Ormat Technologies Inc [ORA] stock prices are up 0.51% to $77.06 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ORA shares have gain 2.94% over the last week, with a monthly amount glided 3.60%, 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.
The stock price of Ormat Technologies Inc [ORA] has been fluctuating between $58.73 and $78.51 over the past year. Currently, Wall Street analysts expect the stock to reach $85 within the next 12 months. Ormat Technologies Inc [NYSE: ORA] shares were valued at $77.06 at the most recent close of the market. An investor can expect a potential return of 10.3% based on the average ORA price forecast.
Analyzing the ORA fundamentals
The Ormat Technologies Inc [NYSE:ORA] reported sales of 886.52M for trailing twelve months, representing a surge of 9.33%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.15%, 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 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.99.
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 76.77 points at the first support level, and at 76.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.60, and for the 2nd resistance point, it is at 78.13.
Ratios To Look Out For
It’s worth pointing out that Ormat Technologies Inc [NYSE:ORA]’s Current Ratio is 0.97. As well, the Quick Ratio is 0.89, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 5.25, the price to book ratio is 1.96 and price to earnings (TTM) ratio is 35.36.
Transactions by insiders
Recent insider trading involved Wong Byron G., Director, that happened on Sep 20 ’24 when 1266.0 shares were sold. Director, Wong Byron G. completed a deal on Sep 20 ’24 to buy 1266.0 shares. Meanwhile, Director SHARIR DAFNA sold 433.0 shares on Aug 23 ’24.
