Wall Street analysts’ outlook for Orion Group Holdings Inc (ORN)

With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.25 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $9.30 whereas the lowest price it dropped to was $8.67. The 52-week range on ORN shows that it touched its highest point at $9.84 and its lowest point at $2.33 during that stretch. It currently has a 1-year price target of $9.83. Beta for the stock currently stands at 0.72.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ORN was down-trending over the past week, with a drop of -2.66%, but this was up by 37.03% over a month. Three-month performance surged to 85.02% while six-month performance rose 70.52%. The stock gained 251.54% in the past year, while it has gained 85.02% so far this year. A look at the trailing 12-month EPS for ORN yields -0.55 with Next year EPS estimates of 0.51. For the next quarter, that number is -0.20. This implies an EPS growth rate of 117.73% for this year and 425.64% for next year. EPS is expected to decline by -10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 30.10%.

Float and Shares Shorts:

At present, 32.55 million ORN shares are outstanding with a float of 29.03 million shares on hand for trading. On Mar 15, 2024, short shares totaled 0.34 million, which was 1.04% higher than short shares on Feb 15, 2024. In addition to ON as the firm’s ON Semiconductor Corporation, OGN serves as its Organon & Co.

Institutional Ownership:

Through their ownership of 69.75% of ORN’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ORN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.