While Orion Group Holdings Inc has underperformed by -0.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ORN rose by 86.99%, with highs and lows ranging from $12.12 to $4.09, whereas the simple moving average jumped by 11.86% in the last 200 days.
On May 14, 2024, Craig Hallum started tracking Orion Group Holdings Inc (NYSE: ORN) recommending Buy. A report published by B. Riley Securities on July 28, 2023, Upgraded its rating to ‘Buy’ for ORN. B. Riley Securities also Downgraded ORN shares as ‘Neutral’, setting a target price of $5.50 on the company’s shares in a report dated July 30, 2021. B. Riley FBR July 08, 2019d its ‘Neutral’ rating to ‘Buy’ for ORN, as published in its report on July 08, 2019. FBR & Co. also rated the stock as ‘Buy’.
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Analysis of Orion Group Holdings Inc (ORN)
Further, the quarter-over-quarter increase in sales is 34.54%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Orion Group Holdings Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -9.52% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.33, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ORN is recording an average volume of 478.99K. On a monthly basis, the volatility of the stock is set at 7.70%, whereas on a weekly basis, it is put at 5.52%, with a gain of 0.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.33, showing growth from the present price of $8.77, which can serve as yet another indication of whether ORN is worth investing in or should be passed over.
How Do You Analyze Orion Group Holdings Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.04%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 74.42% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ORN shares are owned by institutional investors to the tune of 74.42% at present.
