Ormat Technologies Inc. (ORA) volume exceeds 2.32 million: A new investment opportunity for investors

Ormat Technologies Inc. (NYSE: ORA) on June 22, 2022, started off the session at the price of $70.81, plunging -7.36% from the previous trading day. During the day, the shares moved up to $72.06 and dropped to $67.275 before settling in for the closing price of $74.96. Within the past 52 weeks, ORA’s price has moved between $60.32 and $88.52.

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Utilities Sector giant saw their annual sales slid by 0.00% over the last five years. The company achieved an average annual earnings per share of -33.10%. With a float of $55.62 million, this company’s outstanding shares have now reached $56.06 million.

The firm has a total of 1385 workers. Let’s measure their productivity. In terms of profitability, gross margin is +39.86, operating margin of +26.35, and the pretax margin is +15.62.

Ormat Technologies Inc. (ORA) Breakdown of a Key Holders of the stock

Observing investor behavior towards Utilities – Renewable industry stocks is more important than anything else. The insider ownership of Ormat Technologies Inc. is 0.20%, while institutional ownership is 91.10%. The most recent insider transaction that took place on Jun 06, was worth 777,837. In this transaction Director of this company sold 9,502 shares at a rate of $81.86, taking the stock ownership to the 39,615 shares. Before that another transaction happened on Jun 03, when Company’s Director sold 8,200 for $82.68, making the entire transaction worth $677,938. This insider now owns 39,615 shares in total.

Ormat Technologies Inc. (ORA) Recent Fiscal highlights

As on 3/30/2022, Multinational firm has announced its last quarter scores, in which it reported $0.35 earnings per share (EPS) for the period topping the consensus outlook (set at $0.33) by $0.02. This company achieved a net margin of +9.36 while generating a return on equity of 3.39. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.28 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -33.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.00% during the next five years compared to -9.10% drop over the previous five years of trading.

Ormat Technologies Inc. (NYSE: ORA) Trading Performance Indicators

Ormat Technologies Inc. (ORA) is currently performing well based on its current performance indicators. A quick ratio of 0.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.72.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.16, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 1.97 in one year’s time.

Technical Analysis of Ormat Technologies Inc. (ORA)

Analysing the last 5-days average volume posted by the [Ormat Technologies Inc., ORA], we can find that recorded value of 0.76 million was better than the volume posted last year of 0.4 million. As of the previous 9 days, the stock’s Stochastic %D was 15.15%. Additionally, its Average True Range was 3.10.

During the past 100 days, Ormat Technologies Inc.’s (ORA) raw stochastic average was set at 32.34%, which indicates a significant increase from 12.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.10% in the past 14 days, which was higher than the 42.78% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $79.07, while its 200-day Moving Average is $75.26. Now, the first resistance to watch is $71.91. This is followed by the second major resistance level at $74.38. The third major resistance level sits at $76.69. If the price goes on to break the first support level at $67.12, it is likely to go to the next support level at $64.81. Now, if the price goes above the second support level, the third support stands at $62.34.

Ormat Technologies Inc. (NYSE: ORA) Key Stats

Market capitalization of the company is 3.89 billion based on 56,072K outstanding shares. Right now, sales total 663,080 K and income totals 62,090 K. The company made 183,710 K in profit during its latest quarter, and 18,430 K in sales during its previous quarter.


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