Orchid Island Capital Inc (ORC) Is Now En Route to Higher Prices

Orchid Island Capital Inc (NYSE: ORC) is -7.97% lower on its value in year-to-date trading and has touched a low of $5.68 and a high of $9.01 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 ORC stock was last observed hovering at around $7.18 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $7.16, the stock is 0.36% and -1.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.99 million and changing -0.28% at the moment leaves the stock -8.89% off its SMA200. ORC registered -17.32% loss for a year compared to 6-month loss of -7.73%.

The stock witnessed a 10.66% gain in the last 1 month and extending the period to 3 months gives it a -19.19%, and is -1.24% 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 1.61% over the week and 2.28% over the month.

Current P/E ratio is 17.78 and Fwd P/E is 9.09. Profit margin for the company is 13.07%. Distance from 52-week low is 25.95% and -20.49% from its 52-week high. The company has generated returns on investments over the last 12 months (4.09%).

The EPS is expected to grow by 434.72% this year.

Orchid Island Capital Inc (ORC) Top Institutional Holders

The shares outstanding are 107.79M, and float is at 106.42M with Short Float at 6.54%.

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.