Annaly Capital Management Inc. (NYSE:NLY) finished Thursday with a subtraction of -$0.1 to close at $19.56, a downside of -0.53 percent. An average of 2,556,682 shares of common stock have been traded in the last five days. There was a gain of $0.45 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,341,156 shares traded, while the 50-day average volume stands at 3,802,216.
NLY stock has decreased by -2.57% in the last month. The company shares reached their 1-month lowest point of $18.86 on 08/21/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $15.11 and a high of $27.04 in 52 weeks. It has reached a new high 10 times so far this year and lost -7.23% or -$1.53 in price. In spite of this, the price is down -27.68% from the 52-week high.
Valuation Metrics
Annaly Capital Management Inc. (NLY) stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.14, the price-to-book (PB) ratio at 0.94, and the price-to-cash flow ratio at 4.32.
The company has a payout ratio of 93.17%. The company’s most recent quarterly dividend payment was $0.65 a share, without any change from last year. Its latest decrease dividend $0.23 reported on Tuesday March 14 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.05 and a total debt to equity ratio of 7.07 for the quarter ending June 29. Its gross profit as reported stood at $1.47 billion compared to revenue of $2.78 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Annaly Capital Management Inc.’s return on assets was -2.30%.
Earnings Surprise
The analyst consensus anticipated Annaly Capital Management Inc.’s latest quarter earnings to come in at $0.74 per share, but it turned out to be $0.72, a -2.70% surprise. At the end of the quarter ending June 29, Annaly Capital Management Inc.’s stock balance sheet showed total debt was $72.58 billion. Shareholders own equity worth $493.91 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Annaly Capital Management Inc. (NLY) price momentum. RSI 9-day as of the close on 24 August was 50.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.83%.
As of today, NLY’s price is $19.36 +2.36% or $0.45 from its 5-day moving average. NLY is currently trading -3.93% lower than its 20-day SMA and +3.71% higher than its 100-day SMA. However, the stock’s current price level is -5.33% below the SMA50 and +4.99% above the SMA200.
The stochastic %K and %D were 57.44% and 41.55%, respectively, and the average true range (ATR) was 0.37. With the 14-day stochastic at 54.55% and the average true range at 0.38, the RSI (14) stands at 48.29%. The stock has reached 0.32 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.
Analyst Ratings
Piper Sandler upgraded Annaly Capital Management Inc. (NYSE: NLY) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Annaly Capital Management Inc. (NLY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NLY, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is NLY’s price target for the next 12 months?
Analysts predict a range of price targets between $20.50 and $24.00, with a median target of $21.50. Taking a look at these predictions, the average price target given by analysts for Annaly Capital Management Inc. (NLY) stock is $21.69.
