Office Properties Income Trust (NASDAQ:OPI) shares, rose in value on Friday, March 07, with the stock price up by 0.65% to the previous day’s close as strong demand from buyers drove the stock to $0.92.
Actively observing the price movement in the last trading, the stock closed the session at $0.91. Referring to stock’s 52-week performance, its high was $3.02, and the low was $0.84. On the whole, OPI has fluctuated by -9.06% over the past month.
With the market capitalization of Office Properties Income Trust currently standing at about $63.15 million, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 4.35%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OPI’s technical picture suggests that short-term indicators denote the stock is a 50% 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 100% Sell.
The stock’s technical analysis shows that the price of OPI currently trading nearly 0.86% and -1.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.64, while the 7-day volatility ratio is showing 6.54% which for the 30-day chart, stands at 5.72%. Furthermore, Office Properties Income Trust (OPI)’s beta value is 1.32, and its average true range (ATR) is 0.06.
A comparison of Office Properties Income Trust (OPI) with its peers suggests the former has fared considerably weaker in the market. OPI showed an intraday change of 0.65% in last session, and over the past year, it shrunk by -61.73%%.
Data on historical trading for Office Properties Income Trust (NASDAQ:OPI) indicates that the trading volumes over the past 3 months, they’ve averaged 607.98K. According to company’s latest data on outstanding shares, there are 69.82 million shares outstanding.
Nearly 1.87% of Office Properties Income Trust’s shares belong to company insiders and institutional investors own 63.30% of the company’s shares. The stock has fallen by -8.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OPI stock heading into the next quarter.
