Orchid Island Capital Inc (NYSE:ORC) does about 3.97M shares in volume on a normal day but saw 4175332 shares change hands in the recent trading day. The company now has a market cap of 746.71M USD. Its current market price is $7.00, marking an increase of 1.16% compared to the previous close of $6.92. 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 upside of 12.5% 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 -1.38%, -2.17%, and -10.70% 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 -2.51% over the week and -3.85% over the past month. Its price is -10.03% year-to-date and -18.79% 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 grow 12.5 percent from here.
Outstanding shares total 107.79M with insiders holding 0.20% of the shares and institutional holders owning 34.49% of the company’s common stock. 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 17.38 while the forward price to earnings ratio is 8.89. The beta has a value of 1.50. Price to book ratio is 0.88 and price to sales ratio is 2.79.
