ARMOUR Residential REIT Inc. (NYSE:ARR) finished Thursday with an addition of $0.02 to close at $4.82, an upside of 0.42 percent. An average of 5,110,000 shares of common stock have been traded in the last five days. There was a gain of $0.13 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 6,765,495 shares traded, while the 50-day average volume stands at 7,253,082.
ARR stock has decreased by -7.13% in the last month. The company shares reached their 1-month lowest point of $4.56 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 $4.38 and a high of $7.41 in 52 weeks. It has reached a new high 11 times so far this year and lost -14.39% or -$0.81 in price. In spite of this, the price is down -34.95% from the 52-week high.
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Insider Transactions
ARR stock investors should be aware that ARMOUR Residential REIT Inc. (ARR) stock had its last reported insider trading activity 246 days ago on Dec 22.
Valuation Metrics
ARMOUR Residential REIT Inc. (ARR) stock’s beta is 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.81, the price-to-book (PB) ratio at 0.75, and the price-to-cash flow ratio at 4.58.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 7.11 for the quarter ending June 29. Its gross profit as reported stood at $182.8 million compared to revenue of $228.43 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ARMOUR Residential REIT Inc.’s return on assets was -0.90%.
Earnings Surprise
The analyst consensus anticipated ARMOUR Residential REIT Inc.’s latest quarter earnings to come in at $0.24 per share, but it turned out to be $0.23, a -4.20% surprise. For the quarter, EBITDA amounted to $124.25 million. At the end of the quarter ending June 29, ARMOUR Residential REIT Inc.’s stock balance sheet showed total debt was $9.13 billion. Shareholders own equity worth $228.31 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ARMOUR Residential REIT Inc. (ARR) price momentum. RSI 9-day as of the close on 24 August was 44.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.89%.
As of today, ARR’s price is $4.71 +2.77% or $0.13 from its 5-day moving average. ARR is currently trading -7.13% lower than its 20-day SMA and -8.19% lower than its 100-day SMA. However, the stock’s current price level is -8.37% below the SMA50 and -10.74% below the SMA200.
The stochastic %K and %D were 34.48% and 23.01%, respectively, and the average true range (ATR) was 0.11. With the 14-day stochastic at 44.83% and the average true range at 0.11, the RSI (14) stands at 42.15%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
Analyst Ratings
B. Riley Securities reiterated its a Neutral rating on ARMOUR Residential REIT Inc. (NYSE: ARR), but raised their price target to $11, indicating a potential price increase of 56.18% for the stock. The consensus rating for ARMOUR Residential REIT Inc. (ARR) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ARR, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is ARR’s price target for the next 12 months?
Analysts predict a range of price targets between $5.00 and $6.00, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for ARMOUR Residential REIT Inc. (ARR) stock is $5.50.
