Orbital Energy Group Inc. [OEG] fell -74.11% so far this year. What now?

Related

Orbital Energy Group Inc. [NASDAQ: OEG] loss -5.50% or -0.03 points to close at $0.57 with a heavy trading volume of 2956589 shares. The company report on June 17, 2022 that Upgrading the Decaying US Energy Grid with Renewables.
Interview with Jim O’Neil Vice Chairman and CEO, Orbital Energy Group, Inc.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


Orbital Energy Group (NASDAQ: OEG).

It opened the trading session at $0.60, the shares rose to $0.6175 and dropped to $0.5416, the range by which the price of stock traded the whole day. The daily chart for OEG points out that the company has recorded -71.79% loss over the past six months. However, it is still 1.72% higher than its most recent low trading price.

If we look at the average trading volume of 1.39M shares, OEG reached to a volume of 2956589 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 $7.00 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 0.06, with the Price to Sales ratio for OEG stock in the period of the last 12 months amounting to 0.34. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 0.24.

Trading performance analysis for OEG stock

Orbital Energy Group Inc. [OEG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.10. With this latest performance, OEG shares dropped by -32.14% in over the last four-week period, additionally sinking by -71.79% over the last 6 months – not to mention a drop of -86.27% 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 26.70, with the RSI for the last a single of trading hit 23.99, and the three-weeks RSI is set at 29.02 for Orbital Energy Group Inc. [OEG]. The present Moving Average for the last 50 days of trading for this stock 0.8674, while it was recorded at 0.6346 for the last single week of trading, and 1.7979 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 -61.84 and a Gross Margin at -2.95. Orbital Energy Group Inc.’s Net Margin is presently recorded at -60.14.

Return on Equity for this stock declined to -88.00, with Return on Assets sitting at -20.85.

Orbital Energy Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

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

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%.

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

There are presently around $10 million, or 18.70% of OEG stock, in the hands of institutional investors. The top three institutional holders of OEG stocks are: AWM INVESTMENT COMPANY, INC. with ownership of 3,162,264, which is approximately 4.328% of the company’s market cap and around 3.10% of the total institutional ownership; GW HENSSLER & ASSOCIATES LTD, holding 2,903,064 shares of the stock with an approximate value of $1.74 million in OEG stocks shares; and VANGUARD GROUP INC, currently with $1.38 million in OEG stock with ownership of nearly -15.571% of the company’s market capitalization.

Positions in Orbital Energy Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 27 institutional holders increased their position in Orbital Energy Group Inc. [NASDAQ:OEG] by around 764,571 shares. Additionally, 26 investors decreased positions by around 3,412,518 shares, while 21 investors held positions by with 12,015,859 shares. The mentioned changes placed institutional holdings at 16,192,948 shares, according to the latest SEC report filing. OEG stock had 12 new institutional investments in for a total of 115,945 shares, while 16 institutional investors sold positions of 1,368,004 shares during the same period.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]