Orchid Island Capital Inc (NYSE:ORC) does about 4.10M shares in volume on a normal day but saw 6462544 shares change hands in the recent trading day. The company now has a market cap of 750.98M USD. Its current market price is $4099999.9999999995, marking an increase of 6462544% compared to the previous close of $7.05. The 52 week high reached by this stock is $9.01 whilst the lowest price level in 52 weeks is $5.68.
The consensus objective for the share price is $8.00, suggesting that the stock has a potential downside of -51249900.0% over the period.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 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 Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 06, 2024 when Janney initiated the stock to “Buy” and issued a price target of $9.50.
The current price level is 0.93%, 1.56%, and -9.04% away from its SMA20, SMA50, and SMA200 respectively, with the ORC price moving above the 50-day SMA on current market day. Orchid Island Capital Inc (ORC) stock is down -0.85% over the week and -1.68% over the past month. Its price is -17.27% year-to-date and -9.51% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.12 and 0.53 for whole year. Expected sales for next quarter are $24.59M, which analysts say will come at $94.16M for the current fiscal year and next year at $125.54M. In addition, estimates put the company’s current quarterly revenue at an average of $23.25M.
To reach the target analysts have set, the stock logically needs to shrink -51249900.0 percent from here.
The company has a return on investment of 4.09% and return on equity of 5.23%. The price to earnings ratio (P/E ratio) amounts to 17.48 while the forward price to earnings ratio is 8.94. The beta has a value of 1.47. Price to book ratio is 0.89 and price to sales ratio is 2.80.
