Alert: Positive Investment/Fundamental Signals (7/12/24)-Orchid Island Capital Inc (NYSE: ORC)

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Extremely important positive changes in investment behavior have recently occurred for Orchid Island Capital Inc (NYSE: ORC): the stock rose on very heavy volume, and its longer term price trend turned up.

Orchid Island Capital Inc (NYSE: ORC). Meaningful positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2025 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, ORC is expected to continue to be a modest Value Builder.

Orchid Island Capital has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Orchid Island Capital has a poor Appreciation Score of 30 but a neutral Power Rating of 60, and the Low Neutral Value Trend Rating results.

Recent Price Action

Orchid Island Capital Inc (NYSE: ORC) stock increased 1.0% on 7/12/24. The shares closed at $8.68. Moreover, trading volume in this advance was exceptionally high at 215% of normal. Relative to the market the stock has been strong over the last nine months and has risen 4.2% during the last week.

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