As of Friday close, Orion Office REIT Inc.’s (NYSE:ONL) stock was down -$0.56, moving down -8.81 percent to $5.80. The average number of shares traded per day over the past five days has been 1,971,120 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.96 fall in that time frame. In the last twenty days, the average volume was 933,875, while in the previous 50 days, it was 557,606.
Since last month, ONL stock retreated -37.30%. Shares of the company fell to $5.76 on 03/17/23, the lowest level in the past month. A 52-week high of $18.21 was reached on 02/03/23 after having rallying from a 52-week low of $6.15. Since the beginning of this year, ONL’s stock price has dropped by -32.08% or -$2.74, and marked a new high 10 times. However, the stock has declined by -68.15% since its 52-week high.
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Valuation Metrics
The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.54, and the total debt-to-equity ratio was 0.54. On the profitability front, the trailing twelve-month gross margin is 72.40% percent. In the year ended September 29, operating margins totaled -35.20%. Based on annual data, ONL earned -$68.67 million in gross profit and brought in $208.12 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -4.70%. Return on equity (ROE) for the past 12 months was -9.50%.
In Orion Office REIT Inc.’s quarter-end financial report for September 29, it reported total debt of $352.17 million. 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 Orion Office REIT Inc. to report -$0.16 quarterly earnings, the actual figure was -$0.94 per share, beating the consensus estimate by -487.50%. During the quarter, the company generated $18.71 million in EBITDA. The value of shareholders’ equity is $56.64 million.
Technical Picture
This quick technical analysis looks at Orion Office REIT Inc.’s (ONL) price momentum. With a historical volatility rate of 55.40%, the RSI 9-day stood at 8.77% on 17 March.
With respect to its five-day moving average, the current Orion Office REIT Inc. price is down by -14.20% percent or -$0.96. At present, ONL shares trade -36.68% below its 20-day simple moving average and -35.91% percent below its 100-day simple moving average. However, the stock is currently trading approximately -31.03% below its SMA50 and -56.49% below its SMA200.
Stochastic coefficient K was 5.69% and Stochastic coefficient D was 5.22%, while ATR was 0.36. Given the Stochastic reading of 1.37% for the 14-day period, the RSI (14) reading has been calculated as 13.83%. As of today, the MACD Oscillator reading stands at -0.61, while the 14-day reading stands at -1.09.
Analyst Ratings
JMP Securities launched its rating on Orion Office REIT Inc. (NYSE: ONL) to a Mkt perform in a note to investors on October 19, 2022. Orion Office REIT Inc. (ONL) has been rated Overweight by analysts. According to 0 brokerage firms, ONL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Orion Office REIT Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $10.00 – $10.00. Based on these forecasts, analysts predict Orion Office REIT Inc. (ONL) will achieve an average price target of $10.00.