Ormat Technologies Inc [ORA] stock is trading at $75.26, up 2.90%. An important factor to consider is whether the stock is rising or falling in short-term value. The ORA shares have gain 2.97% over the last week, with a monthly amount glided 17.91%, and 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 May 10, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $76 from $70. Previously, TD Cowen reaffirmed its Market Perform rating on February 23, 2024, and dropped its price target to $70. On August 07, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $92 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $89 on May 22, 2023. UBS upgraded its rating to a Buy and raised its price target to $105 on March 01, 2023. In a note dated October 21, 2022, Citigroup initiated an Neutral rating and provided a target price of $91 on this stock.
Ormat Technologies Inc [ORA] stock has fluctuated between $58.73 and $88.26 over the past year. Currently, Wall Street analysts expect the stock to reach $89 within the next 12 months. Ormat Technologies Inc [NYSE: ORA] shares were valued at $75.26 at the most recent close of the market. An investor can expect a potential return of 18.26% based on the average ORA price forecast.
Analyzing the ORA fundamentals
Ormat Technologies Inc [NYSE:ORA] reported sales of 868.36M for the trailing twelve months, which represents a growth of 21.02%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.16%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.01.
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 73.79 points at the first support level, and at 72.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.12, and for the 2nd resistance point, it is at 76.98.
Ratios To Look Out For
For context, Ormat Technologies Inc’s Current Ratio is 1.12. On the other hand, the Quick Ratio is 1.02, and the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 5.24, the price to book ratio is 1.93 and price to earnings (TTM) ratio is 34.02.
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.
