The stock of Orchid Island Capital Inc (ORC) has seen a -3.51% decrease in the past week, with a -1.79% drop in the past month, and a -5.39% decrease in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 1.76% for ORC. The simple moving average for the last 20 days is -2.49% for ORC’s stock, with a simple moving average of 0.75% for the last 200 days.
Is It Worth Investing in Orchid Island Capital Inc (NYSE: ORC) Right Now?
Company’s 36-month beta value is 1.84.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ORC is 66.63M, and currently, short sellers hold a 3.87% ratio of that floaft. The average trading volume of ORC on July 29, 2024 was 1.77M shares.
ORC) stock’s latest price update
Orchid Island Capital Inc (NYSE: ORC)’s stock price has gone rise by 0.12 in comparison to its previous close of 8.24, however, the company has experienced a -3.51% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-07-29 that Orchid Island Capital reported a net loss of 9 cents per share, with book value dropping from $9.12 to $8.58 and a total return margin of -1.97%. The company’s high leverage, share dilution, and overpaying in dividends have led to consistent losses and underperformance for investors. Despite claims of sustainable dividends based on “Adjusted Economic Income per Share,” the long-term history of dividend cuts and poor performance make investing in ORC stock risky.
Analysts’ Opinion of ORC
Many brokerage firms have already submitted their reports for ORC stocks, with Janney repeating the rating for ORC by listing it as a “Buy.” The predicted price for ORC in the upcoming period, according to Janney is $9.50 based on the research report published on June 06, 2024 of the current year 2024.
ORC Trading at -2.73% from the 50-Day Moving Average
After a stumble in the market that brought ORC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.79% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -0.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.49% lower at present.
During the last 5 trading sessions, ORC fell by -2.92%, which changed the moving average for the period of 200-days by +5.20% in comparison to the 20-day moving average, which settled at $8.46. In addition, Orchid Island Capital Inc saw -2.14% 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 ORC starting from Haas G Hunter IV, who purchase 2,194 shares at the price of $8.61 back on Dec 20 ’23. After this action, Haas G Hunter IV now owns 52,450 shares of Orchid Island Capital Inc, valued at $18,879 using the latest closing price.
Haas G Hunter IV, the Chief Financial Officer of Orchid Island Capital Inc, sale 2,194 shares at $8.60 during a trade that took place back on Dec 20 ’23, which means that Haas G Hunter IV is holding 50,256 shares at $18,878 based on the most recent closing price.
Stock Fundamentals for ORC
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.96 for the gross margin
The net margin for Orchid Island Capital Inc stands at -0.12. The total capital return value is set at 0.2. Equity return is now at value -7.31, with -0.79 for asset returns.
Based on Orchid Island Capital Inc (ORC), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 7.82. The interest coverage ratio of the stock is 2.65.
Currently, EBITDA for the company is 162.69 million with net debt to EBITDA at 34.29. When we switch over and look at the enterprise to sales, we see a ratio of 14.17. The receivables turnover for the company is 17.25for trailing twelve months and the total asset turnover is 0.07.
Conclusion
In a nutshell, Orchid Island Capital Inc (ORC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
