After A -51.79% Fall This Year Is Orbital Energy Group Inc. (NASDAQ:OEG) A Better Buy Than Others? – Marketing Sentinel
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After A -51.79% Fall This Year Is Orbital Energy Group Inc. (NASDAQ:OEG) A Better Buy Than Others?

In last trading session, Orbital Energy Group Inc. (NASDAQ:OEG) saw 1.06 million shares changing hands with its beta currently measuring 0.74. Company’s recent per share price level of $2.02 trading at $0.01 or 0.50% at ring of the bell on the day assigns it a market valuation of $136.61M. That closing price of OEG’s stock is at a discount of -454.46% from its 52-week high price of $11.20 and is indicating a premium of 4.95% from its 52-week low price of $1.92. Taking a look at company’s average trading volume of 2.21 million if we extend that period to 3-months.

For Orbital Energy Group Inc. (OEG), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.1 in the current quarter.

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Orbital Energy Group Inc. (NASDAQ:OEG) trade information

Upright in the green during last session for gaining 0.50%, in the last five days OEG remained trading in the red while hitting it’s week-highest on Friday, 01/07/22 when the stock touched $2.02 price level, adding 6.91% to its value on the day. Orbital Energy Group Inc.’s shares saw a change of -7.76% in year-to-date performance and have moved -3.81% in past 5-day. Orbital Energy Group Inc. (NASDAQ:OEG) showed a performance of -24.91% in past 30-days.

Wall Street analysts have assigned a consensus price target of $9.25 to the stock, which implies a rise of 78.16% to its current value. Analysts have been projecting $8.50 as a low price target for the stock while placing it at a high target of $10.00. It follows that stock’s current price would drop -395.05% in reaching the projected high whereas dropping to the targeted low would mean a loss of -320.79% for stock’s current value.

Orbital Energy Group Inc. (OEG) estimates and forecasts

The company is estimating its revenue growth to increase by 61.50% in the current quarter and calculating 87.50% increase in the next quarter. This year revenue growth is estimated to rise 164.80% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $45.02 million for the same. And 2 analysts are in estimates of company making revenue of $70.49 million in the next quarter that will end on Mar 2022. Company posted $11.34 million and $9.49 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 297.10% while estimating it to be 642.70% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -28.60% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -113.20% while estimates for its earnings growth in next 5 years are of 25.00%.

OEG Dividends

Orbital Energy Group Inc. is more likely to be releasing its next quarterly report between March 28 and April 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Orbital Energy Group Inc. (NASDAQ:OEG)’s Major holders

Insiders are in possession of 26.15% of company’s total shares while institution are holding 21.13 percent of that, with stock having share float percentage of 28.60%. Investors also watch the number of corporate investors in a company very closely, which is 21.13% institutions for Orbital Energy Group Inc. that are currently holding shares of the company. Henssler (G.W.) & Associates, Ltd. is the top institutional holder at OEG for having 2.9 million shares of worth $8.93 million. And as of Sep 29, 2021, it was holding 4.35% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 2.25 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 3.38% of outstanding shares, having a total worth of $6.93 million.

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On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 1.34 million shares of worth $4.12 million or 2.01% of the total outstanding shares. The later fund manager was in possession of 0.8 million shares on Sep 29, 2021, making its stake of worth around $2.48 million in the company or a holder of 1.21% of company’s stock.

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