In the past week, ORA stock has gone up by 2.78%, with a monthly gain of 0.74% and a quarterly surge of 10.32%. The volatility ratio for the week is 1.55%, and the volatility levels for the last 30 days are 2.03% for Ormat Technologies Inc The simple moving average for the past 20 days is 1.14% for ORA’s stock, with a 12.74% simple moving average for the past 200 days.
Is It Worth Investing in Ormat Technologies Inc (NYSE: ORA) Right Now?
Ormat Technologies Inc (NYSE: ORA) has a higher price-to-earnings ratio of 41.68x compared to its average ratio. ORA has 36-month beta value of 0.53. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for ORA is 60.33M, and currently, short sellers hold a 5.62% ratio of that float. The average trading volume of ORA on November 28, 2024 was 380.05K shares.
ORA) stock’s latest price update
The stock of Ormat Technologies Inc (NYSE: ORA) has increased by 0.57 when compared to last closing price of 81.13.Despite this, the company has seen a gain of 2.78% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-14 that Calvert Research and Management ranked the 100 most sustainable companies based on over 230 ESG indicators, including workplace diversity and greenhouse-gas emissions. Eight of 78 dividend-paying sustainable companies offer dividends exceeding their share prices, signalling potential buy opportunities for investors. Analysts estimate net gains of 17.47% to 69.69% for the top ten sustainable companies by November 2025, based on target prices and dividends.
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 “Hold.” The predicted price for ORA in the upcoming period, according to TD Cowen is $76 based on the research report published on May 10, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ORA reach a price target of $70, previously predicting the price at $74. The rating they have provided for ORA stocks is “Market Perform” according to the report published on February 23rd, 2024.
ROTH MKM gave a rating of “Buy” to ORA, setting the target price at $92 in the report published on August 07th of the previous year.
ORA Trading at 3.76% 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 -3.21% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +1.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.27% upper at present.
During the last 5 trading sessions, ORA rose by +2.78%, which changed the moving average for the period of 200-days by +26.83% in comparison to the 20-day moving average, which settled at $80.67. In addition, Ormat Technologies Inc saw 7.65% 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 ORA starting from Wong Byron G., who sale 1,266 shares at the price of $74.98 back on Sep 20 ’24. After this action, Wong Byron G. now owns 6,906 shares of Ormat Technologies Inc, valued at $94,925 using the latest closing price.
Wong Byron G., the Director of Ormat Technologies Inc, proposed sale 1,266 shares at $74.98 during a trade that took place back on Sep 20 ’24, which means that Wong Byron G. is holding shares at $94,925 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
- 0.31 for the gross margin
The net margin for Ormat Technologies Inc stands at 0.13. The total capital return value is set at 0.03. Equity return is now at value 5.08, with 2.24 for asset returns.
Based on Ormat Technologies Inc (ORA), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 1.08.
Currently, EBITDA for the company is 468.93 million with net debt to EBITDA at 0.88. When we switch over and look at the enterprise to sales, we see a ratio of 6.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
To put it simply, Ormat Technologies Inc (ORA) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
