Does ORLA MINING LTD (NYSEARCA:ORLA) align with Mark Minervini’s trading strategy?

Our stock screener has spotted ORLA MINING LTD (NYSEARCA:ORLA) as a stocks which checks several boxes as specified by Mark Minervini. We will dive into an analysis below.

Minervini Trend Template Analysis.

The Minervini Trend Template is a set of technical criteria designed to identify stocks in strong uptrends. We can check all the boxes for ORLA:

• ✔ 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)

What matters for high growth investors.

Every stock receives a High Growth Momentum Rating (HGM) from ChartMill, ranging from 0 to 10. This rating assesses various growth and profitability aspects, including historical and projected EPS and revenue growth. ORLA boasts a 8 out of 10:

Earnings Momentum

• The earnings per share (EPS) of ORLA have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 40.0% increase. This reflects the company's ability to improve its profitability over time.
• Over the past year, ORLA has demonstrated 61.29% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• The recent q2q revenue growth of 47.37% of ORLA showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• 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.
• Analysts' average next Quarter EPS Estimate for ORLA has witnessed a 57.23% change in the last 3 months, underscoring the evolving market expectations towards the company's EPS prospects.

Financial Strength & Profitability

• With positive growth in its operating margin over the past year, ORLA showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• 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.
• In terms of Return on Equity(ROE), ORLA is performing well, achieving a 17.54% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• With a Debt/Equity ratio of 0.0, ORLA demonstrates prudent financial management.

Market Strength

• The Relative Strength (RS) of ORLA has been consistently solid, with a current 99.02 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage.

How do we evaluate the setup for ORLA?

ChartMill also provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, ORLA has a 4 as its setup rating:

ORLA has an excellent technical rating, but the quality of the setup is only medium 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.

Final Thoughts

Our High Growth Momentum + Trend Template screen will find you more ideas which meet the Minervini criteria.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.