Where Does Orion Energy Systems, Inc. (OESX) Stock Can Go From Here?

On Friday, shares of Orion Energy Systems, Inc. (NASDAQ:OESX) marked $4.14 per share versus a previous $4.44 closing price. With having a -6.76% loss, an insight into the fundamental values of Orion Energy Systems, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. OESX showed a rise of 23.58% within its YTD performance, with highs and lows between $2.35 – $6.40 during the period of 52 weeks, compared to the simple moving average of 12.43% in the period of the last 200 days.

ROTH Capital equity researchers changed the status of Orion Energy Systems, Inc. (NASDAQ: OESX) shares from “Neutral” to a “Buy” rating in the report published on March 16th, 2020. Other analysts, including B. Riley FBR, also published their reports on OESX shares. B. Riley FBR repeated the rating from the previous report, marking OESX under “Buy” rating, in the report published on September 4th, 2019. Additionally, OESX shares got another “Buy” rating from Rodman & Renshaw, setting a target price of $2.50 on the company’s shares, according to the report published in July 18th, 2016. On August 4th, 2015, ROTH Capital Downgrade an Neutral rating and increased its price target from $5 to $2. On the other hand, ROTH Capital Resumed the “Buy” rating for OESX shares, as published in the report on November 5th, 2014. Singular Research seems to be going bullish on the price of OESX shares, based on the price prediction for OESX, indicating that the shares will jump to $10, giving the shares “Buy” rating based on their report from January 29th, 2014. Another “Mkt Outperform” rating came from JMP Securities, providing a prediction for $10 price target according to the report published in December 21st, 2011.

Orion Energy Systems, Inc. (OESX) Analysis

The present dividend yield for OESX owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Orion Energy Systems, Inc., the company needs to provide a healthy cash flow, currently at the value of 36.30. In addition, the growth of sales from quarter to quarter is recording 109.80%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Orion Energy Systems, Inc. (OESX) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 36.40% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.30 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while OESX is currently recording an average of 343.59K in volumes. The volatility of the stock on monthly basis is set at 7.68%, while the weekly volatility levels are marked at 12.23%with -7.59% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $7.00, indicating growth from the present price of $4.14, which can represent yet another valuable research and analysis points that can help you decide whether to invest in OESX or pass.

What to Look for When Analyzing Orion Energy Systems, Inc. Shares?

Orion Energy Systems, Inc. (OESX) is based in the USA and it represents one of the well-known company operating with Industrials sector. If you wish to compare OESX shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 10.53 for Orion Energy Systems, Inc., while the value 10.27 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 0.39 is supported by the yearly EPS growth of 50.30%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 1.20%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 49.60% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in OESX Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in OESX in the recent period. That is how Renaissance Technologies LLC now has an increase position in OESX by 1.96% in the first quarter, owning 2.36 million shares of OESX stocks, with the value of $11.36 million after the purchase of an additional 45,428 shares during the last quarter. In the meanwhile, The Vanguard Group, Inc. also increased their stake in OESX shares changed 0.51% in the first quarter, which means that the company now owns 1.47 million shares of company, all valued at $7.08 million after the acquisition of additional 7,436 shares during the last quarter.

Acadian Asset Management LLC acquired a new position in Orion Energy Systems, Inc. during the first quarter, with the value of $3.63 million, and EAM Investors LLC increased their stake in the company’s shares by 179.98% in the first quarter, now owning 484,737 shares valued at $3.63 million after the acquisition of the additional 754061 shares during the last quarter. In the end, Heartland Advisors, Inc. increased their position by — during the first quarter, now owning 750000 OESX shares, now holding the value of $3.61 million in OESX with the purchase of the additional 0 shares during the period of the last quarter. At the present, 49.60% of OESX shares are in the ownership of institutional investors.