Ormat Technologies Gross Profit vs. Number Of Shares Shorted

ORA Stock  USD 78.75  0.83  1.04%   
Based on Ormat Technologies' profitability indicators, Ormat Technologies' profitability may be sliding down. It has an above-average probability of reporting lower numbers next quarter. Profitability indicators assess Ormat Technologies' ability to earn profits and add value for shareholders.
 
Gross Profit  
First Reported
2002-12-31
Previous Quarter
61.4 M
Current Value
58.9 M
Quarterly Volatility
22.7 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
The current year's Sales General And Administrative To Revenue is expected to grow to 0.09, whereas Price To Sales Ratio is forecasted to decline to 3.49. At present, Ormat Technologies' Operating Income is projected to increase significantly based on the last few years of reporting. The current year's Income Before Tax is expected to grow to about 146 M, whereas Accumulated Other Comprehensive Income is forecasted to decline to (1.4 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.270.3183
Fairly Down
Pretty Stable
For Ormat Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ormat Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ormat Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ormat Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ormat Technologies over time as well as its relative position and ranking within its peers.
  

Ormat Technologies' Revenue Breakdown by Earning Segment

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Is Independent Power and Renewable Electricity Producers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ormat Technologies. If investors know Ormat will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ormat Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.39)
Dividend Share
0.48
Earnings Share
1.96
Revenue Per Share
14.733
Quarterly Revenue Growth
0.018
The market value of Ormat Technologies is measured differently than its book value, which is the value of Ormat that is recorded on the company's balance sheet. Investors also form their own opinion of Ormat Technologies' value that differs from its market value or its book value, called intrinsic value, which is Ormat Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ormat Technologies' market value can be influenced by many factors that don't directly affect Ormat Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ormat Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ormat Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ormat Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ormat Technologies Number Of Shares Shorted vs. Gross Profit Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Ormat Technologies's current stock value. Our valuation model uses many indicators to compare Ormat Technologies value to that of its competitors to determine the firm's financial worth.
Ormat Technologies is rated below average in gross profit category among its peers. It is rated below average in number of shares shorted category among its peers making about  0.01  of Number Of Shares Shorted per Gross Profit. The ratio of Gross Profit to Number Of Shares Shorted for Ormat Technologies is roughly  79.25 . At present, Ormat Technologies' Gross Profit is projected to increase significantly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ormat Technologies' earnings, one of the primary drivers of an investment's value.

Ormat Technologies' Earnings Breakdown by Geography

Ormat Number Of Shares Shorted vs. Gross Profit

Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Ormat Technologies

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
268.82 M
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Ormat Technologies

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
3.39 M
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.

Ormat Number Of Shares Shorted Comparison

Ormat Technologies is currently under evaluation in number of shares shorted category among its peers.

Ormat Technologies Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Ormat Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ormat Technologies will eventually generate negative long term returns. The profitability progress is the general direction of Ormat Technologies' change in net profit over the period of time. It can combine multiple indicators of Ormat Technologies, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-1.3 M-1.4 M
Operating Income166.6 M174.9 M
Income Before Tax139.1 M146 M
Total Other Income Expense Net-27.5 M-26.1 M
Net Income124.4 M130.6 M
Income Tax ExpenseM5.7 M
Net Income Applicable To Common Shares75.7 M45.1 M
Net Income From Continuing Ops114.5 M64.4 M
Non Operating Income Net Other31.6 M33.2 M
Interest Income10.9 M10.3 M
Net Interest Income-86.1 M-90.4 M
Change To Netincome30.1 M25.6 M
Net Income Per Share 2.09  2.20 
Income Quality 2.49  1.39 
Net Income Per E B T 0.89  0.94 

Ormat Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Ormat Technologies. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Ormat Technologies position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Ormat Technologies' important profitability drivers and their relationship over time.

Use Ormat Technologies in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ormat Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ormat Technologies will appreciate offsetting losses from the drop in the long position's value.

Ormat Technologies Pair Trading

Ormat Technologies Pair Trading Analysis

The ability to find closely correlated positions to Ormat Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ormat Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ormat Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ormat Technologies to buy it.
The correlation of Ormat Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ormat Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ormat Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ormat Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Ormat Technologies position

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When determining whether Ormat Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ormat Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ormat Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ormat Technologies Stock:
To fully project Ormat Technologies' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ormat Technologies at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Ormat Technologies' income statement, its balance sheet, and the statement of cash flows.
Potential Ormat Technologies investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Ormat Technologies investors may work on each financial statement separately, they are all related. The changes in Ormat Technologies's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ormat Technologies's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.