Orchid Island Capital (ORC) : During the past 4 weeks, traders have been relatively bearish on Orchid Island Capital (ORC), hence the stock is down -6.08% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.51% relative to the S&P 500. The 4-week change in the price of the stock is -6.27% and the stock has fallen -3.15% in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.81% and the fifty day Moving Average is 0.04%. Orchid Island Capital, Inc. is up 5.11% in the last three month period. Year-to-Date the stock performance stands at 17.58%.
Orchid Island Capital (ORC) : The highest level Orchid Island Capital (ORC) is projected to reach is $11 for the short term and the lowest estimate is at $11. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $11 and the possibility the share price can swing is $0.
Orchid Island Capital (NYSE:ORC): On Fridays trading session , Opening price of the stock was $10.72 with an intraday high of $10.72. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.39. However, the stock managed to close at $10.46, a loss of 2.24% for the day. On the previous day, the stock had closed at $10.7. The total traded volume of the day was 546,593 shares.
Orchid Island Capital, Inc. (Orchid) is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Companys business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. The Companys portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS and structured Agency RMBS, such as collateralized mortgage obligations (CMOs), interest only securities (IOs), inverse interest only securities (IIOs) and principal only securities (POs), among other types of structured Agency RMBS. The Company is managed and advised by Bimini Advisors, LLC.