Orchid Island Capital Inc. (NYSE:ORC) currently has a daily average trading volume of 799.70K but it saw 800784 shares traded on Thursday. With a market cap of 416.56M USD, stock’s current market price of $10.25 came rising about 2.09 while comparing to the previous closing price of $10.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.50 and as low as $7.95. In the recent trading on the day, stock has struck highest price mark of $10.32 while lowest mark touched by it was $9.8325.
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Taking a look at 20-day trading activity of Orchid Island Capital Inc. (ORC) gives us an average price of $10.91, while its current price level is -41.43% below from 52-week high level whereas it is 28.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $11.49 while that of 200 days or SMA-200 reads an average of $12.18. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.07% during that period while stretching the period over a month that decreases to 2.85%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.04 which implies that the stock is in neutral territory.
Orchid Island Capital Inc. (ORC)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $17.50 and $17.50 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $17.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $17.50. Average price target assigned by them is $17.50 which highlights an upside potential of 41.43% for the stock over that period. And to attain the median price target of $17.50 assigned by those analysts, stock has to add about 41.43% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, ORC’s stock price is moving -2.10% down while it is -12.02% when we observe its performance for the past one month. Year-to-date it is -2.38% down and over the past year, the stock is showing a downside performance of -40.06%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.26 beaten by the consensus estimate of $0.65 for the same. For ORC, analysts are forecasting an EPS-growth rate of -67.30% for current year and estimate for EPS growth in next year is -9.90%. In next quarter, company is expected to be making quarterly sales of $14.76 million as analysts are expecting the sales for current fiscal year at $94.57 million and seeing the company making $63.39 million in sales next year. Moreover, analysts are in estimates of $14.03 million for current-quarter revenue.
Currently, Orchid Island Capital Inc.’s total number of outstanding shares is 43.85M with 0.25% of that held by the insiders while 30.91% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -53.30%. It has a 7.32 of forward P/E ratio. Stock’s beta reads 1.66. Stock has a price to book (P/B) ratio of 1.02. Its return on asset (ROA) is -6.00% on average.
In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -0.32% in the company and now holds 0.74 million or 2.04% of the company’s stake having worth of about 8.45 million.
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