At the end of the latest market close, Orchid Island Capital Inc. (ORC) was valued at $5.79. In that particular session, Stock kicked-off at the price of $5.79 while reaching the peak value of $5.86 and lowest value recorded on the day was $5.76. The stock current value is $5.76.
Recently in News on March 3, 2021, Orchid Island Capital, Inc. Announces Pricing of Public Offering of Common Stock. Orchid Island Capital, Inc. (NYSE:ORC) (the “Company”) announced today that it priced an underwritten public offering of 8,000,000 shares of its common stock for gross proceeds of approximately $44.4 million. The Company also granted the underwriter a 30-day option to purchase up to an additional 1,200,000 shares of common stock. The offering is expected to close on March 5, 2021, subject to customary closing conditions. J.P. Morgan acted as sole bookrunning manager for the offering. You can read further details here
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Orchid Island Capital Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.91 on 02/24/21, with the lowest value was $5.06 for the same time period, recorded on 01/04/21.
Orchid Island Capital Inc. (ORC) full year performance was -3.50%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Orchid Island Capital Inc. shares are logging -7.18% during the 52-week period from high price, and 276.14% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.53 and $6.20.
The company’s shares, operating in the sector of Real Estate managed to top a trading volume set approximately around 2031718 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Orchid Island Capital Inc. (ORC) recorded performance in the market was 10.92%, having the revenues showcasing 5.66% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 485.14M.
Specialists analysis on Orchid Island Capital Inc. (ORC)
During the last month, 1 analysts gave the Orchid Island Capital Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 5.39, with a change in the price was noted +0.64. In a similar fashion, Orchid Island Capital Inc. posted a movement of +12.52% for the period of last 100 days, recording 1,544,154 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ORC is recording 8.71 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Trends and Technical analysis: Orchid Island Capital Inc. (ORC)
Raw Stochastic average of Orchid Island Capital Inc. in the period of last 50 days is set at 80.63%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 75.19%. In the last 20 days, the company’s Stochastic %K was 79.98% and its Stochastic %D was recorded 78.56%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 10.92%. Additionally, trading for the stock in the period of the last six months notably improved by 12.43%, alongside a downfall of -3.50% for the period of the last 12 months. The shares increased approximately by 1.05% in the 7-day charts and went down by 11.99% in the period of the last 30 days. Common stock shares were driven by 5.66% during last recorded quarter.