Orbital Energy Group Inc. (OEG): What Technical Indicators Show

Orbital Energy Group Inc. (NASDAQ:OEG) saw an upside of 3.90% to $2.93 after adding $0.11 on Tuesday. The 5-day average trading volume is 1,652,898 shares of the company’s common stock. It has gained $2.97 in the past week. An average of 2,359,944 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,224,684.

OEG’s 1-month performance is -11.32% or -$0.25 on its low of $2.73 reached on 10/06/21. The company’s shares have touched a 52-week low of $0.65 and high of $11.20, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, OEG has achieved 28.77% or $0.74. However, the current price is down -73.84%% from the 52-week high price.


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Valuation Metrics

Orbital Energy Group Inc. (OEG) has a trailing price-to-earnings (P/E) ratio of 17.20 for the broader industry and 23.06 for the sector.OEG stock has a beta of 0.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.56 while the price-to-book (PB) in the most recent quarter is 2.50.

Orbital Energy Group Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70 meaning that OEG stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.21, while the total debt to equity was 0.65. In terms of profitability, the gross margin trailing 12 months is 6.00%. The trailing 12-month EBITDA margin is -61.21% while for the period ending June 29; Orbital Energy Group Inc.’s operating margin was -95.60%. The firm’s gross profit as reported stood at $7.1 million against revenue of $38.41 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected OEG to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.16, representing a -45.50% surprise. EBITDA for the quarter stood at more than -$15.24 million. OEG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 69.78 million, with total debt at $51.22 million. Shareholders hold equity totaling $65.26 million

Technical Picture

Let’s look briefly at Orbital Energy Group Inc. (OEG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 46.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.64%.

The stock’s 5-day moving average is $2.85, reflecting a +2.62% or $0.08 change from its current price. OEG is currently trading -5.93% above its 20-day SMA, -10.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -17.32% and +98.31% respectively.

Stochastic %K and %D was 19.68% and 15.51% and the average true range (ATR) pointed at 0.19. The RSI (14) points at 45.24%, while the 14-day stochastic is at 28.47% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at -0.03 and -0.13 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for OEG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate OEG as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is OEG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $11.40, with their median price target at $10.70. Looking at these predictions, the average price target given by analysts is for Orbital Energy Group Inc. (OEG) stock is $10.70.

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