Office Properties Income Trust (NASDAQ:OPI) is 0.82 points higher today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has climbed by nearly 2.43% to $34.52 from its previous close of $33.7. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 112098 contracts so far this session. OPI shares had a relatively better volume day versus average trading capacity of 232.86 thousand shares, but with a 47.38 million float and a 4.17% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for OPI stock indicates that the average analyst price target is $33.25 per share. This means the stock has a potential decrease of -3.68% from where the OPI share price has been trading recently.
During the recent trading session for Office Properties Income Trust (NASDAQ:OPI), the company witnessed their stock rise $1.87 over a week and surge $3.55 from the price 20 days ago. When compared to their established 52-week high of $34.71, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 11/12/19. The recent low of $23.36 stood for a -0.55% since 11/06/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.64 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Office Properties Income Trust, the two-week RSI stands at 70.77. This figure suggests that OPI stock, for now, is oversold, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current OPI readings is similarly very revealing as it has a stochastic reading of 96.75% at this stage. This figure means that OPI share price today is being oversold.
Technical chart claims that Office Properties Income Trust (OPI) would settle between $33.97/share to $34.23/share level. However, if the stock price goes below the $33.36 mark, then the market for Office Properties Income Trust becomes much weaker. If that happens, the stock price might even plunge as low as $33.01 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 1.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Morgan Stanley lowered their recommendation on shares of OPI from Overweight to Underweight in their opinion released on December 13. RBC Capital Mkts analysts bumped their rating on Office Properties Income Trust (NASDAQ:OPI) stock from Underperform to Sector Perform in a separate flash note issued to investors on June 28. Analysts at Jefferies released an upgrade from Underperform to Hold for the stock, in a research note that dated back to May 08.
OPI equity has an average rating of 2.6, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated Office Properties Income Trust (NASDAQ:OPI) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, OPI stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 24.5. Office Properties Income Trust current P/B ratio of 1 means it is trading at a discount against its industry’s 2.2.
Office Properties Income Trust (OPI)’s current-quarter revenues are projected to climb by nearly 55.3% to hit $160990, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 58.6% from $426560 to a noteworthy $676480. At the other end of the current quarter income statement, Office Properties Income Trust is expected to see its adjusted earnings surge by roughly 91.3% to hit $-0.2 per share. For the fiscal year, OPI’s earnings are projected to climb by roughly 55.6% to hit $-0.4 per share.