Does ORLA MINING LTD (NYSEARCA:ORLA) meet the Minervini criteria?

In this article we will dive into ORLA MINING LTD (NYSEARCA:ORLA) as a possible candidate for growth investing. Investors should always do their own research, but we noticed ORLA MINING LTD showing up in our Minervini growth screen, which makes it worth to investigate a bit more.

ORLA passes the Minervini Trend Template check!

ORLA checks all the boxes when evaluating the Minervini Trend Template. This is a set of basic technical criteria to identify stocks in strong uptrends:

• ✔ Relative Strength is above 70.
• ✔ Current price is within 25% of it's 52-week high.
• ✔ Current price is at least 30% above it's 52-week low.
• ✔ The current price is above the 50-, 150- and 200-day SMA price line.
• ✔ The SMA(200) is trending upwards.
• ✔ The SMA(150) is above the SMA(200)
• ✔ The SMA(50) is above the SMA(150) and the SMA(200)

Why ORLA may be interesting for high growth investors.

ChartMill assigns a High Growth Momentum Rating (HGM) to each stock, ranging from 0 to 10. This rating is determined by analyzing different growth and profitability elements, including EPS and revenue growth, accelleration, surprises and revisions. In the case of ORLA, the assigned 6 reflects its growth potential:

Explosive Earnings Growth

• The recent financial report of ORLA demonstrates a 40.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• ORLA has experienced 61.29% growth in EPS over a 12 month period, demonstrating its ability to generate sustained and positive earnings momentum.
• The q2q revenue growth of 47.43% of ORLA highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• ORLA has demonstrated strong 1-year revenue growth of 47.2%, reflecting revenue momentum and its ability to generate consistent top-line expansion. This growth underscores the company's strong market position and its potential for future success.

Financial Strength & Profitability

• With a favorable trend in its operating margin over the past year, ORLA demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• With positive growth in its free cash flow (FCF) over the past year, ORLA showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• ORLA has a healthy Return on Equity(ROE) of 17.54%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• A Debt/Equity ratio of 0.0 suggests that ORLA is managing its debt levels responsibly.

Market Strength

• The Relative Strength (RS) of ORLA has consistently been strong, with a current 98.62 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength.

How do we evaluate the setup for ORLA?

ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for ORLA is 4:

Although ORLA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Our latest full technical report of ORLA contains the most current technical analsysis.

More like this

It looks like ORLA MINING LTD meets the Minervini criteria. More high growth momentum breakout stocks can be found in our High Growth Momentum + Trend Template screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.