The stock of Office Properties Income Trust (NASDAQ: OPI) has increased by 12.11 when compared to last closing price of 2.56.Despite this, the company has seen a gain of 42.79% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-02 that Office Properties Income Trust (NASDAQ:OPI ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Kevin Barry – Senior Director, Investor Relations Yael Duffy – President and Chief Operating Officer Brian Donley – Chief Financial Officer and Treasurer Conference Call Participants Operator Good morning and welcome to Office Properties Income Trust’s First Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode.
Is It Worth Investing in Office Properties Income Trust (NASDAQ: OPI) Right Now?
The 36-month beta value for OPI is also noteworthy at 1.13. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for OPI is 47.71M, and at present, short sellers hold a 17.22% of that float. The average trading volume of OPI on May 06, 2024 was 1.27M shares.
OPI’s Market Performance
OPI’s stock has seen a 42.79% increase for the week, with a 51.85% rise in the past month and a -20.50% fall in the past quarter. The volatility ratio for the week is 12.46%, and the volatility levels for the past 30 days are at 8.27% for Office Properties Income Trust The simple moving average for the past 20 days is 42.50% for OPI’s stock, with a -39.07% simple moving average for the past 200 days.
Analysts’ Opinion of OPI
Many brokerage firms have already submitted their reports for OPI stocks, with RBC Capital Mkts repeating the rating for OPI by listing it as a “Underperform.” The predicted price for OPI in the upcoming period, according to RBC Capital Mkts is $14 based on the research report published on March 07, 2023 of the previous year 2023.
OPI Trading at 32.70% from the 50-Day Moving Average
After a stumble in the market that brought OPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.39% of loss for the given period.
Volatility was left at 8.27%, however, over the last 30 days, the volatility rate increased by 12.46%, as shares surge +55.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.75% lower at present.
During the last 5 trading sessions, OPI rose by +42.79%, which changed the moving average for the period of 200-days by -66.67% in comparison to the 20-day moving average, which settled at $2.07. In addition, Office Properties Income Trust saw -60.79% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OPI
Current profitability levels for the company are sitting at:
- 0.63 for the present operating margin
- 0.77 for the gross margin
The net margin for Office Properties Income Trust stands at -0.14. The total capital return value is set at 0.09. Equity return is now at value -5.70, with -1.87 for asset returns.
Based on Office Properties Income Trust (OPI), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 2.06. The interest coverage ratio of the stock is 6.77.
Currently, EBITDA for the company is 312.37 million with net debt to EBITDA at 8.03. When we switch over and look at the enterprise to sales, we see a ratio of 4.97. The receivables turnover for the company is 3.93for trailing twelve months and the total asset turnover is 0.14.
Conclusion
In summary, Office Properties Income Trust (OPI) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
