Trading Day Triumph: Orchid Island Capital Inc (ORC) Ends at 8.04, a -1.83 Surge/Plunge

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Orchid Island Capital Inc (NYSE: ORC) closed the day trading at $8.04 down -1.83% from the previous closing price of $8.19. In other words, the price has decreased by -$1.83 from its previous closing price. On the day, 2.84 million shares were traded. ORC stock price reached its highest trading level at $8.125 during the session, while it also had its lowest trading level at $8.03.

Ratios:

For a better understanding of ORC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.73. In the meantime, Its Debt-to-Equity ratio is 7.82 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Janney on June 06, 2024, initiated with a Buy rating and assigned the stock a target price of $9.50.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 20 ’23 when Haas G Hunter IV bought 2,194 shares for $8.61 per share. The transaction valued at 18,879 led to the insider holds 52,450 shares of the business.

Haas G Hunter IV sold 2,194 shares of ORC for $18,878 on Dec 20 ’23. The Chief Financial Officer now owns 50,256 shares after completing the transaction at $8.60 per share. On Oct 13 ’23, another insider, Cauley Robert E, who serves as the Chief Executive Officer of the company, bought 15,000 shares for $7.40 each. As a result, the insider paid 111,050 and bolstered with 112,309 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ORC now has a Market Capitalization of 573562368 and an Enterprise Value of 4660448768. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.21 while its Price-to-Book (P/B) ratio in mrq is 0.94. Its current Enterprise Value per Revenue stands at -217.961.

Stock Price History:

Over the past 52 weeks, ORC has reached a high of $10.75, while it has fallen to a 52-week low of $5.90. The 50-Day Moving Average of the stock is -5.00%, while the 200-Day Moving Average is calculated to be -1.84%.

Shares Statistics:

Over the past 3-months, ORC traded about 1.81M shares per day on average, while over the past 10 days, ORC traded about 2259460 shares per day. A total of 71.34M shares are outstanding, with a floating share count of 71.10M. Insiders hold about 0.33% of the company’s shares, while institutions hold 23.22% stake in the company. Shares short for ORC as of 1721001600 were 2578091 with a Short Ratio of 1.43, compared to 1718323200 on 3180319. Therefore, it implies a Short% of Shares Outstanding of 2578091 and a Short% of Float of 3.8699999999999997.

Dividends & Splits

ORC’s forward annual dividend rate is 1.52, up from 1.56 a year ago. Against a Trailing Annual Dividend Yield of 0.19330855The stock’s 5-year Average Dividend Yield is 19.57.

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