The stock of Orion Office REIT Inc. (NYSE:ONL) increased by $0.15 on Friday to finish at $6.56, up 2.34 percent. The last five days have seen an average of 407,200 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$1.98. The average number of shares traded over the last 20 days was 362,920, while the average volume over the last 50 days totaled 447,508.
ONL stock dropped -4.65% since last month. On 08/08/23, the company’s shares reached a one-month low of $6.05. The stock touched a high of $11.04 on 02/03/23, after rallying from a low of $5.27 in 52 weeks. The price of ONL stock has declined by -23.19% or -$1.98 this year, reaching a new high 10 times. Still, the stock price is down -40.58% from the 52-week high.
Insider Transactions
ONL stock investors should be aware that Orion Office REIT Inc. (ONL) stock had its last reported insider trading activity 94 days ago on May 12. On May 12,. Day Christopher Haviland acquired 2,000 shares at $5.57 each. This transaction resulted in the insider spending $11,138.
Valuation Metrics
Beta for the stock is 0.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 0.40, and the price-to-cash flow ratio of 3.97.
Company paid $0.10 per share in dividends, remained unchanged from $0.10 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending December 30 is 0.56, and the total debt to equity ratio is 0.56. As far as profitability goes, gross margin for the trailing twelve months is 69.90% percent. Based on annual data, it had gross profit of -$68.67 million and revenue of $208.12 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -4.70% return on investment (ROI) in the past year.
Earnings Surprise
According to Orion Office REIT Inc.’s quarterly financial report for the quarter that ended December 30. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Orion Office REIT Inc.’s quarterly earnings would be -$0.33, but it ended up being -$0.16, beating the consensus by -106.20%. EBITDA was $21.06 million for the quarter. At the end of Orion Office REIT Inc.’s most recent quarter ended December 30, its total debt was $537.84 million. Equity owned by shareholders amounts to $56.7 million.
Technical Picture
Here’s a quick look at Orion Office REIT Inc.’s (ONL) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 58.36%, suggesting the stock is Neutral, with a 35.10% historical volatility rate.
The stochastic %K and %D were 44.44% and 28.84% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 71.83%, the RSI (14) reading is 53.82%. On the 9-day MACD Oscillator, the stock is at 0.10, and the 14-day reading is at 0.01.
Analyst Ratings
In its analyst report released on October 19, 2022, JMP Securities began covering Orion Office REIT Inc. (NYSE: ONL). The stock was rated as a Mkt perform by the brokerage firm. Analysts have assigned Orion Office REIT Inc. (ONL) an Hold rating. ONL is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is ONL’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.00 and $8.00, with a median target price of $8.00. In analyzing these forecasts, the average price target given by analysts for Orion Office REIT Inc. (ONL) is $8.00.
