As of Thursday close, Annaly Capital Management Inc.’s (NYSE:NLY) stock was down -$0.09, moving down -0.47 percent to $19.08. The average number of shares traded per day over the past five days has been 3,587,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.92 fall in that time frame. In the last twenty days, the average volume was 3,716,900, while in the previous 50 days, it was 4,030,110.
Since last month, NLY stock retreated -7.06%. Shares of the company fell to $19.00 on 08/17/23, the lowest level in the past month. A 52-week high of $27.12 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 -9.49% or -$2.00, and marked a new high 10 times. However, the stock has declined by -29.65% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.42. Besides these, the trailing price-to-sales (P/S) ratio of 8.01, the price-to-book (PB) ratio of 0.92, and the price-to-cash flow ratio of 4.24 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 1.05, and the total debt-to-equity ratio was 7.07. 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 -19.90%.
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 12.39%, the RSI 9-day stood at 29.24% on 17 August.
With respect to its five-day moving average, the current Annaly Capital Management Inc. price is down by -4.60% percent or -$0.92. At present, NLY shares trade -5.50% below its 20-day simple moving average and +0.79% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.17% below its SMA50 and +3.41% above its SMA200.
Stochastic coefficient K was 6.56% and Stochastic coefficient D was 10.17%, while ATR was 0.37. Given the Stochastic reading of 5.16% for the 14-day period, the RSI (14) reading has been calculated as 36.60%. As of today, the MACD Oscillator reading stands at -0.46, while the 14-day reading stands at -0.53.
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.
