Otter Tail Corporation (NASDAQ: OTTR) has a price-to-earnings ratio of 12.17x that is above its average ratio. Additionally, the 36-month beta value for OTTR is 0.56. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for OTTR is 40.84M and currently, short sellers hold a 8.26% ratio of that float. The average trading volume of OTTR on March 28, 2024 was 252.42K shares.
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OTTR) stock’s latest price update
Otter Tail Corporation (NASDAQ: OTTR)’s stock price has increased by 3.63 compared to its previous closing price of 82.17. However, the company has seen a 4.38% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-06 that Otter Tail (OTTR) raises its quarterly dividend yet again, thanks to its two-platform business model and systematic capital expenditure, which are boosting the company’s performance.
OTTR’s Market Performance
Otter Tail Corporation (OTTR) has experienced a 4.38% rise in stock performance for the past week, with a -2.74% drop in the past month, and a -3.59% drop in the past quarter. The volatility ratio for the week is 1.86%, and the volatility levels for the past 30 days are at 2.25% for OTTR. The simple moving average for the past 20 days is 1.41% for OTTR’s stock, with a 4.41% simple moving average for the past 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 $68 based on the research report published on May 03, 2023 of the previous year 2023.
Siebert Williams Shank gave a rating of “Hold” to OTTR, setting the target price at $63 in the report published on November 28th of the previous year.
OTTR Trading at -2.57% 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 -14.41% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares sank -4.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.29% upper at present.
During the last 5 trading sessions, OTTR rose by +4.38%, which changed the moving average for the period of 200-days by +9.72% in comparison to the 20-day moving average, which settled at $83.78. In addition, Otter Tail Corporation saw 0.21% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OTTR starting from ERICKSON JOHN D, who sale 2,500 shares at the price of $77.36 back on Nov 20 ’23. After this action, ERICKSON JOHN D now owns 0 shares of Otter Tail Corporation, valued at $193,400 using the latest closing price.
Stock Fundamentals for OTTR
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.42 for the gross margin
The net margin for Otter Tail Corporation stands at 0.22. The total capital return value is set at 0.13. Equity return is now at value 22.12, with 9.07 for asset returns.
Based on Otter Tail Corporation (OTTR), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 10.03.
Currently, EBITDA for the company is 499.12 million with net debt to EBITDA at 1.35. When we switch over and look at the enterprise to sales, we see a ratio of 3.14. The receivables turnover for the company is 8.59for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.
Conclusion
In conclusion, Otter Tail Corporation (OTTR) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
