At the time of writing, Orion Group Holdings Inc [ORN] stock is trading at $8.56, down -7.26%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ORN shares have gain 3.13% over the last week, with a monthly amount glided 22.99%, and seem to be holding up well over a long-time horizon.
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On 25, March 2024, Orion Group Holdings, Inc. Announces Retirement of Board Member. In a post published today on Yahoo Finance, Orion Group Holdings, Inc. (NYSE: ORN) (“Orion” or the “Company”), a leading specialty construction company, announced today that Richard L. Daerr, Jr., who has served as an independent member of the Company’s Board of Directors (the “Board”) since 2007 and was Chairman of the Board from 2007 to 2020 as well as Lead Independent Director from 2022 to 2023, informed the Company that he has chosen not to stand for re-election and instead retire from the Board effective at the Company’s upcoming Annual General Meeting of Stockholders on May 16, 2024. Effective upon Mr. Daerr’s retirement, the Board has determined to reduce its size from eight directors to seven directors, six of whom are independent.
From an analyst’s perspective:
Orion Group Holdings Inc [NYSE: ORN] stock has seen the most recent analyst activity on July 28, 2023, when B. Riley Securities upgraded its rating to a Buy and also revised its price target to $3 from $5. Previously, B. Riley Securities downgraded its rating to Neutral on July 30, 2021, and dropped its price target to $5.50. On July 30, 2021, downgrade downgraded it’s rating to Neutral. B. Riley FBR upgraded its rating to a Buy and increased its price target to $5 on July 08, 2019. B. Riley FBR downgraded its rating to a Neutral. FBR & Co. reiterated a Buy rating for this stock on August 18, 2017, and downed its price target to $10. In a note dated October 06, 2016, FBR & Co. upgraded an Outperform rating on this stock and boosted its target price from $6 to $9.
For the past year, the stock price of Orion Group Holdings Inc fluctuated between $2.33 and $9.84. Currently, Wall Street analysts expect the stock to reach $9.5 within the next 12 months. Orion Group Holdings Inc [NYSE: ORN] shares were valued at $8.56 at the most recent close of the market. An investor can expect a potential return of 10.98% based on the average ORN price forecast.
Analyzing the ORN fundamentals
According to Orion Group Holdings Inc [NYSE:ORN], the company’s sales were 711.78M for trailing twelve months, which represents an 2.75% jump. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.14 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.45.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.13 points at the first support level, and at 7.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.26, and for the 2nd resistance point, it is at 9.96.
Orion Group Holdings Inc [ORN] reported earnings per share of $0.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of $0.04 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.02 per share as compared to estimates of -$0.01 per share, a difference of $0.03 representing a surprise of 300.00%.
Ratios To Look Out For
It is important to note that Orion Group Holdings Inc [NYSE:ORN] has a current ratio of 1.26. Further, the Quick Ratio stands at 1.25, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.39, the price to book ratio is 2.29.
Transactions by insiders
Recent insider trading involved Caliel Michael J, Director, that happened on Mar 07 ’24 when 4578.0 shares were purchased. Director, Caliel Michael J completed a deal on Mar 06 ’24 to buy 2430.0 shares. Meanwhile, PRESIDENT & CEO Boone Travis J bought 12000.0 shares on Mar 04 ’24.
