Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Orchid Island Capital Inc (NYSE: ORC) weakened of late. ORC’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 7/29/24, Orchid Island Capital Inc (NYSE: ORC) stock declined modestly by -1.1%, closing at $8.15. Moreover, unusually high trading volume at 162% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -3.9% during the last week.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Orchid Island Capital has a slightly negative Appreciation Score of 32 and a neutral Power Rating of 50, resulting in the Negative Value Trend Rating.
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