Orchid Island Capital Inc (NYSE: ORC) is -12.62% 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 $7.17 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $7.27, the stock is 2.84% and 2.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.04 million and changing 1.39% at the moment leaves the stock -5.23% off its SMA200. ORC registered -6.56% loss for a year compared to 6-month loss of -8.32%. The firm has a 50-day simple moving average (SMA 50) of $7.0612 and a 200-day simple moving average (SMA200) of $7.6714.
The stock witnessed a 4.76% gain in the last 1 month and extending the period to 3 months gives it a 16.88%, and is 3.27% 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 1.44% over the week and 1.65% over the month.
Current P/E ratio is 18.05 and Fwd P/E is 8.71. Profit margin for the company is 13.07%. Distance from 52-week low is 27.88% and -19.27% 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 438.89% this year
188.0 institutions hold shares in Orchid Island Capital Inc (ORC), with institutional investors hold 31.11% of the company’s shares. The shares outstanding are 107.79M, and float is at 106.41M with Short Float at 4.40%. Institutions hold 31.05% 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.
