10 Most Undervalued Stocks Under $10 to Buy Right Now

9. Orchid Island Capital, Inc. (NYSE:ORC)

Stock Price: $7.15

Forward P/E: ~7.2x

Number of Hedge Fund Holders: 21

Orchid Island Capital, Inc. (NYSE:ORC) is one of the Most Undervalued Stocks Under $10 to Buy Right Now. On April 23, it announced the results of operations for the 3 months ended March 31, 2026, with the company maintaining a healthy liquidity position of $759.0 million in cash and cash equivalents and unpledged securities, or ~55% of stockholders’ equity as at March 31, 2026.

Orchid Island Capital, Inc. (NYSE:ORC) stated that interest income on the portfolio in Q1 2026 was up ~$25.7 million compared to Q4 2025. The yield on average Agency RMBS rose from 5.57% in Q4 2025 to 5.75% for Q1 2026. Orchid Island Capital, Inc. (NYSE:ORC)’s portfolio continued to grow. During Q1 2026, the company had an average balance of ~$11 billion versus $9.5 billion in Q4 2025.

The company saw a negative 1.3% economic return for the quarter. Its book value decline mitigated the dividend by $0.10 on a per share basis. The decline in book value was because of the widening of mortgages.

Orchid Island Capital, Inc. (NYSE:ORC) is a specialty finance company, which invests on a leveraged basis in Agency RMBS.