Orbital Energy Group Inc. [NASDAQ: OEG] jumped around 1.18 points on Wednesday, while shares priced at $9.12 at the close of the session, up 14.86%. The company report on January 25, 2021 that Orbital Energy Group’s Subsidiary, Orbital Solar Services, Partners with Black Sunrise Half Century Fund and Akon Lighting America as exclusive EPC for North American Solar Projects.
Orbital Energy Group, Inc. (NASDAQ: OEG), announced that its wholly-owned subsidiary, Orbital Solar Services (“OSS”), a leader in utility-scale solar power generation facilities, has been named the engineering, procurement, and construction (“EPC”) company “of choice” for the newly-formed Black Sunrise Half Century Fund.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
As announced by Akon last Wednesday at President Biden’s “Clean Energy for America” Inaugural Ball (Clean Energy Ball), OSS is partnering with Akon, Akon Lighting America (Akon Lighting), and the Black Sunrise Half Century Fund to decommission coal-fired power plants throughout the United States and convert them into utility-scale solar energy farms. OSS is responsible for providing full EPC services for these solar facilities, beginning in the second quarter of 2021.
Orbital Energy Group Inc. stock is now 316.44% up from its year-to-date (YTD) trading value. OEG Stock saw the intraday high of $9.35 and lowest of $7.83 per share. The company’s 52-week high price is 11.20, which means current price is +401.10% above from all time high which was touched on 01/27/21.
Compared to the average trading volume of 7.23M shares, OEG reached a trading volume of 10709094 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Orbital Energy Group Inc. [OEG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OEG shares is $9.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OEG stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Orbital Energy Group Inc. is set at 1.18, with the Price to Sales ratio for OEG stock in the period of the last 12 months amounting to 13.23. The Price to Book ratio for the last quarter was 11.26, with the Price to Cash per share for the same quarter was set at 0.09.
How has OEG stock performed recently?
Orbital Energy Group Inc. [OEG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.23. With this latest performance, OEG shares gained by 326.17% in over the last four-week period, additionally plugging by 1446.55% over the last 6 months – not to mention a rise of 700.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OEG stock in for the last two-week period is set at 75.16, with the RSI for the last a single of trading hit 74.29, and the three-weeks RSI is set at 75.43 for Orbital Energy Group Inc. [OEG]. The present Moving Average for the last 50 days of trading for this stock 3.19, while it was recorded at 8.25 for the last single week of trading, and 1.31 for the last 200 days.
Orbital Energy Group Inc. [OEG]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Orbital Energy Group Inc. [OEG] shares currently have an operating margin of -68.30 and a Gross Margin at +18.17. Orbital Energy Group Inc.’s Net Margin is presently recorded at -58.00.
Return on Total Capital for OEG is now -32.60, given the latest momentum, and Return on Invested Capital for the company is -28.74. Return on Equity for this stock declined to -32.19, with Return on Assets sitting at -20.15. When it comes to the capital structure of this company, Orbital Energy Group Inc. [OEG] has a Total Debt to Total Equity ratio set at 14.25. Additionally, OEG Total Debt to Total Capital is recorded at 12.48, with Total Debt to Total Assets ending up at 9.58. Long-Term Debt to Equity for the company is recorded at 11.25, with the Long-Term Debt to Total Capital now at 9.85.
Reflecting on the efficiency of the workforce at the company, Orbital Energy Group Inc. [OEG] managed to generate an average of -$53,019 per employee. Receivables Turnover for the company is 1.95 with a Total Asset Turnover recorded at a value of 0.35.Orbital Energy Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
Earnings analysis for Orbital Energy Group Inc. [OEG]
With the latest financial reports released by the company, Orbital Energy Group Inc. posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 245.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OEG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Orbital Energy Group Inc. go to 25.00%.
Insider trade positions for Orbital Energy Group Inc. [OEG]
There are presently around $83 million, or 19.60% of OEG stock, in the hands of institutional investors. The top three institutional holders of OEG stocks are: BLEICHROEDER LP with ownership of 3,700,542, which is approximately 0% of the company’s market cap and around 3.10% of the total institutional ownership; VANGUARD GROUP INC, holding 1,066,878 shares of the stock with an approximate value of $9.73 million in OEG stocks shares; and HEARTLAND ADVISORS INC, currently with $9.26 million in OEG stock with ownership of nearly -28.269% of the company’s market capitalization.
Positions in Orbital Energy Group Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 9 institutional holders increased their position in Orbital Energy Group Inc. [NASDAQ:OEG] by around 179,056 shares. Additionally, 12 investors decreased positions by around 1,287,144 shares, while 10 investors held positions by with 7,590,124 shares. The mentioned changes placed institutional holdings at 9,056,324 shares, according to the latest SEC report filing. OEG stock had 7 new institutional investments in for a total of 178,050 shares, while 2 institutional investors sold positions of 42,051 shares during the same period.