Orchid Island Capital Inc (NYSE:ORC) price on Friday, October 25, rose 0.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.91.
A look at the stock’s price movement, the close in the last trading session was $7.88, moving within a range at $7.89 and $8.059. Turning to its 52-week performance, $9.08 and $5.90 were the 52-week high and 52-week low respectively. Overall, ORC moved -3.30% over the past month.
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Orchid Island Capital Inc’s market cap currently stands at around $564.30 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-30. The company has a Forward Dividend ratio of 1.44, with its dividend yield at 18.20%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.77M for the company’s revenue for the quarter, with a low and high estimate of -5.74M and 8.1M respectively. The average forecast suggests down to a -163.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to -2.83M, representing a -88.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ORC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend ORC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ORC’s current price about -0.23% and -2.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.21, while 7-day volatility ratio is 1.95% and 1.66% in the 30-day chart. Further, Orchid Island Capital Inc (ORC) has a beta value of 1.83, and an average true range (ATR) of 0.14.
If we refocus on Orchid Island Capital Inc (NYSE:ORC), historical trading data shows that trading volumes averaged 1.83 over the past 10 days and 2.02 million over the past 3 months. The company’s latest data on shares outstanding shows there are 71.34 million shares.
The 0.30% of Orchid Island Capital Inc’s shares are in the hands of company insiders while institutional holders own 28.25% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.01 million on 2024-09-30, giving us a short ratio of 2.04. The data shows that as of 2024-09-30 short interest in Orchid Island Capital Inc (ORC) stood at 679.0 of shares outstanding, with shares short rising to 3.99 million registered in 2024-08-30. Current price change has pushed the stock -6.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ORC stock continues to rise going into the next quarter.
