The trading price of Orchid Island Capital Inc (NYSE:ORC) floating lower at last check on current market day and closing at $7.87, -0.38% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $7.86 and $7.93. The company’s P/E ratio in the trailing 12-month period was 7.47, while its 5Y monthly beta was 1.85. In examining the 52-week price action we see that the stock hit a 52-week high of $9.08 and a 52-week low of $5.90. Over the past month, the stock has lost -1.50% in value.
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Orchid Island Capital Inc, whose market valuation is $617.09 million at the time of this writing, is expected to release its quarterly earnings report on 2025-Jan-30. The dividend yield on the company stock is 18.30%, while its Forward Dividend ratio is 1.44. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.01 per share this quarter, however they have predicted annual earnings per share of -0.26 for current year and 0.43 for next year.
Analysts have forecast the company to bring in revenue of 2.05M for the current quarter, with the likely lows of -6.84M and highs of 8.1M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is -960k.
On the technical side, indicators suggest ORC has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ORC a recommendation rating is 2. Out of them, 1 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Orchid Island Capital Inc (ORC) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that ORC’s price is currently -0.32% off the SMA20 and -2.61% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.40, and weekly volatility stands at 2.42%. When measured over the past 30 days, the indicator reaches 1.87%. Orchid Island Capital Inc (NYSE:ORC)’s beta value is currently sitting at 1.83, while the Average True Range indicator is currently displaying 0.15.
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 -0.38% at last check in today’s session, and 32.27% in the past year. Orchid Island Capital Inc has a P/E ratio of 7.47.
An evaluation of the daily trading volume of Orchid Island Capital Inc (NYSE:ORC) indicates that the 3-month average is 2.01 million. However, this figure has increased over the past 10 days to an average of 2.2.
Currently, records show that 78.41 million of the company’s shares remain outstanding. The insiders hold 0.30% of outstanding shares, whereas institutions hold 25.72%. The stats also highlight that short interest as of 2024-10-15, stood at 4.97 million shares, resulting in a short ratio of 2.08 at that time. From this, we can conclude that short interest is 638.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 3.48 million. However, since the stock’s price has seen -6.64% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
