Blue Owl Capital Corp (NYSE:OBDC) saw an upside of 0.74% to $13.90 after adding $0.1 on Monday. The 5-day average trading volume is 1,522,300 shares of the company’s common stock. It has gained $14.03 in the past week and touched a new high 2 times within the past 5 days. An average of 1,903,425 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,609,378.
OBDC’s 1-month performance is 2.89% or $0.31 on its low of $13.32 reached on 09/08/23. The company’s shares have touched a 52-week low of $10.02 and high of $14.25, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, OBDC has achieved 21.88% or $2.36 and has reached a new high 17 times. However, the current price is down -2.43% from the 52-week high price.
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Valuation Metrics
OBDC stock has a beta of 0.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.91 while the price-to-book (PB) in the most recent quarter is 0.91, with the price to cash flow ratio at 10.86.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.18, while the total debt to equity was 1.18. In terms of profitability, the gross margin trailing 12 months is 75.91%. The firm’s gross profit as reported stood at $639.48 million against revenue of $1.2 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected OBDC to announce $0.46 per share in earnings in its latest quarter, but it posted $0.48, representing a 4.30% surprise. EBITDA for the quarter stood at more than $296.77 million. OBDC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.44 billion, with total debt at $7.03 billion. Shareholders hold equity totaling $389.73 million.
Let’s look briefly at Blue Owl Capital Corp (OBDC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 59.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 10.20%.
The stock’s 5-day moving average is $13.85, reflecting a +0.51% or $0.07 change from its current price. OBDC is currently trading +2.28% above its 20-day SMA, +10.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.07% and SMA200 by+14.77%.
Stochastic %K and %D was 63.23% and 61.93% and the average true range (ATR) pointed at 0.17. The RSI (14) points at 56.39%, while the 14-day stochastic is at 83.10% with the period’s ATR at 0.18. The stock’s 9-day MACD Oscillator is pointing at 0.01 and 0.13 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Blue Owl Capital Corp (NYSE: OBDC), B. Riley Securities launched coverage with a Buy rating. Analysts offering their rating for OBDC stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisors rate OBDC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is OBDC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $13.50 and a high of $16.50, with their median price target at $15.25. Looking at these predictions, the average price target given by analysts is for Blue Owl Capital Corp (OBDC) stock is $15.33.
