OTTR Stock Summary and Trading Ideas (Otter Tail | NASDAQ:OTTR)

Otter Tail Corp is a U.S. energy company that operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota. The majority of the company's revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well.

Otter Tail trades on the NASDAQ stock market under the symbol OTTR.

As of April 24, 2024, OTTR stock price climbed to $85.70 with 114,370 million shares trading.

OTTR has a beta of 1.05, meaning it tends to be more sensitive to market movements. OTTR has a correlation of 0.13 to the broad based SPY ETF.

OTTR has a market cap of $3.57 billion. This is considered a Mid Cap stock.

Last quarter Otter Tail reported $314 million in Revenue and $1.37 earnings per share. This fell short of revenue expectation by $-5 million and exceeded earnings estimates by $.12.

In the last 3 years, OTTR stock traded as high as $99.49 and as low as $45.78.

The top ETF exchange traded funds that OTTR belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

OTTR has underperformed the market in the last year with a return of +19.0%, while the SPY ETF gained +24.1%. In the last 3 month period, OTTR fell short of the market, returning -0.6%, while SPY returned +4.5%. However, in the most recent 2 weeks OTTR has outperformed the stock market by returning +3.4%, while SPY returned -1.7%.

OTTR support price is $83.63 and resistance is $86.45 (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 OTTR stock will trade within this expected range on the day.