Orchid Island Capital Inc (NYSE: ORC) is 12.47% 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 $8.77 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $8.75, the stock is 6.35% and 9.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.95 million and changing -0.23% at the moment leaves the stock 7.36% off its SMA200. ORC registered 9.10% gain for a year compared to 6-month loss of 8.56%.
The stock witnessed a 10.34% gain in the last 1 month and extending the period to 3 months gives it a 12.32%, and is 5.04% 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 1.74% over the week and 2.01% over the month.
Current P/E ratio is 14.44 and Fwd P/E is 20.35. Profit margin for the company is 15.44%. Distance from 52-week low is 18.08% and -3.63% from its 52-week high. The company has generated returns on investments over the last 12 months (5.74%).
The EPS is expected to grow by 342.59% this year.
Orchid Island Capital Inc (ORC) Top Institutional Holders
The shares outstanding are 82.62M, and float is at 78.18M with Short Float at 7.99%.
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.
Orchid Island Capital Inc (ORC) Insider Activity
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