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After finishing at $66.45 in the prior trading day, Ormat Technologies Inc (NYSE: ORA) closed at $64.45, down -3.01%. In other words, the price has decreased by -$3.01 from its previous closing price. On the day, 0.69 million shares were traded. ORA stock price reached its highest trading level at $66.67 during the session, while it also had its lowest trading level at $64.45.
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, Jefferies on January 10, 2025, initiated with a Hold rating and assigned the stock a target price of $73.
On December 19, 2024, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $78.
TD Cowen reiterated its Hold rating for the stock on May 10, 2024, while the target price for the stock was revised from $70 to $76.
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 3898812416 and an Enterprise Value of 6382326272. As of this moment, Ormat’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.93, and their Forward P/E ratio for the next fiscal year is 28.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.38 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 7.169 whereas that against EBITDA is 14.502.
Stock Price History:
The Beta on a monthly basis for ORA is 0.57, which has changed by -0.02848959 over the last 52 weeks, in comparison to a change of 0.24359846 over the same period for the S&P500. 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 -13.14%, while the 200-Day Moving Average is calculated to be -12.22%.
Shares Statistics:
The stock has traded on average 608.51K shares per day over the past 3-months and 579250 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 60.34M. Insiders hold about 0.23% of the company’s shares, while institutions hold 89.82% stake in the company. Shares short for ORA as of 1735603200 were 2617854 with a Short Ratio of 4.30, compared to 1732838400 on 3251981. Therefore, it implies a Short% of Shares Outstanding of 2617854 and a Short% of Float of 5.8500000000000005.
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 0.0072234767The stock’s 5-year Average Dividend Yield is 0.63.
