Office Properties Income Trust (NASDAQ:OPI) finished Friday with a subtraction of -$0.15 to close at $4.10, a downside of -3.53 percent. An average of 1,808,720 shares of common stock have been traded in the last five days. There was a fall of -$1.01 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 2,304,330 shares traded, while the 50-day average volume stands at 1,289,748.
OPI stock has decreased by -45.98% in the last month. The company shares reached their 1-month lowest point of $4.05 on 09/28/23. With the stock rallying to its 52-week high on 02/16/23, shares of the company touched a low of $4.05 and a high of $18.10 in 52 weeks. It has reached a new high 11 times so far this year and lost -69.29% or -$9.25 in price. In spite of this, the price is down -77.35% from the 52-week high.
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Valuation Metrics
Office Properties Income Trust (OPI) has a trailing price-to-earnings (P/E) ratio of 19.04. The stock’s beta is 1.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.37, the price-to-book (PB) ratio at 0.15.
Financial Health
Further, the company has a long term debt to equity ratio of 1.91 and a total debt to equity ratio of 1.91 for the quarter ending June 29. Its gross profit as reported stood at $89.25 million compared to revenue of $554.27 million.
Earnings Surprise
For the three-month period that ended June 29, Office Properties Income Trust had $106.37 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$12.24 million in the quarter, while revenues were shrunk -31.21%. The analyst consensus anticipated Office Properties Income Trust’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.25, a -733.30% surprise. For the quarter, EBITDA amounted to $71.33 million. At the end of the quarter ending June 29, Office Properties Income Trust’s stock balance sheet showed total debt was $2.54 billion. Shareholders own equity worth $48.59 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Office Properties Income Trust (OPI) price momentum. RSI 9-day as of the close on 29 September was 14.53%, suggesting the stock is oversold, with historical volatility in this time frame at 43.90%.
As of today, OPI’s price is $4.41 -19.77% or -$1.01 from its 5-day moving average. OPI is currently trading -44.59% lower than its 20-day SMA and -35.43% lower than its 100-day SMA. However, the stock’s current price level is -50.60% below the SMA50 and -71.55% below the SMA200.
The stochastic %K and %D were 4.07% and 3.21%, respectively, and the average true range (ATR) was 0.34. With the 14-day stochastic at 2.53% and the average true range at 0.34, the RSI (14) stands at 19.94%. The stock has reached -0.68 on the 9-day MACD Oscillator while the 14-day reading was at -1.06.
Analyst Ratings
RBC Capital Mkts downgraded Office Properties Income Trust (NASDAQ: OPI) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Office Properties Income Trust (OPI) among analysts is Underweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell OPI, while 0 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
