In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $78.75 in the prior trading day, Ormat Technologies Inc (NYSE: ORA) closed at $78.20, down -0.70%. In other words, the price has decreased by -$0.70 from its previous closing price. On the day, 0.53 million shares were traded. ORA stock price reached its highest trading level at $79.0 during the session, while it also had its lowest trading level at $77.47.
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 03 ’24 when STERN STANLEY sold 411 shares for $79.92 per share. The transaction valued at 32,847 led to the insider holds 4,931 shares of the business.
STERN STANLEY bought 411 shares of ORA for $32,848 on Dec 03 ’24. On Dec 02 ’24, another insider, Granot David, who serves as the Director of the company, sold 1,256 shares for $82.00 each. As a result, the insider received 102,992 and left with 3,576 shares of the company.
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 4762528256 and an Enterprise Value of 7213878272. As of this moment, Ormat’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.95, and their Forward P/E ratio for the next fiscal year is 34.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.31 while its Price-to-Book (P/B) ratio in mrq is 1.98. Its current Enterprise Value per Revenue stands at 8.103 whereas that against EBITDA is 16.392.
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 -1.09%, while the 200-Day Moving Average is calculated to be 7.56%.
Shares Statistics:
The stock has traded on average 386.89K shares per day over the past 3-months and 365680 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 0.25% of the company’s shares, while institutions hold 93.64% stake in the company. Shares short for ORA as of 1731628800 were 3392126 with a Short Ratio of 8.77, compared to 1728950400 on 3091182. Therefore, it implies a Short% of Shares Outstanding of 3392126 and a Short% of Float of 7.59.
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 0.006095238The stock’s 5-year Average Dividend Yield is 0.62.
