The trading price of Orchid Island Capital Inc (NYSE:ORC) floating lower at last check on Wednesday, July 17, closing at $8.82, -0.05% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $11.27 and a 52-week low of $5.90. Over the past month, the stock has gained 4.32% in value.
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Orchid Island Capital Inc, whose market valuation is $589.30 million at the time of this writing. The dividend yield on the company stock is 17.70%, while its Forward Dividend ratio is 1.56. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest ORC has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that ORC’s price is currently 4.24% off the SMA20 and 3.78% off the SMA50. The RSI metric on the 14-day chart is currently showing 68.09, and weekly volatility stands at 1.86%. When measured over the past 30 days, the indicator reaches 1.41%. Orchid Island Capital Inc (NYSE:ORC)’s beta value is currently sitting at 1.84, while the Average True Range indicator is currently displaying 0.14.
To see how Orchid Island Capital Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: ORC stock’s performance was -0.05% at last check in today’s session, and -14.58% in the past year.
An evaluation of the daily trading volume of Orchid Island Capital Inc (NYSE:ORC) indicates that the 3-month average is 1.63 million.
Currently, records show that 66.85 million of the company’s shares remain outstanding. The insiders hold 0.33% of outstanding shares, whereas institutions hold 24.57%. However, since the stock’s price has seen 4.57% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
