The price-to-earnings ratio for Ormat Technologies Inc (NYSE: ORA) is above average at 30.20x. The 36-month beta value for ORA is also noteworthy at 0.48. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ORA is 60.25M, and at present, short sellers hold a 5.46% of that float. The average trading volume of ORA on April 19, 2024 was 472.68K shares.
ORA) stock’s latest price update
Ormat Technologies Inc (NYSE: ORA)’s stock price has plunge by 1.30relation to previous closing price of 62.11. Nevertheless, the company has seen a -4.78% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-26 that Investors with an interest in Alternative Energy – Other stocks have likely encountered both Crescent Energy (CRGY) and Ormat Technologies (ORA). But which of these two stocks presents investors with the better value opportunity right now?
ORA’s Market Performance
Ormat Technologies Inc (ORA) has seen a -4.78% fall in stock performance for the week, with a -2.53% decline in the past month and a -5.65% plunge in the past quarter. The volatility ratio for the week is 4.14%, and the volatility levels for the past 30 days are at 2.62% for ORA. The simple moving average for the last 20 days is -2.61% for ORA stock, with a simple moving average of -10.52% for the last 200 days.
Analysts’ Opinion of ORA
Many brokerage firms have already submitted their reports for ORA stocks, with TD Cowen repeating the rating for ORA by listing it as a “Market Perform.” The predicted price for ORA in the upcoming period, according to TD Cowen is $70 based on the research report published on February 23, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see ORA reach a price target of $92. The rating they have provided for ORA stocks is “Buy” according to the report published on August 07th, 2023.
Barclays gave a rating of “Equal Weight” to ORA, setting the target price at $89 in the report published on May 22nd of the previous year.
ORA Trading at -3.33% from the 50-Day Moving Average
After a stumble in the market that brought ORA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.02% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 4.14%, as shares sank -4.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.04% lower at present.
During the last 5 trading sessions, ORA fell by -4.78%, which changed the moving average for the period of 200-days by -21.42% in comparison to the 20-day moving average, which settled at $64.46. In addition, Ormat Technologies Inc saw -16.98% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ORA starting from STERN STANLEY, who sale 1,825 shares at the price of $66.95 back on Mar 28 ’24. After this action, STERN STANLEY now owns 4,835 shares of Ormat Technologies Inc, valued at $122,184 using the latest closing price.
SHARIR DAFNA, the Director of Ormat Technologies Inc, sale 312 shares at $64.69 during a trade that took place back on Nov 17 ’23, which means that SHARIR DAFNA is holding 2,800 shares at $20,183 based on the most recent closing price.
Stock Fundamentals for ORA
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.32 for the gross margin
The net margin for Ormat Technologies Inc stands at 0.15. The total capital return value is set at 0.03. Equity return is now at value 5.95, with 2.53 for asset returns.
Based on Ormat Technologies Inc (ORA), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 1.27.
Currently, EBITDA for the company is 402.51 million with net debt to EBITDA at 6.46. When we switch over and look at the enterprise to sales, we see a ratio of 6.78. The receivables turnover for the company is 3.05for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
In summary, Ormat Technologies Inc (ORA) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
