Orchid Island Capital Inc (NYSE:ORC) shares, rose in value on Friday, April 26, with the stock price up by 1.85% to the previous day’s close as strong demand from buyers drove the stock to $8.55.
Actively observing the price movement in the recent trading, the stock is buoying the session at $8.39. Referring to stock’s 52-week performance, its high was $11.27, and the low was $5.90. On the whole, ORC has fluctuated by -3.34% over the past month.
The company’s Forward Dividend Ratio is 1.68, with its dividend yield at 19.66%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at -5.81M, with a low estimate of -3.95M and a high estimate of 1.08M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach -2.26M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ORC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ORC currently trading nearly 0.62% and -0.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.72, while the 7-day volatility ratio is showing 2.35% which for the 30-day chart, stands at 2.27%. Furthermore, Orchid Island Capital Inc (ORC)’s beta value is 1.80, and its average true range (ATR) is 0.21.
A comparison of Orchid Island Capital Inc (ORC) with its peers suggests the former has fared considerably weaker in the market. ORC showed an intraday change of 1.85% in today’s session so far, and over the past year, it shrunk by -21.61%%.
Data on historical trading for Orchid Island Capital Inc (NYSE:ORC) indicates that the trading volumes over the past 3 months, they’ve averaged 1.16 million. According to company’s latest data on outstanding shares, there are 52.97 million shares outstanding.
Nearly 0.38% of Orchid Island Capital Inc’s shares belong to company insiders and institutional investors own 33.47% of the company’s shares. The stock has risen by 1.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ORC stock heading into the next quarter.
