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After finishing at $73.07 in the prior trading day, Ormat Technologies Inc (NYSE: ORA) closed at $71.47, down -2.19%. In other words, the price has decreased by -$2.19 from its previous closing price. On the day, 0.8 million shares were traded. ORA stock price reached its highest trading level at $73.655 during the session, while it also had its lowest trading level at $71.29.
Ratios:
Our goal is to gain a better understanding of ORA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 0.95. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.87.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on May 10, 2024, Reiterated its Hold rating but revised its target price to $76 from $70 previously.
On February 23, 2024, TD Cowen reiterated its Market Perform rating and also upped its target price recommendation from $74 to $70.
ROTH MKM Upgraded its Neutral to Buy on August 07, 2023, while the target price for the stock was maintained at $92.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 13 ’24 when ORIX CORP sold 3,700,000 shares for $75.38 per share. The transaction valued at 278,906,000 led to the insider holds 2,976,077 shares of the business.
STERN STANLEY sold 411 shares of ORA for $32,847 on Dec 03 ’24. The Director now owns 4,931 shares after completing the transaction at $79.92 per share. On Dec 03 ’24, another insider, STERN STANLEY, who serves as the Director of the company, bought 411 shares for $79.92 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ORA now has a Market Capitalization of 4323477504 and an Enterprise Value of 6806871552. As of this moment, Ormat’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.51, and their Forward P/E ratio for the next fiscal year is 31.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.86 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 7.646 whereas that against EBITDA is 15.467.
Stock Price History:
Over the past 52 weeks, ORA has reached a high of $84.30, while it has fallen to a 52-week low of $59.41. The 50-Day Moving Average of the stock is -9.52%, while the 200-Day Moving Average is calculated to be -2.30%.
Shares Statistics:
The stock has traded on average 471.14K shares per day over the past 3-months and 830660 shares per day over the last 10 days, according to various share statistics. A total of 60.48M shares are outstanding, with a floating share count of 60.33M. Insiders hold about 0.24% of the company’s shares, while institutions hold 89.35% stake in the company. Shares short for ORA as of 1732838400 were 3251981 with a Short Ratio of 6.90, compared to 1730332800 on 3142490. Therefore, it implies a Short% of Shares Outstanding of 3251981 and a Short% of Float of 7.2700000000000005.
Dividends & Splits
In the trailing 12 months, ORA’s forward annual dividend rate was 0.48, compared to 0.48 this year. Against a Trailing Annual Dividend Yield of 0.0065690433The stock’s 5-year Average Dividend Yield is 0.62.
Earnings Estimates
Its stock is currently analyzed by 7.0 different market analysts. The consensus estimate for the next quarter is $0.64, with high estimates of $0.76 and low estimates of $0.48.
Analysts are recommending an EPS of between $2.12 and $1.71 for the fiscal current year, implying an average EPS of $1.94. EPS for the following year is $2.25, with 7.0 analysts recommending between $2.85 and $1.72.
Revenue Estimates
6 analysts predict $236.39M in revenue for the current quarter. It ranges from a high estimate of $240.06M to a low estimate of $233M. As of the current estimate, Ormat Technologies Inc’s year-ago sales were $241.34MFor the next quarter, 6 analysts are estimating revenue of $240.2M. There is a high estimate of $250.3M for the next quarter, whereas the lowest estimate is $230.53M.
A total of 6 analysts have provided revenue estimates for ORA’s current fiscal year. The highest revenue estimate was $888.97M, while the lowest revenue estimate was $882.3M, resulting in an average revenue estimate of $885.36M. In the same quarter a year ago, actual revenue was $829.42MBased on 6 analysts’ estimates, the company’s revenue will be $979.42M in the next fiscal year. The high estimate is $1.07B and the low estimate is $920M.
