Analysts Issue Research Notes On Orbital Energy Group Inc. (OEG)

Orbital Energy Group Inc. (NASDAQ:OEG) traded with a subtraction of -$0.02 to $2.86 on Thursday, a downside of -0.69 percent. An average of 1,572,075 shares of common stock have been traded in the last five days. There was a fall of -$0.16 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 2,233,894 shares traded, while the 50-day average volume stands at 2,109,528.

OEG stock has decreased by -3.68% in the last month. The company shares reached their 1-month lowest point of $2.73 on 10/06/21. With the stock rallying to its 52-week high on 01/27/21, shares of the company touched a low of $0.67 and a high of $11.20 in 52 weeks. It has reached a new high 8 times so far this year and achieved 31.51% or $0.69 in price. In spite of this, the price is down -74.46% from the 52-week high.

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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 23.71 for the sector. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.83, the price-to-book (PB) ratio at 2.55.

The quick ratio of Orbital Energy Group Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.21 and a total debt to equity ratio of 0.65 for the quarter ending June 29. Orbital Energy Group Inc.’s EBITDA margin for the year ending June 29 is -61.21%, while its operating margin for the same period stands at -95.60%. Its gross profit as reported stood at $7.1 million compared to revenue of $38.41 million.

Earnings Surprise

For the three-month period that ended June 29, Orbital Energy Group Inc. had $9.41 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$8.21 million in the quarter, while revenues of -$17.95 million were shrunk -13.64%. The analyst consensus anticipated Orbital Energy Group Inc.’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be -$0.16, a -45.50% surprise. For the quarter, EBITDA amounted to -$15.24 million. Shareholders own equity worth $65.26 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Orbital Energy Group Inc. (OEG) price momentum. RSI 9-day as of the close on 20 October was 42.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.17%.

As of today, OEG’s price is $2.91 -5.26% or -$0.16 from its 5-day moving average. OEG is currently trading -14.03% lower than its 20-day SMA and -62.30% lower than its 100-day SMA. However, the stock’s current price level is -16.76% below the SMA50 and +33.33% above the SMA200.

The stochastic %K and %D were 41.40% and 42.12%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 39.47% and the average true range at 0.16, the RSI (14) stands at 43.22%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at 0.00.

Analyst Ratings

The consensus rating for Orbital Energy Group Inc. (OEG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OEG, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

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

Analysts predict a range of price targets between $10.00 and $11.40, with a median target of $10.70. Taking a look at these predictions, the average price target given by analysts for Orbital Energy Group Inc. (OEG) stock is $10.70.


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