Orbital Infrastructure Group Inc. (NASDAQ:OIG) does about 1.20M shares in volume on a normal day but saw 2166717 shares change hands in Monday trading. The company now has a market cap of 25.91M USD. Its current market price is $0.19, marking a decrease of -2.96% compared to the previous close of $0.20. The 52 week high reached by this stock is $2.72 whilst the lowest price level in 52 weeks is $0.15. The script in recent trading has seen the stock touch a high of $0.2074 and a low of $0.186.
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Orbital Infrastructure Group Inc. (OIG) has a 20-day trading average at $0.1952 and the current price is -92.90% off the 52-week high compared with 28.73% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2050 and its 200-day simple moving average is $0.6442. If we look at the stock’s price movements over the week, volatility stands at 10.68%, which increases to 11.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.21 to suggest the stock is neutral.
2 analysts observing the Orbital Infrastructure Group Inc. (OIG) stock have set the 12-month price targets for the company’s shares at between $1.00 and $2.00. The consensus objective for the share price is $1.50, suggesting that the stock has a potential upside of 87.33% over the period. The median price target is 87.33% away from the current levels at $1.50.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The current price level is -0.74%, -6.30%, and -70.37% away from its SMA20, SMA50, and SMA200 respectively, with the OIG price moving above the 50-day SMA on January 23. Orbital Infrastructure Group Inc. (OIG) stock is down -13.10% over the week and 9.72% over the past month. Its price is -1.98% year-to-date and -89.15% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of -$0.32 below consensus estimates by -$0.25. The company’s next earnings report is expected on 05/15/2023, with forecasts estimating quarterly EPS at -$0.05 and -$2.06 for whole year. OIG’s earnings per share are forecast to shrink by -984.20% this year and 95.60% over next year. Expected sales for next quarter are $86.39 million, which analysts say will come at $356.92 million for the current fiscal year and next year at $385.2 million. In addition, estimates put the company’s current quarterly revenue at an average of $92.92 million.
To reach the target analysts have set, the stock logically needs to grow 87.33 percent from here.
Outstanding shares total 140.57M with insiders holding 12.62% of the shares and institutional holders owning 13.81% of the company’s common stock. The company has a return on investment of -12.20% and return on equity of -763.80%. The beta has a value of 1.09. Price to sales ratio is 0.09.
Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which added 1515.0 shares to end up with 1,149,227 shares worth $0.23 million.
