As of Wednesday close, Orchid Island Capital Inc.’s (NYSE:ORC) stock was down -$0.11, moving down -1.13 percent to $9.64. The average number of shares traded per day over the past five days has been 925,740 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.45 fall in that time frame. In the last twenty days, the average volume was 1,110,670, while in the previous 50 days, it was 1,058,632.
Since last month, ORC stock retreated -8.28%. Shares of the company fell to $9.64 on 08/16/23, the lowest level in the past month. A 52-week high of $15.09 was reached on 02/02/23 after having rallying from a 52-week low of $7.77. Since the beginning of this year, ORC’s stock price has dropped by -8.19% or -$0.86, and marked a new high 15 times. However, the stock has declined by -36.10% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 3.35, the price-to-book (PB) ratio of 0.79, and the price-to-cash flow ratio of 3.60 may also be considered.
The latest dividend of $0.16 per share was paid out, remained unchanged from last year’s $0.16. On Wednesday August 17 2022, a $0.0650 dividend decrease was announced.
Financial Health
On the profitability front, the trailing twelve-month gross margin is -20.10% percent. Based on annual data, ORC earned -$196.75 million in gross profit and brought in $144.63 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Orchid Island Capital Inc. to report -$0.01 quarterly earnings, the actual figure was -$0.34 per share. During the quarter, the company generated $58.92 million in EBITDA. The value of shareholders’ equity is $43.9 million.
Technical Picture
This quick technical analysis looks at Orchid Island Capital Inc.’s (ORC) price momentum. With a historical volatility rate of 19.08%, the RSI 9-day stood at 23.29% on 16 August.
With respect to its five-day moving average, the current Orchid Island Capital Inc. price is down by -4.46% percent or -$0.45. At present, ORC shares trade -9.31% below its 20-day simple moving average and -4.37% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.04% below its SMA50 and -4.17% below its SMA200.
Stochastic coefficient K was 3.07% and Stochastic coefficient D was 3.41%, while ATR was 0.20. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 31.96%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at -0.37.
Analyst Ratings
Orchid Island Capital Inc. downgraded its rating on Orchid Island Capital Inc. (NYSE: ORC) to a Neutral in a note to investors on August 08, 2022. The analysts firm previously had a Buy rating on the stock.Orchid Island Capital Inc. (ORC) has been rated Hold 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 0 recommending it as overweight.
With a median target price of $17.50, the current consensus forecast for the stock is $17.50 – $17.50. Based on these forecasts, analysts predict Orchid Island Capital Inc. (ORC) will achieve an average price target of $17.50.
