Orchid Island Capital Inc. [ORC] is 8.24% higher this YTD. Is it still time to buy?

Orchid Island Capital Inc. [NYSE: ORC] traded at a high on 06/09/21, posting a 0.53 gain after which it closed the day’ session at $5.65. The company report on May 13, 2021 that Orchid Island Capital Announces May 2021 Monthly Dividend and April 30, 2021 RMBS Portfolio Characteristics.

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May 2021 Monthly Dividend of $0.065 Per Share of Common Stock.

RMBS Portfolio Characteristics as of April 30, 2021.

The results of the trading session contributed to over 3789504 shares changing hands. Over the past one week, the price volatility of Orchid Island Capital Inc. stands at 1.22% while the volatility over the past one month is 1.93%.

The market cap for ORC stock reached $531.55 million, with 94.41 million shares outstanding and 94.07 million shares in the current float. Compared to the average trading volume of 2.85M shares, ORC reached a trading volume of 3789504 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Orchid Island Capital Inc. [ORC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ORC shares is $5.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ORC stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Ladenburg Thalmann have made an estimate for Orchid Island Capital Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 30, 2020. The new note on the price target was released on February 17, 2017, representing the official price target for Orchid Island Capital Inc. stock. Previously, the target price had yet another drop from $14.50 to $11.50, while Maxim Group kept a Buy rating on ORC stock. On September 03, 2014, analysts increased their price target for ORC shares from 14 to 14.50.

The Average True Range (ATR) for Orchid Island Capital Inc. is set at 0.10, with the Price to Sales ratio for ORC stock in the period of the last 12 months amounting to 6.16. The Price to Book ratio for the last quarter was 1.03, with the Price to Cash per share for the same quarter was set at 2.25. Price to Free Cash Flow for ORC in the course of the last twelve months was 16.16.

How has ORC stock performed recently?

Orchid Island Capital Inc. [ORC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.54. With this latest performance, ORC shares gained by 3.48% in over the last four-week period, additionally plugging by 5.02% over the last 6 months – not to mention a rise of 17.71% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ORC stock in for the last two-week period is set at 59.11, with the RSI for the last a single of trading hit 67.84, and the three-weeks RSI is set at 54.72 for Orchid Island Capital Inc. [ORC]. The present Moving Average for the last 50 days of trading for this stock 5.60, while it was recorded at 5.57 for the last single week of trading, and 5.44 for the last 200 days.

Orchid Island Capital Inc. [ORC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Orchid Island Capital Inc. [ORC] shares currently have an operating margin of +29.85 and a Gross Margin at +93.04. Orchid Island Capital Inc.’s Net Margin is presently recorded at +2.34.

Return on Total Capital for ORC is now 0.69, given the latest momentum, and Return on Invested Capital for the company is 0.52. Return on Equity for this stock inclined to 0.52, with Return on Assets sitting at 0.05. When it comes to the capital structure of this company, Orchid Island Capital Inc. [ORC] has a Total Debt to Total Equity ratio set at 865.80. Additionally, ORC Total Debt to Total Capital is recorded at 89.65, with Total Debt to Total Assets ending up at 88.60.

Receivables Turnover for the company is 8.08 with a Total Asset Turnover recorded at a value of 0.02.

Earnings analysis for Orchid Island Capital Inc. [ORC]

With the latest financial reports released by the company, Orchid Island Capital Inc. posted 0.73/share EPS, while the average EPS was predicted by analysts to be reported at 0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 265.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ORC.

Insider trade positions for Orchid Island Capital Inc. [ORC]

There are presently around $203 million, or 38.30% of ORC stock, in the hands of institutional investors. The top three institutional holders of ORC stocks are: BLACKROCK INC. with ownership of 8,503,026, which is approximately 19.627% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 4,438,924 shares of the stock with an approximate value of $25.08 million in ORC stocks shares; and INVESCO LTD., currently with $17.94 million in ORC stock with ownership of nearly 36.149% of the company’s market capitalization.

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Positions in Orchid Island Capital Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 72 institutional holders increased their position in Orchid Island Capital Inc. [NYSE:ORC] by around 11,737,151 shares. Additionally, 40 investors decreased positions by around 2,158,479 shares, while 10 investors held positions by with 21,958,675 shares. The mentioned changes placed institutional holdings at 35,854,305 shares, according to the latest SEC report filing. ORC stock had 20 new institutional investments in for a total of 4,946,189 shares, while 18 institutional investors sold positions of 807,412 shares during the same period.

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