Orbital Infrastructure Group Inc. (NASDAQ: OIG) is -90.87% lower on its value in year-to-date trading and has touched a low of $0.22 and a high of $2.89 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 OIG stock was last observed hovering at around $0.22 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $1.50 for the next 12 months. It is also 90.0% off the consensus price target high of $2.00 offered by 2 analysts, but current levels are 80.0% higher than the price target low of $1.00 for the same period.
Currently trading at $0.20, the stock is -32.20% and -50.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing -7.45% at the moment leaves the stock -78.39% off its SMA200. OIG registered -92.19% loss for a year compared to 6-month loss of -78.71%.
The stock witnessed a -51.53% gain in the last 1 month and extending the period to 3 months gives it a -76.11%, and is -16.21% 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 8.01% over the week and 10.39% over the month.
Orbital Infrastructure Group Inc. (OIG) has around 1329 employees, a market worth around $27.54M and $221.30M in sales. Profit margin for the company is -36.60%. Distance from 52-week low is -6.98% and -93.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.20%).
Orbital Infrastructure Group Inc. (OIG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Orbital Infrastructure Group Inc. (OIG) is a “Buy”. 2 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”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Orbital Infrastructure Group Inc. is expected to release its quarterly report on 03/15/2023.The EPS is expected to grow by 15.70% this year
Orbital Infrastructure Group Inc. (OIG) Top Institutional Holders
The shares outstanding are 140.57M, and float is at 122.81M with Short Float at 2.06%.
Orbital Infrastructure Group Inc. (OIG) Insider Activity
A total of 18 insider transactions have happened at Orbital Infrastructure Group Inc. (OIG) in the last six months, with sales accounting for 0 and purchases happening 18 times.