Otter Tail Corporation (NASDAQ:OTTR) went up by 0.91% from its latest closing price compared to the recent 1-year high of $82.46. The company’s stock price has collected 4.62% of gains in the last five trading sessions.
Is It Worth Investing in Otter Tail Corporation (NASDAQ :OTTR) Right Now?
Otter Tail Corporation (NASDAQ:OTTR) scored a price-to-earnings ratio above its average ratio, recording 8.25 x from its present earnings ratio. Plus, the 36-month beta value for OTTR is at 0.52. Opinions of the stock are interesting as 1 analysts out of 3 who provided ratings for Otter Tail Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $70.00, which is $10.21 above the current price. OTTR currently public float of 40.83M and currently shorts hold a 3.18% ratio of that float. Today, the average trading volume of OTTR was 178.31K shares.
OTTR’s Market Performance
OTTR stocks went up by 4.62% for the week, with a monthly drop of -13.14% and a quarterly performance of -26.76%, while its annual performance rate touched -16.37%. The volatility ratio for the week stands at 1.63% while the volatility levels for the past 30 days are set at 3.49% for Otter Tail Corporation. The simple moving average for the period of the last 20 days is -0.43% for OTTR stocks with a simple moving average of -11.75% for the last 200 days.
Analysts’ Opinion of OTTR
Many brokerage firms have already submitted their reports for OTTR stocks, with Siebert Williams Shank repeating the rating for OTTR by listing it as a “Sell.” The predicted price for OTTR in the upcoming period, according to Siebert Williams Shank is $64 based on the research report published on August 03rd of the current year 2022.
Sidoti, on the other hand, stated in their research note that they expect to see OTTR reach a price target of $72. The rating they have provided for OTTR stocks is “Neutral” according to the report published on December 16th, 2021.
Sidoti gave a rating of “Buy” to OTTR, setting the target price at $45 in the report published on August 05th of the previous year.
OTTR Trading at -7.36% from the 50-Day Moving Average
After a stumble in the market that brought OTTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.92% of loss for the given period.
Volatility was left at 3.49%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares sank -12.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.47% lower at present.
During the last 5 trading sessions, OTTR rose by +4.62%, which changed the moving average for the period of 200-days by -7.40% in comparison to the 20-day moving average, which settled at $57.62. In addition, Otter Tail Corporation saw -19.08% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at OTTR starting from ERICKSON JOHN D, who sale 2,000 shares at the price of $56.31 back on Nov 21. After this action, ERICKSON JOHN D now owns 0 shares of Otter Tail Corporation, valued at $112,617 using the latest closing price.
O’KEEFE TIMOTHY J, the Director of Otter Tail Corporation, sale 1,525 shares at $67.20 during a trade that took place back on Dec 07, which means that O’KEEFE TIMOTHY J is holding 0 shares at $102,483 based on the most recent closing price.
Stock Fundamentals for OTTR
Current profitability levels for the company are sitting at:
- +20.86 for the present operating margin
- +22.34 for the gross margin
The net margin for Otter Tail Corporation stands at +14.77. Equity return is now at value 27.10, with 10.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.