Orbital Infrastructure Group Inc. (NASDAQ: OIG) is -13.35% lower on its value in year-to-date trading and has touched a low of $0.15 and a high of $2.72 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 $0.19 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 91.5% off the consensus price target high of $2.00 offered by 2 analysts, but current levels are 83.0% higher than the price target low of $1.00 for the same period.
Currently trading at $0.17, the stock is -12.55% and -16.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.61 million and changing -11.60% at the moment leaves the stock -73.50% off its SMA200. OIG registered -89.72% loss for a year compared to 6-month loss of -67.93%.
The stock witnessed a -5.17% gain in the last 1 month and extending the period to 3 months gives it a -57.32%, and is -22.41% 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 11.17% over the week and 11.84% over the month.
Orbital Infrastructure Group Inc. (OIG) has around 1329 employees, a market worth around $22.90M and $290.20M in sales. Profit margin for the company is -81.10%. Distance from 52-week low is 13.80% and -93.72% 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 05/15/2023.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 122.49M with Short Float at 1.61%.
Orbital Infrastructure Group Inc. (OIG) Insider Activity
A total of 15 insider transactions have happened at Orbital Infrastructure Group Inc. (OIG) in the last six months, with sales accounting for 0 and purchases happening 15 times.