Stock To Watch: Ormat Technologies, Inc. (NYSE:ORA)


The leading market experts have placed a mean price target of $46.75 on Ormat Technologies, Inc. (NYSE:ORA) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.44 a share for the upcoming quarter and $1.95 for the current fiscal.

Technical View

The technical analysis of Ormat Technologies, Inc. Common plainly substantiates that the 50-day moving average of Ormat Technologies, Inc. Common is $46.21, and stock is trading $2.44 points away or +5.28% from its 50-day moving average of $46.21. Further it is trading $6.05 or +14.21% away its 200-day moving average of $42.60. Ormat Technologies, Inc. (NYSE:ORA) 52-week high is $49.10 and the 52-week low is $32.25.

This explains if the stock moves $-0.45, it will post a 52-week high. In event of +50.85% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Ormat Technologies, Inc. Common, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Ormat Technologies, Inc. (NYSE:ORA) ratio came in at 16.17.

The stock last ended the trading session at $48.65 and registered a market cap of $2.41B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Ormat Technologies, Inc. (NYSE:ORA) PEG ratio is at 1.71.

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