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Business Wire (Wed, 8-May 4:06 PM ET)
Orchid Island Capital Announces First Quarter 2024 Results
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Orchid Island Capital to Announce First Quarter 2024 Results
Business Wire (Thu, 4-Apr 4:22 PM ET)
Business Wire (Wed, 13-Mar 4:52 PM ET)
Business Wire (Wed, 14-Feb 4:50 PM ET)
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 May 13, 2024, ORC stock price climbed to $8.58 with 3,396,157 million shares trading.
ORC has a beta of 2.04, meaning it tends to be more sensitive to market movements. ORC has a correlation of 0.57 to the broad based SPY ETF.
ORC has a market cap of $454.52 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, SRET.
ORC has underperformed the market in the last year with a price return of +2.4% while the SPY ETF gained +27.8%. However, in the short term, ORC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.5% vs +4.3% return in SPY. But in the last 2 weeks, ORC shares have been beat by the market, returning +1.2% compared to an SPY return of +2.5%.
ORC support price is $8.37 and resistance is $8.69 (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.