Alert: Negative Investment/Fundamental Signals (11/9/23)-Orion Group Holdings Inc (NYSE: ORN)


Recent exceptional negative changes in investment behavior have affected Orion Group Holdings Inc (NYSE: ORN): negative upside/downside volume developed, and its shorter term price trend turned down.

Orion Group Holdings Inc (NYSE: ORN) suffers from significant negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

ORN’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.

Orion Group Holdings has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Orion Group Holdings has a poor Appreciation Score of 26 but a very high Power Rating of 96, with the High Neutral Value Trend Rating the result.

Recent Price Action

Orion Group Holdings Inc (NYSE: ORN) stock enjoyed a large increase of 3.1% on 11/9/23. The stock closed at $4.67. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged during the last week.

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