A new trading day began on Tuesday, with Orchid Island Capital Inc (NYSE: ORC) stock price up 0.76% from the previous day of trading, before settling in for the closing price of $7.86. ORC’s price has ranged from $5.90 to $9.08 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 81.57%. With a float of $71.13 million, this company’s outstanding shares have now reached $71.34 million.
In terms of profitability, gross margin is 96.37%, operating margin of 36.41%, and the pretax margin is -11.67%.
Orchid Island Capital Inc (ORC) Insider and Institutional Ownership
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 0.30%, while institutional ownership is 28.28%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 81.57% 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 3.16. Likewise, its price to free cash flow for the trailing twelve months is 9.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.86, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach 0.08 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 1.32 million. That was inferior than the volume of 1.58 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 47.29%. Additionally, its Average True Range was 0.13.
During the past 100 days, Orchid Island Capital Inc’s (ORC) raw stochastic average was set at 32.07%, which indicates a significant decrease from 41.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.86% in the past 14 days, which was lower than the 20.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.11, while its 200-day Moving Average is $8.38. However, in the short run, Orchid Island Capital Inc’s stock first resistance to watch stands at $8.00. Second resistance stands at $8.07. The third major resistance level sits at $8.15. If the price goes on to break the first support level at $7.85, it is likely to go to the next support level at $7.77. The third support level lies at $7.70 if the price breaches the second support level.
Orchid Island Capital Inc (NYSE: ORC) Key Stats
With a market capitalization of 565.01 million, the company has a total of 52,974K Shares Outstanding. Currently, annual sales are 177,570 K while annual income is -39,230 K. The company’s previous quarter sales were 53,060 K while its latest quarter income was -4,980 K.
