A Closer Look At Orbital Energy Group Inc. (OEG)’s Financials

At the last check on Thursday, Orbital Energy Group Inc.’s (NASDAQ:OEG) stock was down -$0.02, moving down -3.28 percent to $0.73. The average number of shares traded per day over the past five days has been 1,637,327 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.0803 fall in that time frame. In the last twenty days, the average volume was 1,611,952, while in the previous 50 days, it was 1,271,863.

Since last month, OEG stock retreated -21.60%. Shares of the company fell to $0.7130 on 06/23/22, the lowest level in the past month. A 52-week high of $5.05 was reached on 03/08/22 after having rallying from a 52-week low of $0.73. Since the beginning of this year, OEG’s stock price has dropped by -65.77% or -$1.4599, and marked a new high 3 times. However, the stock has declined by -85.64% since its 52-week high.

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Orbital Energy Group Inc. (OEG) last reported insider trading activity 2 days ago on Jun 21. Cochennet Steve, the Director of the company, purchased of 30,000 shares for $0.81 on Jun 21. It resulted in a $24,300 investment by the insider. Cochennet Steve added 2,223 shares at an average price of $1.02 on Jun 03. The insider now owns 221,460 shares following the transaction. On Jun 02, Director Cochennet Steve bought 27,777 shares at $1.00 apiece. The transaction was valued at $27,777.

Valuation Metrics

The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 1.01.

Financial Health

In the three months ended December 30, Orbital Energy Group Inc.’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 2.64, and the total debt-to-equity ratio was 3.90. On the profitability front, the trailing twelve-month gross margin is 12.00% percent. In the year ended December 30, operating margins totaled -43.70%. Based on annual data, OEG earned $4.32 million in gross profit and brought in $82.95 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -12.20%. Return on equity (ROE) for the past 12 months was -105.40%.

In Orbital Energy Group Inc.’s quarter-end financial report for December 30, it reported total debt of $153.41 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OEG’s revenue rose 86.49% to $26.23 million during the quarter, while net income inched up to $70.25 million. While analysts expected Orbital Energy Group Inc. to report -$0.1 quarterly earnings, the actual figure was -$0.12 per share. During the quarter, the company generated $8.47 million in EBITDA. The liabilities of Orbital Energy Group Inc. were 349.76 million at the end of its most recent quarter ended December 30, and its total debt was $264.99 million. The value of shareholders’ equity is $95.59 million.

Technical Picture

This quick technical analysis looks at Orbital Energy Group Inc.’s (OEG) price momentum. With a historical volatility rate of 50.46%, the RSI 9-day stood at 24.88% on 22 June.

With respect to its five-day moving average, the current Orbital Energy Group Inc. price is down by -9.91% percent or -$0.0803. At present, OEG shares trade -22.33% below its 20-day simple moving average and -53.50% percent below its 100-day simple moving average. However, the stock is currently trading approximately -55.48% below its SMA50 and -77.81% below its SMA200.

Stochastic coefficient K was 8.35% and Stochastic coefficient D was 8.23%, while ATR was 0.0656. Given the Stochastic reading of 5.41% for the 14-day period, the RSI (14) reading has been calculated as 28.68%. As of today, the MACD Oscillator reading stands at -0.0283, while the 14-day reading stands at -0.0863.

Analyst Ratings

Orbital Energy Group Inc. (OEG) has been rated Buy by analysts. According to 0 brokerage firms, OEG is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Orbital Energy Group Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $9.25, the current consensus forecast for the stock is $8.50 – $10.00. Based on these forecasts, analysts predict Orbital Energy Group Inc. (OEG) will achieve an average price target of $9.25.


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