Orchid Island Capital Inc. (NYSE:ORC) finished Wednesday with an addition of $0.16 to close at $9.53, an upside of 1.71 percent. An average of 2,575,180 shares of common stock have been traded in the last five days. There was a fall of -$0.11 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,540,265 shares traded, while the 50-day average volume stands at 1,199,736.
ORC stock has decreased by -13.28% in the last month. The company shares reached their 1-month lowest point of $9.36 on 08/22/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $7.77 and a high of $13.56 in 52 weeks. It has reached a new high 15 times so far this year and lost -9.24% or -$0.97 in price. In spite of this, the price is down -29.74% from the 52-week high.
Valuation Metrics
Orchid Island Capital Inc. (ORC) stock’s beta is 1.61. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.51, the price-to-book (PB) ratio at 0.78, and the price-to-cash flow ratio at 3.77.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 8.57 for the quarter ending June 29. Its gross profit as reported stood at -$196.75 million compared to revenue of $144.63 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Orchid Island Capital Inc.’s return on assets was -0.90%.
Earnings Surprise
The analyst consensus anticipated Orchid Island Capital Inc.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.34, a -3,300.00% surprise. For the quarter, EBITDA amounted to $58.92 million. At the end of the quarter ending June 29, Orchid Island Capital Inc.’s stock balance sheet showed total debt was $4.21 billion. Shareholders own equity worth $43.9 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Orchid Island Capital Inc. (ORC) price momentum. RSI 9-day as of the close on 23 August was 33.06%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.73%.
As of today, ORC’s price is $9.50 -1.14% or -$0.11 from its 5-day moving average. ORC is currently trading -14.53% lower than its 20-day SMA and -9.32% lower than its 100-day SMA. However, the stock’s current price level is -6.39% below the SMA50 and -1.85% below the SMA200.
The stochastic %K and %D were 12.08% and 11.63%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 19.54% and the average true range at 0.22, the RSI (14) stands at 35.41%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.
Analyst Ratings
Ladenburg Thalmann downgraded Orchid Island Capital Inc. (NYSE: ORC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Orchid Island Capital Inc. (ORC) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ORC, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is ORC’s price target for the next 12 months?
Analysts predict a range of price targets between $17.50 and $17.50, with a median target of $17.50. Taking a look at these predictions, the average price target given by analysts for Orchid Island Capital Inc. (ORC) stock is $17.50.
