Orbital Infrastructure Group Inc. (NASDAQ:OIG) has a beta value of 1.09 and has seen 2.17 million shares traded in the last trading session. The company, currently valued at $25.91M, closed the last trade at $0.19 per share which meant it lost -$0.01 on the day or -2.96% during that session. The OIG stock price is -1331.58% off its 52-week high price of $2.72 and 21.05% above the 52-week low of $0.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.5 million shares traded. The 3-month trading volume is 1.20 million shares.
The consensus among analysts is that Orbital Infrastructure Group Inc. (OIG) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.07.
Orbital Infrastructure Group Inc. (NASDAQ:OIG) trade information
Sporting -2.96% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the OIG stock price touched $0.19 or saw a rise of 18.0%. Year-to-date, Orbital Infrastructure Group Inc. shares have moved -1.98%, while the 5-day performance has seen it change -13.10%. Over the past 30 days, the shares of Orbital Infrastructure Group Inc. (NASDAQ:OIG) have changed 9.72%. Short interest in the company has seen 2.16 million shares shorted with days to cover at 2.42.
Wall Street analysts have a consensus price target for the stock at $1.50, which means that the shares’ value could jump 87.33% from current levels. The projected low price target is $1.00 while the price target rests at a high of $2.00. In that case, then, we find that the current price level is -952.63% off the targeted high while a plunge would see the stock gain -426.32% from current levels.
Orbital Infrastructure Group Inc. (OIG) estimates and forecasts
The company’s shares have lost -64.57% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 414.00%.
2 analysts offering their estimates for the company have set an average revenue estimate of $132.05 million for the current quarter. 2 have an estimated revenue figure of $130.08 million for the next quarter concluding in Dec 2022. Year-ago sales stood $30.92 million and $41.05 million respectively for this quarter and the next, and analysts expect sales will grow by 327.10% for the current quarter and 216.90% for the next.
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 -19.70% over the past 5 years. Earnings growth for 2023 is a modest 15.70% while over the next 5 years, the company’s earnings are expected to increase by 25.00%.
Orbital Infrastructure Group Inc. is expected to release its next earnings report between March 28 and April 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Orbital Infrastructure Group Inc. (NASDAQ:OIG)’s Major holders
Insiders own 15.00% of the company shares, while shares held by institutions stand at 16.01% with a share float percentage of 18.83%. Investors are also buoyed by the number of investors in a company, with Orbital Infrastructure Group Inc. having a total of 63 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 3.28 million shares worth more than $2.07 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 2.86% of shares outstanding.
The other major institutional holder is AWM Investment Company, Inc., with the holding of over 2.86 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $1.8 million and represent 2.49% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.03% shares in the company for having 2.33 million shares of worth $1.47 million while later fund manager owns 0.83 million shares of worth $0.52 million as of Jun 29, 2022, which makes it owner of about 0.72% of company’s outstanding stock.