Orchid Island Capital Inc [NYSE: ORC] gained 0.58% on the last trading session, reaching $6.93 price per share at the time.
If compared to the average trading volume of 3.79M shares, ORC reached a trading volume of 3202631 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 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 $8.00 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 0.28, with the Price to Sales ratio for ORC stock in the period of the last 12 months amounting to 2.73. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 4.67. Price to Free Cash Flow for ORC in the course of the last twelve months was 9.65.
Trading performance analysis for ORC stock
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 8.45. With this latest performance, ORC shares dropped by -14.86% in over the last four-week period, additionally sinking by -13.27% over the last 6 months – not to mention a drop of -16.61% 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 47.10, with the RSI for the last a single of trading hit 55.46, and the three-weeks RSI is set at 43.60 for Orchid Island Capital Inc [ORC]. The present Moving Average for the last 50 days of trading for this stock 7.78, while it was recorded at 6.73 for the last single week of trading, and 7.97 for the last 200 days.
An analysis of Institutional ownership at Orchid Island Capital Inc [ORC]
There are presently around $26.24%, or 26.29%% 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 $$24.64 million in ORC stocks shares; and VANGUARD GROUP INC, currently with $$10.25 million in ORC stock with ownership which is approximately 2.1266%.
