OESX Stock Summary and Trading Ideas (Orion Energy Systems | NASDAQ:OESX)

Orion Energy Systems Inc is a developer, manufacturer, and seller of lighting and energy management systems. The company segments include Orion Services Group (OSG), which accounts for the majority revenue; Orion Distribution Services Division (ODS); Orion U.S. Markets Division (USM); Orion Electric Vehicle Charging Systems and Corporate and Other. The OSG segment develops and sells lighting products and provides construction and engineering services for commercial lighting and energy management system also provides retailers, distributors and other businesses with maintenance, repair and replacement services for the lighting and related electrical components deployed in their facilities.

Orion Energy Systems trades on the NASDAQ stock market under the symbol OESX.

As of April 17, 2024, OESX stock price climbed to $0.90 with 13,510 million shares trading.

OESX has a beta of 0.26, meaning it tends to be less sensitive to market movements. OESX has a correlation of 0.00 to the broad based SPY ETF.

OESX has a market cap of $29.27 million. This is considered a Sub-Micro Cap stock.

Last quarter Orion Energy Systems reported $26 million in Revenue and -$.07 earnings per share. This fell short of revenue expectation by $-1 million and met earnings estimates .

In the last 3 years, OESX stock traded as high as $6.78 and as low as $.81.

The top ETF exchange traded funds that OESX belongs to (by Net Assets): VTI, VXF, IWC, CCSO.

OESX has underperformed the market in the last year with a return of -47.4%, while the SPY ETF gained +23.0%. In the last 3 month period, OESX fell short of the market, returning -12.7%, while SPY returned +5.7%. However, in the most recent 2 weeks OESX has outperformed the stock market by returning +0.6%, while SPY returned -3.5%.

OESX support price is $.84 and resistance is $.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OESX stock will trade within this expected range on the day.