111 institutions hold shares in Orion Energy Systems Inc. (OESX), with 3.17M shares held by insiders accounting for 10.31% while institutional investors hold 75.75% of the company’s shares. The shares outstanding are 30.74M, and float is at 26.14M with Short Float at 6.25%. Institutions hold 67.94% of the Float.
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The top institutional shareholder in the company is North Star Investment Management Corp with over 2.81 million shares valued at $19.58 million. The investor’s holdings represent 9.30% of the OESX Shares outstanding. As of Dec 30, 2020, the second largest holder is BNP Paribas Asset Management Holding S.A. with 2.49 million shares valued at $24.54 million to account for 8.22% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 2.24 million shares representing 7.39% and valued at over $22.08 million, while Blackrock Inc. holds 5.54% of the shares totaling 1.68 million with a market value of $16.56 million.
Orion Energy Systems Inc. (NASDAQ: OESX) is -36.58% lower on its value in year-to-date trading and has touched a low of $3.03 and a high of $11.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OESX stock was last observed hovering at around $5.86 in the last trading session, with the day’s gains setting it 0.4% off its average median price target of $12.50 for the next 12 months. It is also 55.29% off the consensus price target high of $14.00 offered by 4 analysts, but current levels are 40.38% higher than the price target low of $10.50 for the same period.
Currently trading at $6.26, the stock is -7.48% and -22.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.45 million and changing 6.83% at the moment leaves the stock -19.20% off its SMA200. OESX registered 66.05% gain for a year compared to 6-month gain of -16.87%. The firm has a 50-day simple moving average (SMA 50) of $7.32 and a 200-day simple moving average (SMA200) of $8.77.
The stock witnessed a -21.95% loss in the last 1 month and extending the period to 3 months gives it a -43.14%, and is -4.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.25% over the week and 6.31% over the month.
Orion Energy Systems Inc. (OESX) has around 176 employees, a market worth around $197.69M and $107.20M in sales. Current P/E ratio is 57.43 and Fwd P/E is 12.08. Profit margin for the company is 3.20%. Distance from 52-week low is 106.60% and -47.75% from its 52-week high. The company has generated returns on investments over the last 12 months (31.50%).
Orion Energy Systems Inc. (OESX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Orion Energy Systems Inc. (OESX) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Orion Energy Systems Inc. is expected to release its quarterly report on 08/10/2021 and quarterly earnings per share for the current quarter are estimated at $0.1 with sales reaching $39.5M over the same period.The EPS is expected to grow by 277.50% this year, but quarterly earnings will post -19.90% year-over-year. Quarterly sales are estimated to grow 52.60% in year-over-year returns.
Orion Energy Systems Inc. (OESX) Insider Activity
A total of 3 insider transactions have happened at Orion Energy Systems Inc. (OESX) in the last six months, with sales accounting for 3 and purchases happening 0 times. The most recent transaction is an insider sale by Potts Michael J, the company’s Director. SEC filings show that Potts Michael J sold 6,934 shares of the company’s common stock on Nov 16 at a price of $8.10 per share for a total of $56165.0. Following the sale, the insider now owns 0.61 million shares.
Orion Energy Systems Inc. disclosed in a document filed with the SEC on Nov 13 that Potts Michael J (Director) sold a total of 59,066 shares of the company’s common stock. The trade occurred on Nov 13 and was made at $8.03 per share for $0.47 million. Following the transaction, the insider now directly holds 0.61 million shares of the OESX stock.
Still, SEC filings show that on Nov 12, Potts Michael J (Director) disposed off 9,000 shares at an average price of $8.13 for $73135.0. The insider now directly holds 673,422 shares of Orion Energy Systems Inc. (OESX).
Orion Energy Systems Inc. (OESX): Who are the competitors?
The company’s main competitors (and peers) include Acuity Brands Inc. (AYI) that is 109.06% higher over the past 12 months. Energy Focus Inc. (EFOI) is 134.29% up on the 1-year trading charts. Short interest in the company’s stock has risen 0.61% from the last report on Mar 30, 2021 to stand at a total of 1.63 million short shares sold with a short interest ratio of 5.75.