Currently, there are 60.48M common shares owned by the public and among those 60.33M shares have been available to trade.
The company’s stock has a 5-day price change of -1.71% and -8.37% over the past three months. ORA shares are trading -7.31% year to date (YTD), with the 12-month market performance down to -7.43% lower. It has a 12-month low price of $59.41 and touched a high of $84.30 over the same period. ORA has an average intraday trading volume of 531.90K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.06%, -10.20%, and -4.03% respectively.
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Institutional ownership of Ormat Technologies Inc (NYSE: ORA) shares accounts for 89.34% of the company’s 60.48M shares outstanding.
It has a market capitalization of $4.25B and a beta (3y monthly) value of 0.55. The stock’s trailing 12-month PE ratio is 35.89, while the earnings-per-share (ttm) stands at $1.96. The company has a PEG of 3.59 and a Quick Ratio of 0.87 with the debt-to-equity ratio at 1.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.46% over the week and 2.59% over the month.
Earnings per share for the fiscal year are expected to decrease by -10.00%, and 20.50% over the next financial year. EPS should grow at an annualized rate of 10.00% 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. Piper Sandler stated their Neutral rating for the stock in a research note on December 19, 2024, with the firm’s price target at $78. TD Cowen coverage for the Ormat Technologies Inc (ORA) stock in a research note released on May 10, 2024 offered a Hold rating with a price target of $76. TD Cowen was of a view on February 23, 2024 that the stock is Market Perform, while ROTH MKM gave the stock Buy rating on August 07, 2023, issuing a price target of $92. Barclays on their part issued Equal Weight rating on May 22, 2023.
