On Friday, Ormat Technologies Inc (NYSE: ORA) opened lower -3.23% from the last session, before settling in for the closing price of $74.09. Price fluctuations for ORA have ranged from $58.73 to $85.82 over the past 52 weeks.
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Utilities Sector giant saw their annual sales surged by 3.19% over the last five years. Company’s average yearly earnings per share was noted 2.51% at the time writing. With a float of $60.28 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
A key investor’s attitude towards the stock of the Utilities – Renewable industry is another important factor to consider. The insider ownership of Ormat Technologies Inc is 0.24%, while institutional ownership is 94.45%. The most recent insider transaction that took place on Jun 06 ’24, was worth 67,392. In this transaction Director of this company sold 900 shares at a rate of $74.88, taking the stock ownership to the 4,759 shares. Before that another transaction happened on May 31 ’24, when Company’s Director sold 623 for $75.69, making the entire transaction worth $47,155. This insider now owns 5,659 shares in total.
Ormat Technologies Inc (ORA) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 2.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.50% 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
Check out the current performance indicators for Ormat Technologies Inc (ORA). In the past quarter, the stock posted a quick ratio of 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.21, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 2.79 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 0.84 million was better than the volume posted last year of 0.49 million. As of the previous 9 days, the stock’s Stochastic %D was 67.58%. Additionally, its Average True Range was 1.82.
During the past 100 days, Ormat Technologies Inc’s (ORA) raw stochastic average was set at 70.43%, which indicates a significant increase from 29.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.38% in the past 14 days, which was lower than the 28.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $70.91, while its 200-day Moving Average is $68.36. Now, the first resistance to watch is $73.86. This is followed by the second major resistance level at $76.02. The third major resistance level sits at $77.42. If the price goes on to break the first support level at $70.29, it is likely to go to the next support level at $68.89. Should the price break the second support level, the third support level stands at $66.73.
Ormat Technologies Inc (NYSE: ORA) Key Stats
There are currently 60,422K shares outstanding in the company with a market cap of 4.33 billion. Presently, the company’s annual sales total 829,420 K according to its annual income of 124,400 K. Last quarter, the company’s sales amounted to 224,170 K and its income totaled 38,590 K.
