At the last check on Thursday, Orchid Island Capital Inc.’s (NYSE:ORC) stock was down -$0.11, moving down -1.23 percent to $9.26. The average number of shares traded per day over the past five days has been 1,113,224 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.27 fall in that time frame. In the last twenty days, the average volume was 1,423,746, while in the previous 50 days, it was 1,340,684.
Since last month, ORC stock retreated -1.23%. Shares of the company fell to $9.16 on 09/21/23, the lowest level in the past month. A 52-week high of $12.66 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 -11.86% or -$1.27, and marked a new high 15 times. However, the stock has declined by -26.90% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 3.78, the price-to-book (PB) ratio of 0.76, and the price-to-cash flow ratio of 4.07 may also be considered.
The latest dividend of $0.16 per share was paid out, remained unchanged from last year’s $0.16.
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 14.03%, the RSI 9-day stood at 34.19% on 20 September.
With respect to its five-day moving average, the current Orchid Island Capital Inc. price is down by -2.79% percent or -$0.27. At present, ORC shares trade -3.10% below its 20-day simple moving average and -13.69% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.84% below its SMA50 and -15.35% below its SMA200.
Stochastic coefficient K was 34.17% and Stochastic coefficient D was 42.66%, while ATR was 0.18. Given the Stochastic reading of 15.31% for the 14-day period, the RSI (14) reading has been calculated as 36.67%. As of today, the MACD Oscillator reading stands at -0.06, while the 14-day reading stands at -0.03.
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.
