The trading price of Office Properties Income Trust (NASDAQ:OPI) closed lower on Friday, March 21, and closing at $0.58, -1.93% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.4436 and $0.6099. In examining the 52-week price action we see that the stock hit a 52-week high of $3.02 and a 52-week low of $0.58. Over the past month, the stock has lost -34.42% in value.
Office Properties Income Trust, whose market valuation is $40.50 million at the time of this writing, is expected to release its quarterly earnings report on 2024-Oct-29. The dividend yield on the company stock is 6.90%, while its Forward Dividend ratio is 0.04. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest OPI 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 OPI a recommendation rating is 3. Out of them, 1 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Office Properties Income Trust (OPI) as Underweight, while 1 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 OPI’s price is currently -29.85% off the SMA20 and -34.38% off the SMA50. The RSI metric on the 14-day chart is currently showing 27.40, and weekly volatility stands at 16.40%. When measured over the past 30 days, the indicator reaches 10.03%. Office Properties Income Trust (NASDAQ:OPI)’s beta value is currently sitting at 1.47, while the Average True Range indicator is currently displaying 0.08.
To see how Office Properties Income Trust stock has been performing in comparison to its peers in the industry, here are the numbers: OPI stock’s performance was -1.93% in the latest trading, and -70.56% in the past year.
An evaluation of the daily trading volume of Office Properties Income Trust (NASDAQ:OPI) indicates that the 3-month average is 621.32K. However, this figure has increased over the past 10 days to an average of 1.67.
Currently, records show that 69.82 million of the company’s shares remain outstanding. The insiders hold 1.84% of outstanding shares, whereas institutions hold 50.57%. The stats also highlight that short interest as of 2025-02-28, stood at 5.18 million shares, resulting in a short ratio of 12.36 at that time. From this, we can conclude that short interest is 885.00 of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 4.9 million. However, since the stock’s price has seen -41.99% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
