Currently, there are 60.36M common shares owned by the public and among those 60.28M shares have been available to trade.
The company’s stock has a 5-day price change of -0.94% and 13.25% over the past three months. ORA shares are trading -3.55% year to date (YTD), with the 12-month market performance down to -14.43% lower. It has a 12-month low price of $58.73 and touched a high of $85.82 over the same period. ORA has an average intraday trading volume of 461.94K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.36%, 5.23%, and 6.77% respectively.
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Institutional ownership of Ormat Technologies Inc (NYSE: ORA) shares accounts for 94.70% of the company’s 60.36M shares outstanding.
It has a market capitalization of $4.42B and a beta (3y monthly) value of 0.51. The stock’s trailing 12-month PE ratio is 33.04, while the earnings-per-share (ttm) stands at $2.21. The company has a PEG of 1.02 and a Quick Ratio of 1.02 with the debt-to-equity ratio at 1.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.71% over the week and 1.92% over the month.
Earnings per share for the fiscal year are expected to increase by 2.22%, and 19.55% over the next financial year. EPS should grow at an annualized rate of 32.30% over the next five years, compared to 1.61% over the past 5-year period.
Looking at the support for the ORA, a number of firms have released research notes about the stock. TD Cowen stated their Hold rating for the stock in a research note on May 10, 2024, with the firm’s price target at $70-$76. TD Cowen coverage for the Ormat Technologies Inc (ORA) stock in a research note released on February 23, 2024 offered a Market Perform rating with a price target of $70. ROTH MKM was of a view on August 07, 2023 that the stock is Buy, while Barclays gave the stock Equal Weight rating on May 22, 2023, issuing a price target of $89. UBS on their part issued Buy rating on March 01, 2023.
