ORAN Stock Summary and Trading Ideas (Orange | NYSE:ORAN)

Orange is the incumbent telecom operator in France. The company operates fixed and wireless businesses in France, where it is the market leader ahead of Iliad, Bouygues, and SFR. Orange also has fixed and wireless (convergent) operations in Spain, Poland, Belgium, Luxembourg, and Central Europe (Romania, Slovakia, Moldova). Around 15% of revenue comes from emerging African markets, where the company only operates wireless networks, and 20% comes from the enterprise segment, which serves companies with more than 50 employees in France and internationally.

Orange trades on the NYSE stock market under the symbol ORAN.

As of April 18, 2024, ORAN stock price climbed to $11.35 with 320,462 million shares trading.

ORAN has a beta of 0.24, meaning it tends to be less sensitive to market movements. ORAN has a correlation of 0.03 to the broad based SPY ETF.

ORAN has a market cap of $30.17 billion. This is considered a Large Cap stock.

In the last 3 years, ORAN stock traded as high as $13.09 and as low as $8.81.

The top ETF exchange traded funds that ORAN belongs to (by Net Assets): AVDE, APIE, QTUM, TDIV, AVIV.

ORAN has underperformed the market in the last year with a return of +0.8%, while the SPY ETF gained +22.3%. In the last 3 month period, ORAN fell short of the market, returning -6.8%, while SPY returned +6.1%. However, in the most recent 2 weeks ORAN has outperformed the stock market by returning -3.2%, while SPY returned -3.8%.

ORAN support price is $11.06 and resistance is $11.31 (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 ORAN stock will trade within this expected range on the day.