Orchid Island Capital Inc (ORC)’s latest performance is not what we had anticipated

A new trading day began on Tuesday, with Orchid Island Capital Inc (NYSE: ORC) stock price down -1.80% from the previous day of trading, before settling in for the closing price of $8.90. ORC’s price has ranged from $5.90 to $11.27 over the past 52 weeks.

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A company in the Real Estate sector has jumped its sales by 248.35% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 61.28%. With a float of $51.11 million, this company’s outstanding shares have now reached $51.64 million.

Orchid Island Capital Inc (ORC) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Mortgage Industry. The insider ownership of Orchid Island Capital Inc is 0.38%, while institutional ownership is 34.60%. The most recent insider transaction that took place on Dec 20 ’23, was worth 18,879. In this transaction Chief Financial Officer of this company bought 2,194 shares at a rate of $8.61, taking the stock ownership to the 52,450 shares. Before that another transaction happened on Dec 20 ’23, when Company’s Chief Financial Officer sold 2,194 for $8.60, making the entire transaction worth $18,878. This insider now owns 50,256 shares in total.

Orchid Island Capital Inc (ORC) Performance Highlights and Predictions

In its latest quarterly report, released on 12/30/2023, the company reported earnings of $1.16 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 61.28% per share during the next fiscal year.

Orchid Island Capital Inc (NYSE: ORC) Trading Performance Indicators

Here are Orchid Island Capital Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.89. Likewise, its price to free cash flow for the trailing twelve months is 56.05.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.81, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach 0.39 in one year’s time.

Technical Analysis of Orchid Island Capital Inc (ORC)

Let’s dig in a bit further. During the last 5-days, its volume was 1.33 million. That was better than the volume of 1.18 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 49.27%. Additionally, its Average True Range was 0.18.

During the past 100 days, Orchid Island Capital Inc’s (ORC) raw stochastic average was set at 85.53%, which indicates a significant increase from 39.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.50% in the past 14 days, which was lower than the 32.03% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.52, while its 200-day Moving Average is $8.69. However, in the short run, Orchid Island Capital Inc’s stock first resistance to watch stands at $8.85. Second resistance stands at $8.97. The third major resistance level sits at $9.03. If the price goes on to break the first support level at $8.67, it is likely to go to the next support level at $8.61. Assuming the price breaks the second support level, the third support level stands at $8.49.

Orchid Island Capital Inc (NYSE: ORC) Key Stats

With a market capitalization of 448.36 million, the company has a total of 51,303K Shares Outstanding. Currently, annual sales are 177,570 K while annual income is -39,230 K. The company’s previous quarter sales were 49,540 K while its latest quarter income was 27,130 K.