It makes sense and dollars to buy Orchid Island Capital Inc (ORC) stock

With 1.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.01 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $7.935 whereas the lowest price it dropped to was $7.875. The 52-week range on ORC shows that it touched its highest point at $9.08 and its lowest point at $7.30 during that stretch. It currently has a 1-year price target of $9.50. With its current market cap of 621.84 million, ORC has annualized dividend of $1.44 while the current yield stands at 18.23%. ORC paid its most recent dividend on 1730332800, while the ex-dividend date for that was 1732838400. Beta for the stock currently stands at 1.83.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ORC was up-trending over the past week, with a rise of 1.15%, but this was up by 0.25% over a month. Three-month performance dropped to -5.05% while six-month performance fell -7.82%. The stock gained 6.04% in the past year, while it has lost -6.29% so far this year. A look at the trailing 12-month EPS for ORC yields 1.05 with Next year EPS estimates of 0.11.

Float and Shares Shorts:

At present, 78.41 million ORC shares are outstanding with a float of 78.20 million shares on hand for trading. On 2024-10-31, short shares totaled 6.81 million, which was 868.0 higher than short shares on 1727654400. In addition to Mr. Robert E. Cauley C.F.A., CPA as the firm’s Chairman, President & CEO, Mr. George Hunter Haas IV serves as its CFO, Chief Investment Officer, Secretary & Director.

Institutional Ownership:

Through their ownership of 0.31254 of ORC’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ORC since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ORC analysts setting a high price target of 9.5 and a low target of 9.5, the average target price over the next 12 months is 9.5. Based on these targets, ORC could surge 20.25% to reach the target high and rise by 20.25% to reach the target low. Reaching the average price target will result in a growth of 20.25% from current levels.

Analysts have provided yearly estimates in a range of -$0.26333 being high and -$0.26333 being low. For ORC, this leads to a yearly average estimate of -$0.26333. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is $0.28 and the low estimate is -$0.05. The average estimate for the next quarter is thus $0.12.