Orchid Island Capital Inc (NYSE: ORC) is -16.08% 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 $7.06 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $7.2, the stock is 1.38% and 2.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.43 million and changing 1.98% at the moment leaves the stock -5.56% off its SMA200. ORC registered -7.46% loss for a year compared to 6-month loss of -10.11%. The firm has a 50-day simple moving average (SMA 50) of $7.0582 and a 200-day simple moving average (SMA200) of $7.62395.
The stock witnessed a 2.27% gain in the last 1 month and extending the period to 3 months gives it a 11.28%, and is 2.56% 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 1.88% over the week and 1.67% over the month.
Current P/E ratio is 17.88 and Fwd P/E is 7.42. Profit margin for the company is 13.07%. Distance from 52-week low is 26.65% and -20.04% from its 52-week high. The company has generated returns on investments over the last 12 months (4.09%).
with sales reaching $23.25M over the same period.The EPS is expected to grow by 474.07% this year, but quarterly earnings will post 1,677.90% year-over-year. Quarterly sales are estimated to grow 3,436.37% in year-over-year returns.
Orchid Island Capital Inc (ORC) Top Institutional Holders
192.0 institutions hold shares in Orchid Island Capital Inc (ORC), with institutional investors hold 30.15% of the company’s shares. The shares outstanding are 107.79M, and float is at 106.41M with Short Float at 5.99%. Institutions hold 30.09% 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.
