Orbital Energy Group Inc. (NASDAQ:OEG) shares traded lower over the last trading session, losing -0.20% on 06/11/21. The shares fell to a low of $4.89 before closing at $4.96. Intraday shares traded counted 3.44 million, which was 48.52% higher than its 30-day average trading volume of 6.68M. OEG’s previous close was $4.97 while the outstanding shares total 44.56M. The firm has a beta of 0.88. The stock’s Relative Strength Index (RSI) is 54.27, with weekly volatility at 10.54% and ATR at 0.67. The OEG stock’s 52-week price range has touched low of $0.45 and a $11.20 high.
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Investors have identified the Utilities – Diversified company Orbital Energy Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $259.51 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Orbital Energy Group Inc. (OEG) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 50.44 million total, with 32.01 million as their total liabilities.
OEG were able to record -16.43 million as free cash flow during the 08/09/2021 quarter of the year, this saw their quarterly net cash flow reduce by 31.39 million. In cash movements, the company had a total of -13.48 million as operating cash flow.
Potential earnings growth for Orbital Energy Group Inc. (OEG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/09/2021 quarter of the year, Orbital Energy Group Inc. recorded a total of 9.49 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 40.07% coming in sequential stages and their sales for the 08/09/2021 quarter reducing by -19.44%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 10.8 million trying to sell their products during the last quarter, with the result yielding a gross income of -1.31 million. This allows shareholders to hold on to 44.56M with the recently reported earning now reading -0.40 cents per share. This is a figure that compared to analyst’s prediction for their 08/09/2021 (-0.37 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.35 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OEG sounds very interesting.
Is the stock of OEG attractive?
In related news, CFO, FORD DANIEL NED bought 10,000 shares of the company’s stock in a transaction that recorded on Sep 23. The purchase was performed at an average price of 0.52, for a total value of 5,234. As the purchase deal closes, the Chief Executive Officer, ONEIL JAMES F now bought 20,000 shares of the company’s stock, valued at 10,738. Also, Exec Chairman and Gen Counsel, CLOUGH WILLIAM J bought 25,000 shares of the company’s stock in a deal that was recorded on Sep 04. The shares were cost at an average price of 0.49 per share, with a total market value of 12,150. Following this completion of disposal, the Chief Executive Officer, ONEIL JAMES F now holds 20,000 shares of the company’s stock, valued at 10,206. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.70%.
