Office Properties Income Trust [NASDAQ: OPI] loss -19.29% or -0.38 points to close at $1.59 with a heavy trading volume of 4952595 shares.
The daily chart for OPI points out that the company has recorded -37.89% loss over the past six months.
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If we look at the average trading volume of 604.92K shares, OPI reached to a volume of 4952595 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Office Properties Income Trust [OPI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OPI shares is $4.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OPI stock is a recommendation set at 3.00. 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.
RBC Capital Mkts have made an estimate for Office Properties Income Trust shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on March 07, 2023. While these analysts kept the previous recommendation, JMP Securities raised their target price to Mkt Perform. The new note on the price target was released on June 08, 2020, representing the official price target for Office Properties Income Trust stock.
The Average True Range (ATR) for Office Properties Income Trust is set at 0.12, with the Price to Sales ratio for OPI stock in the period of the last 12 months amounting to 0.16. The Price to Book ratio for the last quarter was 0.06, with the Price to Cash per share for the same quarter was set at 0.64.
Trading performance analysis for OPI stock
Office Properties Income Trust [OPI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.19. With this latest performance, OPI shares dropped by -23.56% in over the last four-week period, additionally sinking by -37.89% over the last 6 months – not to mention a drop of -64.59% 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 OPI stock in for the last two-week period is set at 23.94, with the RSI for the last a single of trading hit 19.46, and the three-weeks RSI is set at 29.04 for Office Properties Income Trust [OPI]. The present Moving Average for the last 50 days of trading for this stock 2.1006, while it was recorded at 1.8440 for the last single week of trading, and 2.3819 for the last 200 days.
Office Properties Income Trust [OPI]: An earnings per share (EPS) analysis
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 OPI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Office Properties Income Trust go to 5.00%.
An analysis of Institutional ownership at Office Properties Income Trust [OPI]
There are presently around $53.07%, or 54.38%% of OPI stock, in the hands of institutional investors. The top three institutional holders of OPI stocks are: VANGUARD GROUP INC with ownership of 4.81 million shares, which is approximately 9.9269%. CASTLEKNIGHT MANAGEMENT LP, holding 2.25 million shares of the stock with an approximate value of $$4.59 million in OPI stocks shares; and CASTLEKNIGHT MANAGEMENT LP, currently with $$4.57 million in OPI stock with ownership which is approximately 4.6203%.
