Orion Office REIT Inc (NYSE:ONL) price on Friday, May 10, rose 4.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.56.
A look at the stock’s price movement, the level at last check in today’s session was $3.40. Turning to its 52-week performance, $6.94 and $3.01 were the 52-week high and 52-week low respectively. Overall, ONL moved 10.22% over the past month.
Orion Office REIT Inc’s market cap currently stands at around $198.79 million. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 5.62%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ONL is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
ONL’s current price about 9.44% and 6.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.21, while 7-day volatility ratio is 4.08% and 4.03% in the 30-day chart. Further, Orion Office REIT Inc (ONL) has a beta value of 0.91, and an average true range (ATR) of 0.16.
If we refocus on Orion Office REIT Inc (NYSE:ONL), historical trading data shows that trading volumes averaged 495.91K over the past 3 months. The company’s latest data on shares outstanding shows there are 55.78 million shares.
The 4.48% of Orion Office REIT Inc’s shares are in the hands of company insiders while institutional holders own 81.16% of the company’s shares. Current price change has pushed the stock -37.76% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ONL stock continues to rise going into the next quarter.
