Orion Group Holdings Inc (NYSE:ORN) shares, rose in value, with the stock price up by 16.24% to the previous day’s close as strong demand from buyers drove the stock to $6.30.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.42, falling within a range of $6.1105 and $7.46. Referring to stock’s 52-week performance, its high was $12.12, and the low was $4.09. On the whole, ORN has fluctuated by 5.53% over the past month.
With the market capitalization of Orion Group Holdings Inc currently standing at about $245.44 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 853.14M, with a low estimate of 261.15M and a high estimate of 268.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 265.2M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ORN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ORN currently trading nearly 9.60% and 1.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.35, while the 7-day volatility ratio is showing 5.08% which for the 30-day chart, stands at 4.70%. Furthermore, Orion Group Holdings Inc (ORN)’s beta value is 0.81, and its average true range (ATR) is 0.42.
A comparison of Orion Group Holdings Inc (ORN) with its peers suggests the former has fared considerably weaker in the market. ORN showed an intraday change of 16.24% in today’s session so far, and over the past year, it grew by 31.25%%.
Data on historical trading for Orion Group Holdings Inc (NYSE:ORN) indicates that the trading volumes over the past 10 days have averaged 0.33 and over the past 3 months, they’ve averaged 403.11K. According to company’s latest data on outstanding shares, there are 38.96 million shares outstanding.
Nearly 7.04% of Orion Group Holdings Inc’s shares belong to company insiders and institutional investors own 64.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.64 million shares as on 2024-10-15, resulting in a short ratio of 3.42. According to the data, the short interest in Orion Group Holdings Inc (ORN) stood at 500.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 1.61 million. The stock has risen by 27.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ORN stock heading into the next quarter.
