Orchid Island Capital Inc (NYSE:ORC) does about 4.02M shares in volume on a normal day but saw 3282120 shares change hands in the recent trading day. The company now has a market cap of 721.11M USD. Its current market price is $6.76, marking a decrease of -1.02% compared to the previous close of $6.83. 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 15.5% 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 -4.13%, -4.00%, and -13.52% 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 -2.31% over the week and -4.52% over the past month. Its price is -13.11% year-to-date and -20.56% over the past year.
To reach the target analysts have set, the stock logically needs to grow 15.5 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 16.79 while the forward price to earnings ratio is 8.58. The beta has a value of 1.47. Price to book ratio is 0.85 and price to sales ratio is 2.69.
