Office Properties Income Trust (NASDAQ:OPI) saw a downside of -4.12% to close Tuesday at $4.65 after subtracting -$0.2 on the day. The 5-day average trading volume is 1,902,940 shares of the company’s common stock. It has gained $5.96 in the past week and touched a new high 1 time within the past 5 days. An average of 2,131,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,263,586.
OPI’s 1-month performance is -32.71% or -$2.26 on its low of $4.60 reached on 09/26/23. The company’s shares have touched a 52-week low of $4.84 and high of $18.10, with the stock’s rally to the 52-week high happening on 02/16/23. YTD, OPI has lost -65.17% or -$8.70 and has reached a new high 11 times. However, the current price is down -74.31% from the 52-week high price.
Valuation Metrics
OPI stock has a beta of 1.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.42 while the price-to-book (PB) in the most recent quarter is 0.17.
. In terms of profitability, the gross margin trailing 12 months is 42.34%. The firm’s gross profit as reported stood at $89.25 million against revenue of $554.27 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -31.21% to -$12.24 million, while revenue of -$0.45 million was 96.32% off the previous quarter. EBITDA for the quarter stood at more than $71.33 million. Shareholders hold equity totaling $48.59 million.
Let’s look briefly at Office Properties Income Trust (OPI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 16.53% to suggest the stock is trending oversold, with historical volatility in this time period at 57.00%.
The stock’s 5-day moving average is $5.09, reflecting a -19.69% or -$1.14 change from its current price. OPI is currently trading -35.77% above its 20-day SMA, -23.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -42.73% and SMA200 by-67.32%.
Stochastic %K and %D was 1.38% and 1.86% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 22.62%, while the 14-day stochastic is at 3.09% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at -0.60 and -0.74 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Office Properties Income Trust (NASDAQ: OPI), RBC Capital Mkts downgraded it to an Underperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for OPI stock have a consensus rating for the stock as Underweight. Currently, 2 brokerage advisors rate OPI as a “sell,”, while 0 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is OPI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.00 and a high of $17.00, with their median price target at $9.50. Looking at these predictions, the average price target given by analysts is for Office Properties Income Trust (OPI) stock is $10.00.
