ORC Stock Summary and Trading Ideas (Orchid Island Capital | NYSE:ORC)

Orchid Island Capital Inc invests in residential mortgage-backed securities (RMBS) across the United States. The principal and interest payments of its RMBS are guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or the Government National Mortgage Association, and are backed by single-family residential mortgage loans. The company's investment portfolio is divided into two categories namely traditional pass-through Agency RMBS; and structured Agency RMBS, such as collateralized mortgage obligations, interest-only securities, inverse interest-only securities, and principal-only securities, among other types of structured Agency RMBS.

Orchid Island Capital trades on the NYSE stock market under the symbol ORC.

As of April 26, 2024, ORC stock price climbed to $8.72 with 2,075,770 million shares trading.

ORC has a beta of 2.09, meaning it tends to be more sensitive to market movements. ORC has a correlation of 0.56 to the broad based SPY ETF.

ORC has a market cap of $461.93 million. This is considered a Small Cap stock.

Last quarter Orchid Island Capital reported $-2 million in Revenue and -$.12 earnings per share. This beat revenue expectation by $740,000 and missed earnings estimates by -$.03.

In the last 3 years, ORC stock traded as high as $29.30 and as low as $5.90.

The top ETF exchange traded funds that ORC belongs to (by Net Assets): VTI, IWM, REM, VXF, IWN.

ORC stock has underperformed the market in the last year with a return of -4.2%, while SPY returned +26.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ORC shares. However, ORC has outperformed the market in the last 3 month and 2 week periods, returning +5.0% and +3.0%, while SPY returned +4.5% and -1.9%, respectively. This indicates ORC has been having a stronger performance recently.

ORC support price is $8.23 and resistance is $8.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ORC stock will trade within this expected range on the day.