The stock of Orchid Island Capital Inc. (NYSE:ORC) decreased by -$0.05 on Tuesday to at $9.70, down -0.46 percent. The last five days have seen an average of 1,585,874 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$0.69. The average number of shares traded over the last 20 days was 1,571,503, while the average volume over the last 50 days totaled 1,223,325.
ORC stock dropped -6.86% since last month. On 08/25/23, the company’s shares reached a one-month low of $9.36. The stock touched a high of $13.50 on 02/02/23, after rallying from a low of $7.77 in 52 weeks. The price of ORC stock has declined by -7.57% or -$0.69 this year, reaching a new high 15 times. Still, the stock price is down -28.10% from the 52-week high.
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Valuation Metrics
Beta for the stock is 1.60. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.61, the price-to-book (PB) ratio of 0.80, and the price-to-cash flow ratio of 3.88.
Company paid $0.16 per share in dividends, remained unchanged from $0.16 last year.
Financial Health
As far as profitability goes, gross margin for the trailing twelve months is -20.10% percent. Based on annual data, it had gross profit of -$196.75 million and revenue of $144.63 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ORC’s return on assets (ROA) during the last 12 months has been -0.90%. In the meantime, the return on equity (ROE) for the last 12 months was -8.00%.
Earnings Surprise
According to Orchid Island Capital Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Orchid Island Capital Inc.’s quarterly earnings would be -$0.34, but it ended up being -$0.01. EBITDA was $58.92 million for the quarter. At the end of Orchid Island Capital Inc.’s most recent quarter ended June 29, its total debt was $4.21 billion. Equity owned by shareholders amounts to $43.9 million.
Technical Picture
Here’s a quick look at Orchid Island Capital Inc.’s (ORC) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 51.56%, suggesting the stock is Neutral, with a 21.76% historical volatility rate.
The stochastic %K and %D were 40.98% and 30.57% respectively, while the average true range (ATR) was 0.21. Based on the 14-day stochastic reading of 55.89%, the RSI (14) reading is 46.66%. On the 9-day MACD Oscillator, the stock is at 0.13, and the 14-day reading is at 0.01.
Analyst Ratings
Orchid Island Capital Inc. (NYSE: ORC) was downgraded by Ladenburg Thalmann to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Orchid Island Capital Inc. (ORC) an Hold rating. ORC is a stock that is recommended for selling by 0 brokerage firms, while 2 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 ORC’s price target for the next 12 months?
The current consensus forecast for the stock is between $17.50 and $17.50, with a median target price of $17.50. In analyzing these forecasts, the average price target given by analysts for Orchid Island Capital Inc. (ORC) is $17.50.
