Things appear to be looking up for Orion Office REIT Inc (ONL)

Orion Office REIT Inc (NYSE: ONL) is -32.61% lower on its value in year-to-date trading and has touched a low of $2.56 and a high of $4.32 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 $2.72 in the last trading session, with the day’s loss setting it -0.22%.

Currently trading at $2.50, the stock is -36.20% and -36.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.76 million and changing -8.09% at the moment leaves the stock -34.46% off its SMA200. ONL registered -17.76% loss for a year compared to 6-month gain of -36.08%.

The stock witnessed a -38.88% loss in the last 1 month and extending the period to 3 months gives it a -38.73%, and is -39.32% 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 11.08% over the week and 4.50% over the month.

Orion Office REIT Inc (ONL) has around 40 employees, a market worth around $140.27M and $165.06M in sales. Profit margin for the company is -62.41%. Distance from 52-week low is -2.36% and -42.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.08%).

Orion Office REIT Inc (ONL) Top Institutional Holders

The shares outstanding are 55.95M, and float is at 55.14M with Short Float at 1.05%.

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 9.1612 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.