Orion Office REIT Inc (NYSE: ONL) is -26.57% lower on its value in year-to-date trading and has touched a low of $3.01 and a high of $6.22 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 ONL stock was last observed hovering at around $4.19 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $4.20, the stock is 6.87% and 6.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 0.24% at the moment leaves the stock 12.18% off its SMA200. ONL registered -19.69% loss for a year compared to 6-month gain of 14.13%. The firm has a 50-day simple moving average (SMA 50) of $3.9552 and a 200-day simple moving average (SMA200) of $3.74635.
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The stock witnessed a 8.53% loss in the last 1 month and extending the period to 3 months gives it a 0.48%, and is 9.66% up 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 3.71% over the week and 3.56% over the month.
Orion Office REIT Inc (ONL) has around 38 employees, a market worth around $234.98M and $170.45M in sales. Profit margin for the company is -50.70%. Distance from 52-week low is 39.53% and -32.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.62%).
314.0 institutions hold shares in Orion Office REIT Inc (ONL), with institutional investors hold 67.86% of the company’s shares. The shares outstanding are 55.78M, and float is at 54.94M with Short Float at 0.91%. Institutions hold 61.45% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.0 million shares valued at $21.54 million. The investor’s holdings represent 10.7504 of the ONL Shares outstanding. As of 2024-06-30, the second largest holder is PRIVATE MANAGEMENT GROUP INC with 5.12 million shares valued at $18.39 million to account for 9.1787 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.64 million shares representing 8.3112 and valued at over $16.65 million, while RENAISSANCE TECHNOLOGIES LLC holds 3.5625 of the shares totaling 1.99 million with a market value of $7.14 million.
