While Orion Group Holdings Inc has underperformed by -1.20%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ORN rose by 209.43%, with highs and lows ranging from $9.84 to $2.33, whereas the simple moving average jumped by 66.75% in the last 200 days.
On July 28, 2023, B. Riley Securities Upgraded Orion Group Holdings Inc (NYSE: ORN) to Buy. A report published by B. Riley Securities on July 30, 2021, Downgraded its rating to ‘Neutral’ for ORN. B. Riley FBR July 08, 2019d the rating to Buy on July 08, 2019, and set its price target from $4 to $5. B. Riley FBR October 19, 2018d its ‘Buy’ rating to ‘Neutral’ for ORN, as published in its report on October 19, 2018. FBR & Co.’s report from August 18, 2017 suggests a price prediction of $10 for ORN shares, giving the stock a ‘Buy’ rating. FBR & Co. also rated the stock as ‘Outperform’.
Analysis of Orion Group Holdings Inc (ORN)
Further, the quarter-over-quarter increase in sales is 2.75%, showing a positive trend in the upcoming months.
Orion Group Holdings Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -13.79% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.25, 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.
The average volume for any stock is also a very valuable indicator of volatility, and ORN has an average volume of 223.74K. On a monthly basis, the volatility of the stock is set at 8.40%, whereas on a weekly basis, it is put at 8.79%, with a loss of -6.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.17, showing growth from the present price of $8.20, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 10.82%. 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 67.89% 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 67.89% at present.
