Orchid Island Capital Inc (NYSE: ORC) is 2.83% higher on its value in year-to-date trading and has touched a low of $7.41 and a high of $9.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ORC stock was last observed hovering at around $7.94 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $8.00, the stock is 1.82% and 1.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 0.76% at the moment leaves the stock -1.97% off its SMA200. ORC registered -4.76% loss for a year compared to 6-month loss of -6.87%. The firm has a 50-day simple moving average (SMA 50) of $7.8712 and a 200-day simple moving average (SMA200) of $8.16405.
The stock witnessed a 2.04% gain in the last 1 month and extending the period to 3 months gives it a 0.13%, and is 2.30% 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 1.49% over the week and 1.79% over the month.
Current P/E ratio is 7.59 and Fwd P/E is 32.32. Profit margin for the company is 30.07%. Distance from 52-week low is 7.96% and -11.89% from its 52-week high. The company has generated returns on investments over the last 12 months (9.03%).
with sales reaching $4.24M over the same period.The EPS is expected to grow by 102.02% this year, but quarterly earnings will post 100.82% year-over-year. Quarterly sales are estimated to grow 252.06% in year-over-year returns.
157.0 institutions hold shares in Orchid Island Capital Inc (ORC), with institutional investors hold 29.82% of the company’s shares. The shares outstanding are 78.41M, and float is at 78.20M with Short Float at 10.98%. Institutions hold 29.75% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.43 million shares valued at $45.3 million. The investor’s holdings represent 9.4032 of the ORC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.96 million shares valued at $24.64 million to account for 5.1157 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 1.23 million shares representing 2.1266 and valued at over $10.25 million, while TWO SIGMA INVESTMENTS, LP holds 1.943 of the shares totaling 1.12 million with a market value of $9.36 million.
