Blue Owl Capital Corp (NYSE:OBDC) finished Wednesday with an addition of $0.18 to close at $14.07, an upside of 1.30 percent. An average of 2,431,000 shares of common stock have been traded in the last five days. There was a gain of $0.16 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 2,155,740 shares traded, while the 50-day average volume stands at 1,709,976.
OBDC stock has increased by 3.22% in the last month. The company shares reached their 1-month lowest point of $13.32 on 09/08/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $10.02 and a high of $14.25 in 52 weeks. It has reached a new high 17 times so far this year and achieved 23.36% or $2.52 in price. In spite of this, the price is down -1.25% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Blue Owl Capital Corp (OBDC) has a trailing price-to-earnings (P/E) ratio of 6.45. The stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.96, the price-to-book (PB) ratio at 0.92, and the price-to-cash flow ratio at 10.99.
The company has a payout ratio of 106.45%. The company’s most recent quarterly dividend payment was $0.33 a share, representing a up of 371.43% from $0.07 last year. Its latest increase dividend $0.26 reported on Wednesday August 9 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.18 and a total debt to equity ratio of 1.18 for the quarter ending June 29. Its gross profit as reported stood at $639.48 million compared to revenue of $1.2 billion.
Earnings Surprise
The analyst consensus anticipated Blue Owl Capital Corp’s latest quarter earnings to come in at $0.46 per share, but it turned out to be $0.48, a 4.30% surprise. For the quarter, EBITDA amounted to $296.77 million. Shareholders own equity worth $389.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Blue Owl Capital Corp (OBDC) price momentum. RSI 9-day as of the close on 27 September was 66.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 10.84%.
As of today, OBDC’s price is $13.88 +1.15% or $0.16 from its 5-day moving average. OBDC is currently trading +1.52% higher than its 20-day SMA and +14.86% higher than its 100-day SMA. However, the stock’s current price level is -0.57% below the SMA50 and +14.76% above the SMA200.
The stochastic %K and %D were 80.84% and 72.88%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 77.72% and the average true range at 0.20, the RSI (14) stands at 61.07%. The stock has reached 0.09 on the 9-day MACD Oscillator while the 14-day reading was at 0.19.
Analyst Ratings
B. Riley Securities launched coverage on Blue Owl Capital Corp (NYSE: OBDC) in its analyst report released on July 28, 2023. The firm assigned the stock a Buy rating.
What is OBDC’s price target for the next 12 months?
Analysts predict a range of price targets between $13.50 and $16.50, with a median target of $15.25. Taking a look at these predictions, the average price target given by analysts for Blue Owl Capital Corp (OBDC) stock is $15.33.
