Is Buying Stock In Orchid Island Capital Inc. (ORC) A Good Move Today?

Orchid Island Capital Inc. (NYSE:ORC) saw a downside of 0.00% to close Monday at $5.02 after subtracting $0.0 on the day. The 5-day average trading volume is 2,293,400 shares of the company’s common stock. It has gained $5.05 in the past week. An average of 4,092,095 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,380,110.

The company’s shares have touched a 52-week low of $4.80 and high of $6.22, with the stock’s rally to the 52-week high happening on 04/14/21. YTD, ORC has lost -3.83% or -$0.20. However, the current price is down -19.29%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 464.00 and a low of 4.273. ORC stock has a beta of 1.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 36.91 while the price-to-book (PB) in the most recent quarter is 0.90, with the price to cash flow ratio at 32.26.

Orchid Island Capital Inc. pays an annual dividend of $0.78 per share. Its dividend yield is 15.54% and the payout ratio is 491.00%. ORC paid $0.0650 a share compared with prior rate of $0.0650, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.0050 reported on Wednesday August 19 2020. Measured over the last 3 years, the Dividend has been growing by -52.98% yearly.

It is projected that Orchid Island Capital Inc.’s next ex-dividend date will be on 1-Nov. ORC is expected to distribute $0.065 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 8.15. In terms of profitability, the gross margin trailing 12 months is 27.40%. The firm’s gross profit as reported stood at $27.18 million against revenue of $116.05 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ORC to announce $0.26 per share in earnings in its latest quarter, but it posted $0.24, representing a -7.70% surprise. EBITDA for the quarter stood at more than -$15.31 million. ORC stock balance sheet for the quarter ending June 29 shows that, with total debt at $4.53 billion. Shareholders hold equity totaling $123.06 million

Technical Picture

Let’s look briefly at Orchid Island Capital Inc. (ORC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 58.82% to suggest the stock is trending Neutral, with historical volatility in this time period at 11.49%.

The stock’s 5-day moving average is $4.99, reflecting a +1.62% or $0.08 change from its current price. ORC is currently trading -0.79% above its 20-day SMA, -8.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.41% and -6.86% respectively.

Stochastic %K and %D was 80.70% and 70.76% and the average true range (ATR) pointed at 0.06. The RSI (14) points at 53.32%, while the 14-day stochastic is at 84.21% with the period’s ATR at 0.06. The stock’s 9-day MACD Oscillator is pointing at 0.05 and 0.03 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Orchid Island Capital Inc. (NYSE: ORC), Ladenburg Thalmann upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for ORC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ORC as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is ORC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.00 and a high of $6.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for Orchid Island Capital Inc. (ORC) stock is $6.00.

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