Ormat Technologies Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $88.64 on 04/25/23, while the lowest value for the same period was recorded at $58.73 on 11/13/23.
52-week price history of ORA Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Ormat Technologies Inc’s current trading price is -29.93% away from its 52-week high, while its distance from the 52-week low is 5.76%. The stock’s price range during this period has spanned from $58.73 to $88.64. In the Utilities sector, the Ormat Technologies Inc’s shares surpassed a trading volume of approximately 0.84 million for the day, which was noticeably higher compared to the average daily volume of 9.0.47 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Ormat Technologies Inc (ORA) has experienced a quarterly decline of -6.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.75B and boasts a workforce of 1576 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 67.68, with a change in price of -3.65. Similarly, Ormat Technologies Inc recorded 459,251 in trading volume during the last 100 days, posting a change of -5.55%.
Examining ORA’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ORA stands at 0.91. Similarly, the long-term debt-to-equity ratio is also 0.78.
ORA Stock Stochastic Average
Today, Ormat Technologies Inc’s raw stochastic average for the past 50 days stands at 25.96%, indicating a decline from the raw stochastic average of the last 20 days, which was 34.44%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 16.95% and 23.35% respectively.
ORA Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The metric has seen a significant loss of -18.05% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -8.94%. Over the past 30 days, the price of ORA has leaped by -2.16%. And in the last five days, it has fallen by -3.84%.
