Can Orchid Island Capital Inc. (ORC) Add Value To Your Portfolio?

As of Friday close, Orchid Island Capital Inc.’s (NYSE:ORC) stock was down -$0.01, moving down -0.32 percent to $3.16. The average number of shares traded per day over the past five days has been 2,095,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.06 fall in that time frame. In the last twenty days, the average volume was 2,282,175, while in the previous 50 days, it was 2,712,498.

Since last month, ORC stock rose 7.85%. Shares of the company fell to $2.77 on 07/15/22, the lowest level in the past month. A 52-week high of $5.17 was reached on 01/04/22 after having rallying from a 52-week low of $2.44. Since the beginning of this year, ORC’s stock price has dropped by -29.78% or -$1.34, and marked a new high 2 times. However, the stock has declined by -38.88% since its 52-week high.

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Valuation Metrics

The latest dividend of $0.0450 per share was paid out, remained unchanged from last year’s $0.0450. On Wednesday March 16 2022, a $0.01 dividend decrease was announced.

Financial Health

Based on annual data, ORC earned -$57.67 million in gross profit and brought in $134.7 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Orchid Island Capital Inc. to report $0.18 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated -$146.07 million in EBITDA. The value of shareholders’ equity is $177.12 million.

Technical Picture

This quick technical analysis looks at Orchid Island Capital Inc.’s (ORC) price momentum. With a historical volatility rate of 22.20%, the RSI 9-day stood at 56.76% on 05 August.

With respect to its five-day moving average, the current Orchid Island Capital Inc. price is down by -1.86% percent or -$0.06. At present, ORC shares trade +10.10% above its 20-day simple moving average and -7.33% percent below its 100-day simple moving average. However, the stock is currently trading approximately +2.60% above its SMA50 and -36.80% below its SMA200.

Stochastic coefficient K was 77.85% and Stochastic coefficient D was 83.86%, while ATR was 0.11. Given the Stochastic reading of 69.23% for the 14-day period, the RSI (14) reading has been calculated as 57.70%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at 0.04.

Analyst Ratings

JMP Securities launched its rating on Orchid Island Capital Inc. (NYSE: ORC) to a Mkt perform in a note to investors on January 12, 2022. Orchid Island Capital Inc. (ORC) has been rated Overweight by analysts. According to 0 brokerage firms, ORC is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Orchid Island Capital Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $3.50, the current consensus forecast for the stock is $3.50 – $3.50. Based on these forecasts, analysts predict Orchid Island Capital Inc. (ORC) will achieve an average price target of $3.50.


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