Stocks of Orbital Infrastructure Group Inc. (NASDAQ:OIG) traded higher last session on Wall Street, down -1.56% to $0.16.
As we calculate the median target price by taking the range between a high of $2.00 and a low of $1.00, we find $1.50. Given the previous closing price of $0.16, this indicates a potential upside of 837.5 percent. OIG stock price is now -39.99% away from the 50-day moving average and -79.69% away from the 200-day moving average. The market capitalization of the company currently stands at $21.77M.
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Brokers who have rated the stock have averaged $1.50 as their price target over the next twelve months.
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A total of 2.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OIG stock. A new stake in Orbital Infrastructure Group Inc. shares was purchased by GOLDMAN SACHS GROUP INC during the first quarter worth $4,000. PINZ CAPITAL MANAGEMENT, LP invested $3,000 in shares of OIG during the first quarter. In total, there are 63 active investors with 13.80% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $0.1636 for Orbital Infrastructure Group Inc. (NASDAQ: OIG). During the past 12 months, Orbital Infrastructure Group Inc. has had a low of $0.16 and a high of $2.72. The fifty day moving average price for OIG is $0.2627 and a two-hundred day moving average price translates $0.7759 for the stock.
The latest earnings results from Orbital Infrastructure Group Inc. (NASDAQ: OIG) was released for Jun, 2022. According to the Engineering & Construction Company, earnings per share came in at -$0.32, beating analysts’ expectations of -$0.46 by 0.14. This compares to -$0.01 EPS in the same period last year. The net profit margin was -81.10% and return on equity was -763.80% for OIG. The company reported revenue of $99.82 million for the quarter, compared to $24.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 302.15 percent. For the current quarter, analysts expect OIG to generate $132.05M in revenue.
Orbital Infrastructure Group Inc.(OIG) Company Profile
Orbital Infrastructure Group, Inc. provides engineering, design, construction, and maintenance services to customers in the electric power, telecommunications, and renewable industries. It designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as offers emergency restoration services; and provides drilled shaft foundation construction services to the electric transmission and substation, industrial, telecommunication, and disaster restoration market sectors. The company also offers engineering, design, construction, and maintenance services to the broadband and wireless telecommunication industries; enterprise solutions to the cable and telecommunication industries; and telecommunication services, such as various wireless service capabilities. In addition, it provides engineering, procurement, and construction services that support the development of renewable energy generation focused on utility-scale solar construction. The company was formerly known as Orbital Energy Group, Inc. and changed its name to Orbital Infrastructure Group, Inc. in August 2022. Orbital Infrastructure Group, Inc. was incorporated in 1998 and is headquartered in Houston, Texas.
