Office Properties Income Trust (NASDAQ:OPI) does about 853.51K shares in volume on a normal day but saw 12272674 shares change hands in the recent trading day. The company now has a market cap of 92.04M USD. Its current market price is $1.65, marking an increase of 44.74% compared to the previous close of $1.14. The 52 week high reached by this stock is $7.53 whilst the lowest price level in 52 weeks is $1.05.
Office Properties Income Trust (OPI) has a 20-day trading average at $1.3780 and the current price is -78.07% off the 52-week high compared with 56.40% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.7870 and its 200-day simple moving average is $2.1811. If we look at the stock’s price movements over the week, volatility stands at 17.87%, which decreases to 10.78% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.29 to suggest the stock is neutral.
The consensus objective for the share price is $3.67, suggesting that the stock has a potential upside of 55.04% over the period.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 07, 2023 when RBC Capital Mkts downgraded the stock to “Underperform” and issued a price target of between $16 and $14.
The current price level is 19.74%, -7.67%, and -24.35% away from its SMA20, SMA50, and SMA200 respectively, with the OPI price moving above the 50-day SMA on current market day. Office Properties Income Trust (OPI) stock is up 36.36% over the week and -13.61% over the past month. Its price is -77.46% year-to-date and -68.51% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of -0.11 above consensus estimates by 0.01. The company’s next earnings report forecasts estimating quarterly EPS at -0.61 and -1.6 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $117.32M.
To reach the target analysts have set, the stock logically needs to grow 55.04 percent from here.
Outstanding shares total 55.78M with insiders holding 2.30% of the shares and institutional holders owning 47.73% of the company’s common stock. The company has a return on investment of -0.54% and return on equity of -1.94%. The beta has a value of 1.08. Price to book ratio is 0.07 and price to sales ratio is 0.18.
