Orion Group Holdings Inc (NYSE:ORN) shares, rose in value, with the stock price down by -10.39% to the previous day’s close as strong demand from buyers drove the stock to $5.78.
Actively observing the price movement in the last trading, the stock closed the session at $6.45. Referring to stock’s 52-week performance, its high was $12.12, and the low was $5.23. On the whole, ORN has fluctuated by -25.90% over the past month.
With the market capitalization of Orion Group Holdings Inc currently standing at about $224.85 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 807.62M, with a low estimate of 170.34M and a high estimate of 182.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 175.85M.
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 Hold 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 -23.18% and -23.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.69, while the 7-day volatility ratio is showing 12.08% which for the 30-day chart, stands at 7.90%. Furthermore, Orion Group Holdings Inc (ORN)’s beta value is 0.71, and its average true range (ATR) is 0.61.
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 -10.39% in last session, and over the past year, it shrunk by -13.34%%. In comparison, Primoris Services Corp. (PRIM) has moved higher at 2.19%% on the day and was up 71.19% over the past 12 months. On the other hand, the price of Granite Construction Inc. (GVA) has fallen -0.01%% on the day. The stock, however, is off 51.11% from where it was a year ago. Additionally, there is a loss of -0.22%% for Tutor Perini Corp. (TPC) in last trading while the stock has seen an overall depriciation of 143.10%% over the past year.
Data on historical trading for Orion Group Holdings Inc (NYSE:ORN) indicates that the trading volumes over the past 3 months, they’ve averaged 383.86K. According to company’s latest data on outstanding shares, there are 38.90 million shares outstanding.
Nearly 7.04% of Orion Group Holdings Inc’s shares belong to company insiders and institutional investors own 75.24% of the company’s shares. The stock has fallen by -21.15% 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.
