Orchid Island Capital Inc (NYSE: ORC) is 8.35% 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 $8.55 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $8.43, the stock is -1.60% and 3.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.58 million and changing -1.40% at the moment leaves the stock 3.30% off its SMA200. ORC registered 0.36% gain for a year compared to 6-month loss of 1.81%.
The stock witnessed a 4.98% gain in the last 1 month and extending the period to 3 months gives it a 6.98%, and is -4.64% 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 1.95% over the week and 2.12% over the month.
Current P/E ratio is 13.91 and Fwd P/E is 19.60. Profit margin for the company is 15.89%. Distance from 52-week low is 13.77% and -7.16% from its 52-week high. The company has generated returns on investments over the last 12 months (5.63%).
with sales reaching $10.31M over the same period.The EPS is expected to grow by 342.59% this year, but quarterly earnings will post 1,162.48% year-over-year. Quarterly sales are estimated to grow 514.06% in year-over-year returns.
Orchid Island Capital Inc (ORC) Top Institutional Holders
The shares outstanding are 93.29M, and float is at 93.04M with Short Float at 4.17%.
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
A total of 0 insider transactions have happened at Orchid Island Capital Inc (ORC) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Orchid Island Capital Inc (ORC): Who are the competitors?
The company’s main competitors (and peers) include Two Harbors Investment Corp. (TWO) that is trading 9.83% up over the past 12 months. Invesco Mortgage Capital Inc. (IVR) that is -3.91% lower over the same period.
