Orbital Energy Group Inc. [OEG] Is Currently 4.30 above its 200 Period Moving Avg: What Does This Mean?


Orbital Energy Group Inc. [NASDAQ: OEG] gained 4.30% or 0.11 points to close at $2.67 with a heavy trading volume of 2703698 shares. The company report on November 17, 2021 that Orbital Energy Group, Inc. Announces Acquisition of Front Line Power Construction LLC.

Synergistic Acquisition Expected to be Immediately Accretive to Earnings and Substantially Transforms OEG into a Full-Service Infrastructure Service Provider.

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Orbital Energy Group, Inc. (NASDAQ: OEG) (“OEG”) announced it has acquired 100% of Front Line Power Construction LLC (“Front Line,” “FLP,” or “Company”), a Houston-based full-service electrical infrastructure service company that has provided construction, maintenance, and emergency response services for customers since 2010.

It opened the trading session at $2.55, the shares rose to $2.705 and dropped to $2.51, the range by which the price of stock traded the whole day. The daily chart for OEG points out that the company has recorded -21.24% loss over the past six months. However, it is still -161.76% lower than its most recent low trading price.

If we look at the average trading volume of 2.29M shares, OEG reached to a volume of 2703698 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $10.70 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 2.00. 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.

B. Riley Securities have made an estimate for Orbital Energy Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 16, 2021. While these analysts kept the previous recommendation, Alliance Global Partners raised their target price to Buy. The new note on the price target was released on February 22, 2021, representing the official price target for Orbital Energy Group Inc. stock. Previously, the target price had yet another raise from $4 to $12, while B. Riley Securities kept a Buy rating on OEG stock.

The Average True Range (ATR) for Orbital Energy Group Inc. is set at 0.18, with the Price to Sales ratio for OEG stock in the period of the last 12 months amounting to 2.66. The Price to Book ratio for the last quarter was 1.84, with the Price to Cash per share for the same quarter was set at 0.16.

Trading performance analysis for OEG stock

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 4.30. With this latest performance, OEG shares dropped by -1.48% in over the last four-week period, additionally sinking by -21.24% over the last 6 months – not to mention a rise of 97.78% 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 49.04, with the RSI for the last a single of trading hit 52.20, and the three-weeks RSI is set at 47.24 for Orbital Energy Group Inc. [OEG]. The present Moving Average for the last 50 days of trading for this stock 2.83, while it was recorded at 2.58 for the last single week of trading, and 4.11 for the last 200 days.

Orbital Energy Group Inc. [OEG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Orbital Energy Group Inc. [OEG] shares currently have an operating margin of -74.85 and a Gross Margin at +6.12. Orbital Energy Group Inc.’s Net Margin is presently recorded at -79.03.

Return on Total Capital for OEG is now -63.09, given the latest momentum, and Return on Invested Capital for the company is -80.54. Return on Equity for this stock declined to -100.75, with Return on Assets sitting at -46.63. 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 144.27. Additionally, OEG Total Debt to Total Capital is recorded at 59.06, with Total Debt to Total Assets ending up at 37.46. Long-Term Debt to Equity for the company is recorded at 59.88, with the Long-Term Debt to Total Capital now at 24.51.

Reflecting on the efficiency of the workforce at the company, Orbital Energy Group Inc. [OEG] managed to generate an average of -$106,891 per employee. Receivables Turnover for the company is 3.20 with a Total Asset Turnover recorded at a value of 0.59.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.

Orbital Energy Group Inc. [OEG]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Orbital Energy Group Inc. posted -0.26/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -52.90%. 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%.

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An analysis of insider ownership at Orbital Energy Group Inc. [OEG]

There are presently around $34 million, or 21.60% of OEG stock, in the hands of institutional investors. The top three institutional holders of OEG stocks are: GW HENSSLER & ASSOCIATES LTD with ownership of 2,900,064, which is approximately 0.099% of the company’s market cap and around 1.30% of the total institutional ownership; VANGUARD GROUP INC, holding 2,249,788 shares of the stock with an approximate value of $6.01 million in OEG stocks shares; and AWM INVESTMENT COMPANY, INC., currently with $3.38 million in OEG stock with ownership of nearly New of the company’s market capitalization.

Positions in Orbital Energy Group Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 33 institutional holders increased their position in Orbital Energy Group Inc. [NASDAQ:OEG] by around 3,949,255 shares. Additionally, 19 investors decreased positions by around 1,558,694 shares, while 17 investors held positions by with 7,308,227 shares. The mentioned changes placed institutional holdings at 12,816,176 shares, according to the latest SEC report filing. OEG stock had 14 new institutional investments in for a total of 2,587,396 shares, while 11 institutional investors sold positions of 800,088 shares during the same period.