$BL potential buying opportunity.Technical Analysis:
BlackLine's stock has recently demonstrated improved relative strength, with its Relative Strength (RS) Rating increasing from 65 to 77. This suggests that the stock's price performance over the past year has been strong compared to other stocks. Notably, the stock has surpassed a buy point of $60.22 in a cup-with-handle pattern, indicating a potential buying opportunity.
Fundamental Analysis:
BlackLine provides cloud-based solutions to automate and streamline accounting and finance operations globally. The company has shown consistent growth, with a recent earnings report indicating an 18% increase in earnings per share and a 10% rise in revenue.
Additionally, Bank of America recently upgraded BlackLine's stock rating to "Buy," citing improving fundamentals and a well-positioned business strategy that could drive revenue growth.
Recommendation:
Given the positive technical indicators and strong fundamentals, BlackLine appears to be a promising investment opportunity. The recent analyst upgrade further supports this outlook. Investors may consider adding BL to their portfolios, keeping in mind the importance of conducting personal due diligence and considering individual financial goals.
ORN trade ideas
$ORN liking the fundamentals and technicals....12/17 $7.50 calls at $0.13/$0.15, market cap at $170M, just secured a $200M contract, tons more contracts signed last few weeks. $7.50 options for 10/15 going for $0.10. If this pops a bit you could actually sell the 10/15's soon and buy 2 months of options for cheap.
Riding the Strong Trend of these Top 4 Industrial StocksDespite the sell-off in NASDAQ, Dow Jones index has hit new high. Industrial stocks lead the market higher as they are benefiting from the economy recovery.
Find out these top 4 stocks NASDAQ:GLDD , NYSE:MTZ , NYSE:NOA , NYSE:ORN in the heavy construction group that are in the perfect price structure for swing trading while riding and leading the economy recovery theme.
Looking for short term trade in Orion Group pre Earnings report.Risky but could be very rewarding short term bullish trade in ORN is setting up nicely, A break above $4.50 could run fast to $6.
AVERAGE ANALYSTS PRICE TARGET $6.05
AVERAGE ANALYSTS RECOMMENDATION buy
P/E RATIO
SHORT INTEREST
COMPANY PROFILE
Orion Group Holdings, Inc. engages in the provision of specialty construction services in the building, industrial, and infrastructure sectors. It operates through the Marine and Concrete segments. The Marine segment includes the restoration, maintenance, dredging, and repair of marine transportation facilities; pipelines, bridges, and causeways; and environmental structures. The Concrete segment involves cement pouring for products such as columns, elevated beams, sidewalks, ramps, and tilt walls. The company was founded in 1994 and is headquartered in Houston, TX.
Orion Group Holdings on a bull run.HAVING RECEIVED A BULLISH UPGRADE TO $5 THE STOCK RALLIED 18% IN WHAT WAS A PRETTY POOR DAY IN THE MARKET. IT WILL BE ADDED TO THE WATCHLIST FOR CONTINUATION, ALTHOUGH IT IS OVERBOUGHT AS A RESULT OF THE RECENT RALLY.
AVERAGE PRICE TARGET $5.55
AVERAGE RECOMMENDATION OVERWEIGHT
COMPANY PROFILE
Orion Group Holdings, Inc. engages in the provision of specialty construction services in the building, industrial, and infrastructure sectors. It operates through the Marine and Concrete segments. The Marine segment includes the restoration, maintenance, dredging, and repair of marine transportation facilities; pipelines, bridges, and causeways; and environmental structures. The Concrete segment involves cement pouring for products such as columns, elevated beams, sidewalks, ramps, and tilt walls. The company was founded in 1994 and is headquartered in Houston, TX.
ANALYSTS PUTS $520 TARGET ON A $2.61 STOCK. LOL WE will ignore the analysts whom himself has a very low rating and look from technical perspective. The stock has made a nice 60% gain in a very short space of time from what was avery low base. This still does offer a nice reversal trade opportunity if conditions remain positive.
we are of the opinion that a break above the 100ma and $3.05 resistance could lead to a quick run to $4.20.
ANALYSTS UPGRADES
Noble Financial analyst Poe Fratt maintained a Buy rating on Orion Group Holdings (ORN) on June 28 and set a price target of $520. The company’s shares closed yesterday at $2.61, close to its 52-week low of $1.80.(REALLY)
In a report released today, Salim Syed from Mizuho Securities maintained a Buy rating on Orion Group Holdings (ORN), with a price target of $7.10. The company’s shares closed yesterday at $2.61, close to its 52-week low of $1.80.
COMPANY PROFILE
Orion Group Holdings, Inc. engages in the provision of specialty construction services in the building, industrial, and infrastructure sectors. It operates through the Marine and Concrete segments. The Marine segment includes the restoration, maintenance, dredging, and repair of marine transportation facilities; pipelines, bridges, and causeways; and environmental structures. The Concrete segment involves cement pouring for products such as columns, elevated beams, sidewalks, ramps, and tilt walls. The company was founded in 1994 and is headquartered in Houston, TX.
Orion Marine Group Inc: awaiting the breakoutOn the weekly chart, Orion Marine Group Inc. shares are hovering around the USD 8.80 support level. The nature of this movement implies, albeit falsely, that this mark will be breached to the downside. If this is so, a bullish divergence pattern could shape up on the chart of RSI, and it is advisable for investors to wait for this time and then to launch bullish positions with a target of USD 11.
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