Orion Energy Systems, Inc. (NASDAQ:OESX) has a beta value of 2.39 and has seen 410,885 shares traded in the last trading session. The company, currently valued at $273.06 Million, closed the last trade at $8.89 per share which meant it lost $0 on the day or 0% during that session. The OESX stock price is -4.61% off its 52-week high price of $9.3 and 69.63% above the 52-week low of $2.7. If we look at the company’s 10-day average daily trading volume, we find that it stood at 316.35 Million shares traded. The 3-month trading volume is 493.82 Million shares.
The consensus among analysts is that Orion Energy Systems, Inc. (OESX) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 4 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.17.
Orion Energy Systems, Inc. (NASDAQ:OESX) trade information
Despite being 0% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Nov 20 when the OESX stock price touched $9.18-3 or saw a rise of 3.16%. Year-to-date, Orion Energy Systems, Inc. shares have moved 165.37%, while the 5-day performance has seen it change 11.68%. Over the past 30 days, the shares of Orion Energy Systems, Inc. (NASDAQ:OESX) have changed 16.67%. Short interest in the company has seen 1.19 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $11.56, which means that the shares’ value could jump 30.03% from current levels. The projected low price target is $9.25 while the price target rests at a high of $15. In that case, then, we find that the current price level is +68.73% off the targeted high while a plunge would see the stock lose 4.05% from current levels.
Orion Energy Systems, Inc. (OESX) estimates and forecasts
Figures show that Orion Energy Systems, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +94.53% over the past 6 months, with this year growth rate of -7.5%, compared to 19.3% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 142.9% and 1150% for the next quarter. Revenue growth from the last financial year stood is estimated to be -16.7%.
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 +17.9% over the past 5 years. Earnings growth for 2020 is a modest +277.5% while over the next 5 years, the company’s earnings are expected to increase by 25%.
Orion Energy Systems, Inc. (NASDAQ:OESX)’s Major holders
Insiders own 15.06% of the company shares, while shares held by institutions stand at 61.12% with a share float percentage of 71.96%. Investors are also buoyed by the number of investors in a company, with Orion Energy Systems, Inc. having a total of 110 institutions that hold shares in the company. The top two institutional holders are North Star Investment Management Corp with over 3.1 Million shares worth more than $23.45 Million. As of September 29, 2020, North Star Investment Management Corp held 10.09% of shares outstanding.
The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 2.42 Million shares as of September 29, 2020. The firm’s total holdings are worth over $18.28 Million and represent 7.86% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Northern Lights Fd Tr II-North Star Opportunity Fd. As of June 29, 2020, the former fund manager holds about 4.21% shares in the company for having 1292281 shares of worth $4.47 Million while later fund manager owns 927Thousand shares of worth $5.91 Million as of August 30, 2020, which makes it owner of about 3.02% of company’s outstanding stock.