Ormat Technologies Inc (NYSE: ORA) on Monday, plunged -5.18% from the previous trading day, before settling in for the closing price of $64.30. Within the past 52 weeks, ORA’s price has moved between $58.73 and $88.64.
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Utilities Sector giant saw their annual sales surged by 3.19% over the last five years. The company achieved an average annual earnings per share of 3.15%. With a float of $60.25 million, this company’s outstanding shares have now reached $60.36 million.
The firm has a total of 1576 workers. Let’s measure their productivity.
Ormat Technologies Inc (ORA) Insider Activity
Observing investor behavior towards Utilities – Renewable industry stocks is more important than anything else. The insider ownership of Ormat Technologies Inc is 0.21%, while institutional ownership is 97.95%. The most recent insider transaction that took place on Mar 28 ’24, was worth 122,184. In this transaction Director of this company sold 1,825 shares at a rate of $66.95, taking the stock ownership to the 4,835 shares. Before that another transaction happened on Nov 17 ’23, when Company’s Director sold 312 for $64.69, making the entire transaction worth $20,183. This insider now owns 2,800 shares in total.
Ormat Technologies Inc (ORA) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 119.88 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 32.30% during the next five years compared to 1.61% growth 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 1.12 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 4.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.08, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 2.49 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 0.65 million was better than the volume posted last year of 0.46 million. As of the previous 9 days, the stock’s Stochastic %D was 45.83%. Additionally, its Average True Range was 1.92.
During the past 100 days, Ormat Technologies Inc’s (ORA) raw stochastic average was set at 3.75%, which indicates a significant decrease from 9.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.87% in the past 14 days, which was higher than the 31.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $65.24, while its 200-day Moving Average is $70.51. Now, the first resistance to watch is $63.47. This is followed by the second major resistance level at $65.96. The third major resistance level sits at $67.55. If the price goes on to break the first support level at $59.39, it is likely to go to the next support level at $57.80. Should the price break the second support level, the third support level stands at $55.31.
Ormat Technologies Inc (NYSE: ORA) Key Stats
Market capitalization of the company is 3.68 billion based on 60,400K outstanding shares. Right now, sales total 829,420 K and income totals 124,400 K. The company made 241,340 K in profit during its latest quarter, and 35,730 K in sales during its previous quarter.
