Orchid Island Capital Inc [NYSE: ORC] price plunged by -5.15 percent to reach at -$0.43.
The one-year ORC stock forecast points to a potential upside of 16.63. The average equity rating for ORC stock is currently 2.50, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $9.50 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.
Janney have made an estimate for Orchid Island Capital Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 06, 2024. The new note on the price target was released on August 08, 2022, representing the official price target for Orchid Island Capital Inc stock.
The Average True Range (ATR) for Orchid Island Capital Inc is set at 0.14, with the Price to Sales ratio for ORC stock in the period of the last 12 months amounting to 3.16. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 4.98. Price to Free Cash Flow for ORC in the course of the last twelve months was 9.58.
ORC Stock Performance Analysis:
Orchid Island Capital Inc [ORC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.92. With this latest performance, ORC shares dropped by -2.82% in over the last four-week period, additionally sinking by -11.51% over the last 6 months – not to mention a drop of -11.31% 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 33.61, with the RSI for the last a single of trading hit 26.37, and the three-weeks RSI is set at 38.10 for Orchid Island Capital Inc [ORC]. The present Moving Average for the last 50 days of trading for this stock 8.22, while it was recorded at 8.26 for the last single week of trading, and 8.41 for the last 200 days.
ORC Stock EPS
With the latest financial reports released by the company, Orchid Island Capital Inc posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at -0.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.06. 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.
Orchid Island Capital Inc [ORC] Institutonal Ownership Details
There are presently around $26.66%, or 26.73%% of ORC stock, in the hands of institutional investors. The top three institutional holders of ORC stocks are: BLACKROCK INC. with ownership of 5.43 million shares, which is approximately 9.4032%. VANGUARD GROUP INC, holding 2.96 million shares of the stock with an approximate value of $$24.64 million in ORC stocks shares; and VANGUARD GROUP INC, currently with $$9.36 million in ORC stock with ownership which is approximately 1.943%.
