowman Consulting Group Ltd stands at -0.03. The total capital return value is set at -0.02. Equity return is now at value -5.41, with -2.57 for asset returns.
Based on Bowman Consulting Group Ltd (BWMN), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is -1.57.
Currently, EBITDA for the company is 12.28 million with net debt to EBITDA at 7.91. When we switch over and look at the enterprise to sales, we see a ratio of 1.31. The receivables turnover for the company is 2.71for trailing twelve months and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
To put it simply, Bowman Consulting Group Ltd (BWMN) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
