The stock of Annaly Capital Management Inc. (NYSE:NLY) decreased by -$0.46 on Monday to finish at $19.41, down -2.32 percent. The last five days have seen an average of 3,143,800 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$1.67. The average number of shares traded over the last 20 days was 3,743,970, while the average volume over the last 50 days totaled 4,015,286.
NLY stock dropped -2.95% since last month. On 08/14/23, the company’s shares reached a one-month low of $19.28. The stock touched a high of $27.36 on 02/02/23, after rallying from a low of $15.11 in 52 weeks. The price of NLY stock has declined by -7.92% or -$1.67 this year, reaching a new high 10 times. Still, the stock price is down -29.06% from the 52-week high.
Valuation Metrics
Beta for the stock is 1.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.15, the price-to-book (PB) ratio of 0.94, and the price-to-cash flow ratio of 4.32.
Company paid $0.65 per share in dividends, remained unchanged from $0.65 last year. A $0.23 dividend decrease was reported on Tuesday March 14 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.05, and the total debt to equity ratio is 7.07. Based on annual data, it had gross profit of $1.47 billion and revenue of $2.78 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NLY’s return on assets (ROA) during the last 12 months has been -2.30%. There was a 2.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -19.90%.
Earnings Surprise
According to Annaly Capital Management Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Annaly Capital Management Inc.’s quarterly earnings would be $0.72, but it ended up being $0.74, beating the consensus by -2.70%. At the end of Annaly Capital Management Inc.’s most recent quarter ended June 29, its total debt was $72.58 billion. Equity owned by shareholders amounts to $493.91 million.
Technical Picture
Here’s a quick look at Annaly Capital Management Inc.’s (NLY) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 35.30%, suggesting the stock is Neutral, with a 20.07% historical volatility rate.
The stochastic %K and %D were 26.64% and 34.53% respectively, while the average true range (ATR) was 0.40. Based on the 14-day stochastic reading of 7.34%, the RSI (14) reading is 40.90%. On the 9-day MACD Oscillator, the stock is at -0.06, and the 14-day reading is at -0.22.
Analyst Ratings
In its most recent analyst report, Piper Sandler raised its rating on Annaly Capital Management Inc. (NYSE: NLY) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Annaly Capital Management Inc. (NLY) an Overweight rating. NLY is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is NLY’s price target for the next 12 months?
The current consensus forecast for the stock is between $20.50 and $24.00, with a median target price of $21.50. In analyzing these forecasts, the average price target given by analysts for Annaly Capital Management Inc. (NLY) is $21.69.
