Do Analysts Think Oriental Rise Holdings Ltd (ORIS) Is Still Worth Buying In 2024?

Oriental Rise Holdings Ltd (NASDAQ:ORIS) does about 260.47K shares in volume on a normal day but saw 1430155 shares change hands in the recent trading day. The company now has a market cap of 263.02M USD. Its current market price is $11.95, marking an increase of 81.89% compared to the previous close of $6.57. The 52 week high reached by this stock is $11.75 whilst the lowest price level in 52 weeks is $4.80.

Oriental Rise Holdings Ltd (ORIS) has a 20-day trading average at $6.85 and the current price is 1.70% off the 52-week high compared with 148.96% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 32.14%, which decreases to 23.03% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 75.03 to suggest the stock is overbought.

The current price level is 74.34%, 65.97%, and 65.97% away from its SMA20, SMA50, and SMA200 respectively, with the ORIS price moving below the 50-day SMA on current market day. Oriental Rise Holdings Ltd (ORIS) stock is up 85.56% over the week and 49.19% over the past month. Its price is 99.17% year-to-date.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 22.01M with insiders holding 86.44% of the shares and institutional holders owning 0.00% of the company’s common stock. The company has a return on investment of 17.31% and return on equity of 19.34%. The price to earnings ratio (P/E ratio) amounts to 1.82. Price to book ratio is 0.32 and price to sales ratio is 10.90.