Ormat Technologies Inc [NYSE: ORA] closed the trading session at $74.20.
The stocks have a year to date performance of -2.10 percent and weekly performance of -5.12 percent. The stock has been moved at -0.55 percent over the last six months. The stock has performed -6.69 percent around the most recent 30 days and changed -2.28 percent over the most recent 3-months.
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If compared to the average trading volume of 407.70K shares, ORA reached to a volume of 2471674 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Ormat Technologies Inc [ORA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ORA shares is $86.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ORA stock is a recommendation set at 2.25. 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.
TD Cowen have made an estimate for Ormat Technologies Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 10, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $74 to $70. The new note on the price target was released on February 23, 2024, representing the official price target for Ormat Technologies Inc stock. Previously, the target price had yet another raise to $92, while ROTH MKM analysts kept a Buy rating on ORA stock.
The Average True Range (ATR) for Ormat Technologies Inc is set at 1.96, with the Price to Sales ratio for ORA stock in the period of the last 12 months amounting to 5.04. The Price to Book ratio for the last quarter was 1.88, with the Price to Cash per share for the same quarter was set at 2.92.
ORA stock trade performance evaluation
Ormat Technologies Inc [ORA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.12. With this latest performance, ORA shares dropped by -6.69% in over the last four-week period, additionally sinking by -0.55% over the last 6 months – not to mention a rise of 6.93% 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 ORA stock in for the last two-week period is set at 32.47, with the RSI for the last a single of trading hit 26.37, and the three-weeks RSI is set at 37.41 for Ormat Technologies Inc [ORA]. The present Moving Average for the last 50 days of trading for this stock 79.20, while it was recorded at 78.26 for the last single week of trading, and 73.05 for the last 200 days.
Ormat Technologies Inc [ORA]: An insightful look at the core fundamentals
Ormat Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.87 and a Current Ratio set at 0.95.
Earnings per share (EPS) analysis for Ormat Technologies Inc [ORA] stock
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 ORA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ormat Technologies Inc go to 10.00%.
Ormat Technologies Inc [ORA]: Institutional Ownership
There are presently around $96.69%, or 97.12%% of ORA stock, in the hands of institutional investors. The top three institutional holders of ORA stocks are: BLACKROCK INC. with ownership of 8.42 million shares, which is approximately 13.9427%. ORIX CORP, holding 6.68 million shares of the stock with an approximate value of $$478.67 million in ORA stocks shares; and ORIX CORP, currently with $$415.82 million in ORA stock with ownership which is approximately 9.6039%.
