Orchid Island Capital Inc (NYSE: ORC) is -3.80% lower on its value in year-to-date trading and has touched a low of $5.90 and a high of $11.27 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ORC stock was last observed hovering at around $8.39 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $8.11, the stock is -7.07% and -5.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -3.34% at the moment leaves the stock -5.92% off its SMA200. ORC registered -26.67% loss for a year compared to 6-month gain of 8.57%.
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The stock witnessed a -5.26% loss in the last 1 month and extending the period to 3 months gives it a -7.84%, and is -6.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.13% over the week and 2.27% over the month.
Fwd P/E is 21.06. Profit margin for the company is -25.32%. Distance from 52-week low is 37.46% and -28.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.35%).
The EPS is expected to grow by 61.28% this year.
Orchid Island Capital Inc (ORC) Top Institutional Holders
The shares outstanding are 52.83M, and float is at 52.62M with Short Float at 7.25%.
Orchid Island Capital Inc (ORC) Insider Activity
The most recent transaction is an insider purchase by Haas G Hunter IV,the company’sChief Financial Officer. SEC filings show that Haas G Hunter IV bought 2,194 shares of the company’s common stock on Dec 20 ’23 at a price of $8.61 per share for a total of $18879.0. Following the purchase, the insider now owns 52450.0 shares.
Orchid Island Capital Inc disclosed in a document filed with the SEC on Dec 20 ’23 that Haas G Hunter IV (Chief Financial Officer) sold a total of 2,194 shares of the company’s common stock. The trade occurred on Dec 20 ’23 and was made at $8.60 per share for $18878.0. Following the transaction, the insider now directly holds 50256.0 shares of the ORC stock.
Still, SEC filings show that on Oct 13 ’23, Cauley Robert E (Chief Executive Officer) acquired 15,000 shares at an average price of $7.40 for $0.11 million. The insider now directly holds 112,309 shares of Orchid Island Capital Inc (ORC).
