Office Properties Income Trust (NASDAQ:OPI) price on Thursday, May 22, rose 9.53% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.20.
A look at the stock’s price movement, the close in the last trading session was $0.18. Turning to its 52-week performance, $3.02 and $0.17 were the 52-week high and 52-week low respectively. Overall, OPI moved -43.39% over the past month.
Office Properties Income Trust’s market cap currently stands at around $14.18 million, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.04, with its dividend yield at 20.00%. 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 OPI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend OPI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OPI’s current price about -29.85% and -50.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 26.53, while 7-day volatility ratio is 9.03% and 6.12% in the 30-day chart. Further, Office Properties Income Trust (OPI) has a beta value of 1.52, and an average true range (ATR) of 0.03.
If we refocus on Office Properties Income Trust (NASDAQ:OPI), historical trading data shows that trading volumes averaged 876.38K over the past 3 months. The company’s latest data on shares outstanding shows there are 70.06 million shares.
The 1.87% of Office Properties Income Trust’s shares are in the hands of company insiders while institutional holders own 40.82% of the company’s shares. Current price change has pushed the stock -80.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OPI stock continues to rise going into the next quarter.
