Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Ormat Technologies Inc (NYSE: ORA) closed at $64.25 up 1.36% from its previous closing price of $63.39. In other words, the price has increased by $1.36 from its previous closing price. On the day, 0.51 million shares were traded. ORA stock price reached its highest trading level at $64.565 during the session, while it also had its lowest trading level at $63.52.
Ratios:
For a deeper understanding of Ormat Technologies Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 3886713856 and an Enterprise Value of 6370230784. As of this moment, Ormat’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.82, and their Forward P/E ratio for the next fiscal year is 30.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.36 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 7.156 whereas that against EBITDA is 14.475.
Stock Price History:
The Beta on a monthly basis for ORA is 0.57, which has changed by -0.03295195 over the last 52 weeks, in comparison to a change of 0.21794415 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 -10.94%, while the 200-Day Moving Average is calculated to be -12.46%.
Shares Statistics:
For the past three months, ORA has traded an average of 629.63K shares per day and 555690 over the past ten days. 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 89.80% stake in the company. Shares short for ORA as of 1736899200 were 2692650 with a Short Ratio of 4.28, compared to 1734048000 on 2917112. Therefore, it implies a Short% of Shares Outstanding of 2692650 and a Short% of Float of 6.02.
Dividends & Splits
According to the company, the forward annual dividend rate for ORA is 0.48, from 0.48 in the trailing year. Against a Trailing Annual Dividend Yield of 0.007572172The stock’s 5-year Average Dividend Yield is 0.63.
