As of Friday close, Annaly Capital Management Inc.’s (NYSE:NLY) stock was up $0.39, moving up 2.01 percent to $19.83. The average number of shares traded per day over the past five days has been 4,525,320 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.52 fall in that time frame. In the last twenty days, the average volume was 3,705,995, while in the previous 50 days, it was 4,311,156.
Since last month, NLY stock rose 5.59%. Shares of the company fell to $18.39 on 07/06/23, the lowest level in the past month. A 52-week high of $27.36 was reached on 02/02/23 after having rallying from a 52-week low of $15.11. Since the beginning of this year, NLY’s stock price has dropped by -5.93% or -$1.25, and marked a new high 10 times. However, the stock has declined by -27.52% since its 52-week high.
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Valuation Metrics
The stock’s beta is 1.43. Besides these, the trailing price-to-sales (P/S) ratio of 8.15, the price-to-book (PB) ratio of 0.95, and the price-to-cash flow ratio of 3.27 may also be considered.
The latest dividend of $0.65 per share was paid out, remained unchanged from last year’s $0.65. On Tuesday March 14 2023, a $0.23 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.95, and the total debt-to-equity ratio was 6.90. Based on annual data, NLY earned $1.47 billion in gross profit and brought in $2.78 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.20%. Return on equity (ROE) for the past 12 months was 16.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Annaly Capital Management Inc. to report $0.74 quarterly earnings, the actual figure was $0.72 per share, beating the consensus estimate by -2.70%. The value of shareholders’ equity is $493.91 million.
Technical Picture
This quick technical analysis looks at Annaly Capital Management Inc.’s (NLY) price momentum. With a historical volatility rate of 27.61%, the RSI 9-day stood at 45.49% on 04 August.
With respect to its five-day moving average, the current Annaly Capital Management Inc. price is down by -2.56% percent or -$0.52. At present, NLY shares trade +3.12% above its 20-day simple moving average and +7.25% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.87% above its SMA50 and +16.92% above its SMA200.
Stochastic coefficient K was 17.35% and Stochastic coefficient D was 16.86%, while ATR was 0.46. Given the Stochastic reading of 30.29% for the 14-day period, the RSI (14) reading has been calculated as 47.34%. As of today, the MACD Oscillator reading stands at -0.41, while the 14-day reading stands at -0.47.
Analyst Ratings
Piper Sandler upgraded its rating on Annaly Capital Management Inc. (NYSE: NLY) to an Overweight in a note to investors on May 02, 2023. The analysts firm previously had a Neutral rating on the stock.Annaly Capital Management Inc. (NLY) has been rated Overweight by analysts. According to 0 brokerage firms, NLY is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Annaly Capital Management Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $21.50, the current consensus forecast for the stock is $20.50 – $24.00. Based on these forecasts, analysts predict Annaly Capital Management Inc. (NLY) will achieve an average price target of $21.69.
