Orbital Infrastructure Group Inc. (NASDAQ:OIG) traded with a subtraction of -$0.38 to $0.81 on Thursday, a downside of -31.97 percent. An average of 264,096 shares of common stock have been traded in the last five days. There was a fall of -$1.36 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 94,604 shares traded, while the 50-day average volume stands at 63,858.
OIG stock has decreased by -78.35% in the last month. The company shares reached their 1-month lowest point of $0.64 on 08/24/23. With the stock rallying to its 52-week high on 01/13/23, shares of the company touched a low of $1.10 and a high of $34.40 in 52 weeks. It has reached a new high 4 times so far this year and lost -89.73% or -$7.01 in price. In spite of this, the price is down -97.65% from the 52-week high.
Valuation Metrics
Orbital Infrastructure Group Inc. (OIGstock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.01.
Financial Health
The quick ratio of Orbital Infrastructure Group Inc. for the three months ended September 29 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Orbital Infrastructure Group Inc.’s EBITDA margin for the year ending September 29 is -12.32%. Its gross profit as reported stood at -$6.1 million compared to revenue of $322.22 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Orbital Infrastructure Group Inc.’s return on assets was -82.10%.
Earnings Surprise
For the three-month period that ended September 29, Orbital Infrastructure Group Inc. had $1.28 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 -$20.17 million in the quarter, while revenues of -$65.7 million were shrunk -86.42%. The analyst consensus anticipated Orbital Infrastructure Group Inc.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.32, a -357.10% surprise. For the quarter, EBITDA amounted to $6.36 million. Shareholders own equity worth $4.69 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Orbital Infrastructure Group Inc. (OIG) price momentum. RSI 9-day as of the close on 23 August was 9.96%, suggesting the stock is oversold, with historical volatility in this time frame at 140.54%.
As of today, OIG’s price is $1.61 -60.99% or -$1.36 from its 5-day moving average. OIG is currently trading -74.86% lower than its 20-day SMA and -85.09% lower than its 100-day SMA. However, the stock’s current price level is -60.45% below the SMA50 and -92.65% below the SMA200.
The stochastic %K and %D were 4.86% and 4.11%, respectively, and the average true range (ATR) was 0.37. With the 14-day stochastic at 6.81% and the average true range at 0.33, the RSI (14) stands at 18.13%. The stock has reached -0.75 on the 9-day MACD Oscillator while the 14-day reading was at -1.22.
Analyst Ratings
The consensus rating for Orbital Infrastructure Group Inc. (OIG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OIG, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is OIG’s price target for the next 12 months?
Analysts predict a range of price targets between $40.00 and $40.00, with a median target of $40.00. Taking a look at these predictions, the average price target given by analysts for Orbital Infrastructure Group Inc. (OIG) stock is $40.00.
