Orion Office REIT Inc (NYSE: ONL)’s stock price has gone rise by 3.55 in comparison to its previous close of 3.35, however, the company has experienced a 2.02% increase in its stock price over the last five trading days. InvestorPlace reported 2024-05-06 that This year, the stock market adage “sell in May and go away” may hold very true, especially when it comes to the real estate investment trusts (REITs) best categorized as REITs to sell. These are the REITs that are facing the greatest challenges from the two major factors affecting the sector.
Is It Worth Investing in Orion Office REIT Inc (NYSE: ONL) Right Now?
ONL has 36-month beta value of 0.90. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ONL is 53.28M, and currently, short sellers hold a 2.34% ratio of that float. The average trading volume of ONL on May 09, 2024 was 484.77K shares.
ONL’s Market Performance
The stock of Orion Office REIT Inc (ONL) has seen a 2.02% increase in the past week, with a 9.77% rise in the past month, and a -28.63% fall in the past quarter. The volatility ratio for the week is 4.00%, and the volatility levels for the past 30 days are at 4.08% for ONL. The simple moving average for the past 20 days is 6.91% for ONL’s stock, with a -28.42% simple moving average for the past 200 days.
ONL Trading at 3.57% from the 50-Day Moving Average
After a stumble in the market that brought ONL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.99% of loss for the given period.
Volatility was left at 4.08%, however, over the last 30 days, the volatility rate increased by 4.00%, as shares surge +6.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.79% lower at present.
During the last 5 trading sessions, ONL rose by +0.88%, which changed the moving average for the period of 200-days by -47.71% in comparison to the 20-day moving average, which settled at $3.25. In addition, Orion Office REIT Inc saw -39.36% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ONL starting from Day Christopher Haviland, who purchase 2,000 shares at the price of $5.57 back on May 12 ’23. After this action, Day Christopher Haviland now owns 40,987 shares of Orion Office REIT Inc, valued at $11,138 using the latest closing price.
Stock Fundamentals for ONL
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.55 for the gross margin
The net margin for Orion Office REIT Inc stands at -0.29. The total capital return value is set at -0.01. Equity return is now at value -6.16, with -3.83 for asset returns.
Based on Orion Office REIT Inc (ONL), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is -0.56.
Currently, EBITDA for the company is 115.54 million with net debt to EBITDA at 3.92. When we switch over and look at the enterprise to sales, we see a ratio of 3.32. The receivables turnover for the company is 6.88for trailing twelve months and the total asset turnover is 0.14.
Conclusion
To put it simply, Orion Office REIT Inc (ONL) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
