Orbital Energy Group, Inc. (NASDAQ:OEG) has a beta value of 0.7 and has seen 779,197 shares traded in the last trading session. The company, currently valued at $21.84 Million, closed the last trade at $0.72 per share which meant it lost $0 on the day or -0.95% during that session. The OEG stock price is -4% off its 52-week high price of $0.7488 and 75% above the 52-week low of $0.18. If we look at the company’s 10-day average daily trading volume, we find that it stood at 126Million shares traded. The 3-month trading volume is 126Million shares.
The consensus among analysts is that Orbital Energy Group, Inc. (OEG) is a Buy stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 3 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.14.
Orbital Energy Group, Inc. (NASDAQ:OEG) trade information
Despite being -0.95% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Oct 12 when the OEG stock price touched $0.8677 or saw a rise of 17.25%. Year-to-date, Orbital Energy Group, Inc. shares have moved -34.73%, while the 5-day performance has seen it change -20.22%. Over the past 30 days, the shares of Orbital Energy Group, Inc. (NASDAQ:OEG) have changed 40.73%. Short interest in the company has seen 106.52 Million shares shorted with days to cover at 0.85.
Wall Street analysts have a consensus price target for the stock at $2.17, which means that the shares’ value could jump 201.39% from current levels. The projected low price target is $2 while the price target rests at a high of $2.5. In that case, then, we find that the current price level is +247.22% off the targeted high while a plunge would see the stock lose 177.78% from current levels.
Orbital Energy Group, Inc. (OEG) estimates and forecasts
Figures show that Orbital Energy Group, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -13.49% over the past 6 months, with this year growth rate of 67.39%, compared to -8.7% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -1300% and -143.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be +203.7%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -28.5% over the past 5 years. Earnings growth for 2020 is a modest +36.4% while over the next 5 years, the company’s earnings are expected to increase by 25%.