In the last trading session, 4,479,367 shares of the Orbital Energy Group, Inc.(NASDAQ:OEG) were traded, and its beta was 0.96. Most recently the company’s share price was $6.94, and it changed around -$0.91 or -0.12% from the last close, which brings the market valuation of the company to $321.09 Million. OEG currently trades at a discount to its 52-week high of $11.2, offering almost -61.38% off that amount. The share price’s 52-week low was $0.45, which indicates that the current value has risen by an impressive 93.52% since then. We note from Orbital Energy Group, Inc.’s average daily trading volume that its 10-day average is 5.86 Million shares, with the 3-month average coming to 8.21 Million.
Orbital Energy Group, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 3 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended OEG as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Orbital Energy Group, Inc. is expected to report earnings per share of -$0.17 for the current quarter.
Orbital Energy Group, Inc. (NASDAQ:OEG): Trading Information
Although OEG has showed a red trend with a performance of -11.59% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $10.14 on Tuesday, Feb 16 increased the stock’s daily price by 31.56%. The company’s shares are currently up 2.17% year-to-date, but still down -0.1806 over the last five days. On the other hand, Orbital Energy Group, Inc. (NASDAQ:OEG) is 0.39% up in the 30-day period. We can see from the shorts that 2.01 Million shares have been sold at a short interest cover period of 0.24 day(s).
The consensus price target as assigned by Wall Street analysts is $14.5, which translates to bears needing to increase their stock price by 108.93% from its current value. Analyst projections state that OEG is forecast to be at a low of $12 and a high of $16.5. In order for the stock price to hit the forecast high, the stock would need to surge +137.75% from its current level, while the stock would need to crash 72.91% from its current level to reach the projected low.
Orbital Energy Group, Inc. (OEG) projections and forecasts
Orbital Energy Group, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +1096.55 percent over the past six months and at a -102.17% annual growth rate that is well below the industry average of 1.3%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -206.2% in revenue this quarter, and will report an increase of 54.2% in the next quarter. The year-over-year growth rate is expected to be 97.2%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $17.82 Million in revenue for the current quarter. 2 analysts expect Orbital Energy Group, Inc. to make $22.14 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $5.7 Million and $5.3 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 212.6%. Forecasts for the next quarter put sales growth at 317.7%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -28.5%. Orbital Energy Group, Inc. earnings are expected to increase by 36.4% in 2021, but the outlook is positive 25% per year for the next five years.
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Orbital Energy Group, Inc. (NASDAQ:OEG)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 11.35% of Orbital Energy Group, Inc. shares, and 18.95% of them are in the hands of institutional investors. The stock currently has a share float of 21.38%. Orbital Energy Group, Inc. stock is held by 26 institutions, with Altium Capital Management LP being the largest institutional investor. By Dec 30, 2020, it held 2.93% of the shares, which is about 1.35 Million shares worth $2.97 Million.
Vanguard Group, Inc. (The), with 2.39% or 1.11 Million shares worth $2.43 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 29, 2020. The former held 688520 shares worth $426.88 Thousand, making up 1.49% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 317.25 Thousand shares worth around $196.7 Thousand, which represents about 0.69% of the total shares outstanding.