Ormat Technologies Inc [ORA] stock is trading at $64.30, down -2.69%. An important factor to consider is whether the stock is rising or falling in short-term value. The ORA shares have gain 0.89% over the last week, with a monthly amount drifted -0.62%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ormat Technologies Inc [NYSE: ORA] stock has seen the most recent analyst activity on February 23, 2024, when TD Cowen reiterated its Market Perform rating and also revised its price target to $70 from $74. Previously, ROTH MKM upgraded its rating to Buy on August 07, 2023, and kept the price target unchanged to $92. On May 22, 2023, Barclays initiated with a Equal Weight rating and assigned a price target of $89 on the stock. UBS upgraded its rating to a Buy and increased its price target to $105 on March 01, 2023. Citigroup started tracking with a Neutral rating for this stock on October 21, 2022, and assigned it a price target of $91. In a note dated January 26, 2022, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $94 to $75.
Ormat Technologies Inc [ORA] stock has fluctuated between $58.73 and $88.64 over the past year. Currently, Wall Street analysts expect the stock to reach $97 within the next 12 months. Ormat Technologies Inc [NYSE: ORA] shares were valued at $64.30 at the most recent close of the market. An investor can expect a potential return of 50.86% based on the average ORA price forecast.
Analyzing the ORA fundamentals
Ormat Technologies Inc [NYSE:ORA] reported sales of 829.42M for the trailing twelve months, which represents a growth of 17.45%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.9.
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 63.28 points at the first support level, and at 62.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.92, and for the 2nd resistance point, it is at 67.55.
Ratios To Look Out For
For context, Ormat Technologies Inc’s Current Ratio is 1.20. On the other hand, the Quick Ratio is 1.12, and the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 4.68, the price to book ratio is 1.68 and price to earnings (TTM) ratio is 30.87.
Transactions by insiders
Recent insider trading involved STERN STANLEY, Director, that happened on Mar 28 ’24 when 1825.0 shares were sold. Director, SHARIR DAFNA completed a deal on Nov 17 ’23 to sell 312.0 shares. Meanwhile, Director Granot David sold 312.0 shares on Nov 17 ’23.
