While Bowman Consulting Group Ltd has underperformed by -0.40%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BWMN rose by 38.24%, with highs and lows ranging from $45.83 to $17.90, whereas the simple moving average jumped by 5.38% in the last 200 days.
On June 03, 2024, Robert W. Baird started tracking Bowman Consulting Group Ltd (NASDAQ: BWMN) recommending Outperform. A report published by BofA Securities on May 24, 2024, Initiated its previous ‘Buy’ rating for BWMN. ROTH MKM also rated BWMN shares as ‘Buy’, setting a target price of $45 on the company’s shares in an initiating report dated December 08, 2023. Craig Hallum Initiated an Buy rating on September 05, 2023, and assigned a price target of $46. DA Davidson initiated its ‘Buy’ rating for BWMN, as published in its report on June 01, 2021. B. Riley Securities’s report from June 01, 2021 suggests a price prediction of $19 for BWMN shares, giving the stock a ‘Buy’ rating.
Analysis of Bowman Consulting Group Ltd (BWMN)
Further, the quarter-over-quarter increase in sales is 10.62%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Bowman Consulting Group Ltd’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 6.31% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and BWMN is recording an average volume of 121.95K. On a monthly basis, the volatility of the stock is set at 4.73%, whereas on a weekly basis, it is put at 4.49%, with a loss of -0.75% over the past seven days. Furthermore, long-term investors anticipate a median target price of $47.43, showing growth from the present price of $34.49, which can serve as yet another indication of whether BWMN is worth investing in or should be passed over.
How Do You Analyze Bowman Consulting Group Ltd Shares?
Bowman Consulting Group Ltd (BWMN) is based in the USA and is one of the most prominent companies operating in the Engineering & Construction market. When comparing Bowman Consulting Group Ltd shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 36.27, there is a growth in quarterly earnings of 777.46%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 19.05%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 62.97% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
