The stock of ARMOUR Residential REIT Inc. (NYSE:ARR) decreased by -$0.18 on Monday to finish at $4.88, down -3.56 percent. The last five days have seen an average of 7,608,440 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$0.75. The average number of shares traded over the last 20 days was 7,133,805, while the average volume over the last 50 days totaled 7,405,912.
ARR stock dropped -2.98% since last month. On 08/14/23, the company’s shares reached a one-month low of $4.87. The stock touched a high of $7.70 on 02/02/23, after rallying from a low of $4.38 in 52 weeks. The price of ARR stock has declined by -13.32% or -$0.75 this year, reaching a new high 11 times. Still, the stock price is down -36.62% from the 52-week high.
Insider Transactions
ARR stock investors should be aware that ARMOUR Residential REIT Inc. (ARR) stock had its last reported insider trading activity 236 days ago on Dec 22. On Dec 22, Co-CEO and President Zimmer Jeffrey J sold 33,378 shares at $5.82 each. This transaction resulted in the insider making $194,313.
Valuation Metrics
Beta for the stock is 1.22. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.82, the price-to-book (PB) ratio of 0.76, and the price-to-cash flow ratio of 4.58.
Company paid $0.08 per share in dividends, remained unchanged from $0.08 last year. A $0.02 dividend decrease was reported on Wednesday February 15 2023.
Financial Health
As far as profitability goes, gross margin for the trailing twelve months is -16.70% percent. Based on annual data, it had gross profit of $182.8 million and revenue of $228.43 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ARR’s return on assets (ROA) during the last 12 months has been -0.90%. In the meantime, the return on equity (ROE) for the last 12 months was -9.20%.
Earnings Surprise
According to ARMOUR Residential REIT 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 ARMOUR Residential REIT Inc.’s quarterly earnings would be $0.23, but it ended up being $0.24, beating the consensus by -4.20%. EBITDA was $124.25 million for the quarter. At the end of ARMOUR Residential REIT Inc.’s most recent quarter ended June 29, its total debt was $9.13 billion. Equity owned by shareholders amounts to $228.31 million.
Technical Picture
Here’s a quick look at ARMOUR Residential REIT Inc.’s (ARR) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 27.46%, suggesting the stock is oversold, with a 21.89% historical volatility rate.
The stochastic %K and %D were 11.18% and 17.76% respectively, while the average true range (ATR) was 0.10. Based on the 14-day stochastic reading of 1.96%, the RSI (14) reading is 35.00%. On the 9-day MACD Oscillator, the stock is at -0.06, and the 14-day reading is at -0.09.
Analyst Ratings
In a note to investors, B. Riley Securities maintained its a Neutral rating on ARMOUR Residential REIT Inc. (NYSE: ARR). However, the firm raised their price target to $9.50, indicating a possible increase of 55.64% in the stock price.
