Orchid Island Capital Inc. (NYSE:ORC) shares, rose in value on Thursday, July 22, with the stock price down by -0.88% to the previous day’s close as strong demand from buyers drove the stock to $5.09.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.13, falling within a range of $5.10 and $5.16. The value of beta (5-year monthly) is 1.31 whereas the PE ratio is 4.83 over 12-month period. Referring to stock’s 52-week performance, its high was $6.22, and the low was $4.83. On the whole, ORC has fluctuated by -6.22% over the past month.
With the market capitalization of Orchid Island Capital Inc. currently standing at about $487.20 million, investors are eagerly awaiting this quarter’s results, scheduled for Jul 28, 2021 – Aug 02, 2021. The company’s Forward Dividend Ratio is 0.78, with its dividend yield at 15.20%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.26, which is expected to increase to $0.26 for fiscal year $0.48 and then to about $1.03 by fiscal year 2022. Data indicates that the EPS growth is expected to be 1,500.00% in 2022, while the next year’s EPS growth is forecast to be 114.60%.
Analysts have estimated the company’s revenue for the quarter at $26.68 million, with a low estimate of $26.29 million and a high estimate of $27.06 million. According to the average forecast, sales growth in current quarter could jump up 17.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $105.92 million, representing an increase of 180.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ORC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
2 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 1 recommend it as a Buy and 0 called the ORC stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 1 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ORC currently trading nearly -1.90% and -5.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.37, while the 7-day volatility ratio is showing 2.21% which for the 30-day chart, stands at 2.22%. Furthermore, Orchid Island Capital Inc. (ORC)’s beta value is 1.29, and its average true range (ATR) is 0.13. The company’s stock has been forecasted to trade at an average price of $5.25 over the course of the next 52 weeks, with a low of $4.50 and a high of $6.00. Based on these price targets, the low is 11.59% off current price, whereas the price has to move -17.88% to reach the yearly target high. Additionally, analysts’ median price of $5.25 is likely to be welcomed by investors because it represents a decrease of -3.14% from the current levels.
A comparison of Orchid Island Capital Inc. (ORC) with its peers suggests the former has fared considerably weaker in the market. ORC showed an intraday change of -0.88% in today’s session so far, and over the past year, it grew by 0.59%%. In comparison, Two Harbors Investment Corp. (TWO) has moved lower at -1.64% today and is up 21.86% over the past 12 months. On the other hand, the price of Invesco Mortgage Capital Inc. (IVR) has fallen -3.20% today. The stock, however, is off 8.13% from where it was a year ago. Additionally, there is a loss of -1.57% for Western Asset Mortgage Capital Corporation (WMC) in recent trading while the stock has seen an overall depriciation of 42.60%% over the past year. The PE ratio stands at 4.83 for Orchid Island Capital Inc., compared to 4.72 for Two Harbors Investment Corp.. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.05%. Meanwhile, the Dow Jones Industrial Slipped by -0.05%.
Data on historical trading for Orchid Island Capital Inc. (NYSE:ORC) indicates that the trading volumes over the past 10 days have averaged 3.39 million and over the past 3 months, they’ve averaged 3.26 million. According to company’s latest data on outstanding shares, there are 107.41 million shares outstanding.
Nearly 0.30% of Orchid Island Capital Inc.’s shares belong to company insiders and institutional investors own 38.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.45 million shares as on May 27, 2021, resulting in a short ratio of 4.93. According to the data, the short interest in Orchid Island Capital Inc. (ORC) stood at 13.07% of shares outstanding as of May 27, 2021; the number of short shares registered in Apr 29, 2021 reached 9.55 million. The stock has fallen by -1.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ORC stock heading into the next quarter.