Orchid Island Capital Inc (NYSE:ORC) price on current trading day, fall -0.94% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.75.
A look at the stock’s price movement, the level at last check in today’s session was $8.83. The PE ratio in trailing twelve months stood at 14.43. Turning to its 52-week performance, $9.08 and $7.41 were the 52-week high and 52-week low respectively. Overall, ORC moved 9.75% over the past month.
Orchid Island Capital Inc’s market cap currently stands at around $816.02 million, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 1.44, with its dividend yield at 16.46%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ORC is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy 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 2.44% and 7.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.02, while 7-day volatility ratio is 1.75% and 2.03% in the 30-day chart. Further, Orchid Island Capital Inc (ORC) has a beta value of 1.88, and an average true range (ATR) of 0.16.
If we refocus on Orchid Island Capital Inc (NYSE:ORC), historical trading data shows that trading volumes averaged 2.58 million over the past 3 months. The company’s latest data on shares outstanding shows there are 93.29 million shares.
The 0.28% of Orchid Island Capital Inc’s shares are in the hands of company insiders while institutional holders own 30.49% of the company’s shares. Current price change has pushed the stock 12.43% 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.
