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Orion Energy Systems Inc [OESX] Investment Appeal on the Rise

In a filing, Orion Energy Systems Inc revealed its Director RICHSTONE ELLEN B acquired Company’s shares for reported $22900.0 on Jun 14 ’24. In the deal valued at $1.15 per share,20,000 shares were bought. As a result of this transaction, RICHSTONE ELLEN B now holds 256,784 shares worth roughly $0.3 million.

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Then, Wishart-Smith Heather L bought 9,025 shares, generating $10,017 in total proceeds. Upon buying the shares at $1.11, the Director now owns 67,223 shares.

Before that, Otten Anthony L. bought 5,000 shares. Orion Energy Systems Inc shares valued at $5,450 were divested by the Director at a price of $1.09 per share. As a result of the transaction, Otten Anthony L. now holds 204,412 shares, worth roughly $0.24 million.

B. Riley Securities downgraded its Orion Energy Systems Inc [OESX] rating to a Neutral from a a Buy in a research note published on November 10, 2021; the price target was increased to $8.50 from $5. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who decreased its forecast for the stock in early June from “a Buy” to “a Neutral”. ROTH Capital revised its rating on March 16, 2020. It rated OESX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of OESX

On Tuesday, Orion Energy Systems Inc [NASDAQ:OESX] saw its stock jump 8.26% to $1.18. Over the last five days, the stock has gained 8.26%. Orion Energy Systems Inc shares have risen nearly 36.16% since the year began. Nevertheless, the stocks have fallen -32.95% over the past one year. While a 52-week high of $1.83 was reached on 01/12/24, a 52-week low of $0.81 was recorded on 04/26/24. SMA at 50 days reached $0.9440, while 200 days put it at $1.0137. A total of 0.16 million shares were traded, compared to the trading of 60400.0 shares in the previous session.

Levels Of Support And Resistance For OESX Stock

The 24-hour chart illustrates a support level at 1.1151, which if violated will result in even more drops to 1.0501. On the upside, there is a resistance level at 1.2225. A further resistance level may holdings at 1.2649. The Relative Strength Index (RSI) on the 14-day chart is 64.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0589, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.53%. Stochastics %K at 77.28% indicates the stock is a holding.

The most recent change occurred on September 04, 2019 when B. Riley FBR began covering the stock and recommended ‘”a Buy”‘ rating along with a $4 price target.

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