Orbital Energy Group Inc. (NASDAQ:OEG) price closed higher on Monday, September 13, jumping 0.31% above its previous close.
A look at the daily price movement shows that the last close reads $3.18, with intraday deals fluctuated between $3.1179 and $3.2599. The company’s 5Y monthly beta was ticking 0.90. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.20 and 52-week low of $0.50. The stock subtracted -7.00% on its value in the past month.
Orbital Energy Group Inc., which has a market valuation of $211.47 million, is expected to release its quarterly earnings report Nov 15, 2021 – Nov 19, 2021. Analysts tracking OEG have forecast the quarterly EPS to shrink by -0.09 per share this quarter, while the same analysts predict the annual EPS to hit -$0.72 for the year 2021 and up to $0.14 for 2022. In this case, analysts estimate an annual EPS growth of 29.40% for the year and 119.40% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $28.73 million, with the likely lows of $22.5 million and highs of $36.39 million. Staying with the analyst view, there is a consensus estimate of $90.24 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 134.90% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give OEG a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 3 analysts have assigned OEG a recommendation rating as follows: 0 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Orbital Energy Group Inc. (OEG) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that OEG’s price is at present -0.58% off the SMA20 and -10.76% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 43.92, with weekly volatility standing at 5.27%. The indicator jumps to 6.45% when calculated based on the past 30 days. Orbital Energy Group Inc. (NASDAQ:OEG)’s beta value is holding at 0.93, while the average true range (ATR) indicator is currently reading 0.19. Considering analysts have assigned the stock a price target range of $6.00-$11.40 as the low and high respectively, we find the trailing 12-month average consensus price target to be $9.13. Based on this estimate, we see that current price is roughly -88.09% off the estimated low and -257.37% off the forecast high. Investors will no doubt be excited to see the share price fall to $10.00, which is the median consensus price, and at that level OEG would be -213.48% from current price.
An analysis of the Orbital Energy Group Inc. (NASDAQ:OEG) stock in terms of its daily trading volume indicates that the 3-month average is 2.64 million.
Current records show that the company has 51.84M in outstanding shares. The insiders’ percentage holdings are 1.20% of outstanding shares while the percentage share held by institutions stands at 20.80%. But the 45.66% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.