As of Thursday close, ARMOUR Residential REIT Inc.’s (NYSE:ARR) stock was up $0.01, moving up 0.20 percent to $4.91. The average number of shares traded per day over the past five days has been 9,008,060 shares. 3 times new highs have been achieved over the past 5 days, with a $0.09 gain in that time frame. In the last twenty days, the average volume was 6,893,985, while in the previous 50 days, it was 7,459,080.
Since last month, ARR stock retreated -3.73%. Shares of the company fell to $4.56 on 08/21/23, the lowest level in the past month. A 52-week high of $7.30 was reached on 02/02/23 after having rallying from a 52-week low of $4.38. Since the beginning of this year, ARR’s stock price has dropped by -12.79% or -$0.72, and marked a new high 11 times. However, the stock has declined by -32.74% since its 52-week high.
ARR stock investors should be aware that ARMOUR Residential REIT Inc. (ARR) stock had its last reported insider trading activity 253 days ago on Dec 22. Zimmer Jeffrey J, the Co-CEO and President of the company, disposed of 33,378 shares for $5.82 on Dec 22. It resulted in a $194,313 divestment by the insider.
Valuation Metrics
The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 3.81, the price-to-book (PB) ratio of 0.76, and the price-to-cash flow ratio of 4.57 may also be considered.
The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08. On Wednesday February 15 2023, a $0.02 dividend decrease was announced.
Financial Health
On the profitability front, the trailing twelve-month gross margin is -16.70% percent. Based on annual data, ARR earned $182.8 million in gross profit and brought in $228.43 million in revenue.
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 ARMOUR Residential REIT Inc. to report $0.24 quarterly earnings, the actual figure was $0.23 per share, beating the consensus estimate by -4.20%. During the quarter, the company generated $124.25 million in EBITDA. The value of shareholders’ equity is $228.31 million.
Technical Picture
This quick technical analysis looks at ARMOUR Residential REIT Inc.’s (ARR) price momentum. With a historical volatility rate of 28.36%, the RSI 9-day stood at 50.53% on 31 August.
With respect to its five-day moving average, the current ARMOUR Residential REIT Inc. price is up by +1.87% percent or $0.09. At present, ARR shares trade -2.19% below its 20-day simple moving average and -6.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.48% below its SMA50 and -19.38% below its SMA200.
Stochastic coefficient K was 73.54% and Stochastic coefficient D was 74.69%, while ATR was 0.13. Given the Stochastic reading of 67.31% for the 14-day period, the RSI (14) reading has been calculated as 48.29%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 0.14.
Analyst Ratings
B. Riley Securities reiterated its a Neutral rating on ARMOUR Residential REIT Inc. (NYSE: ARR) in a note to investors. The analysts firm has however raised their price target to $9.50, representing a possible 55.36% increase in the stock price. ARMOUR Residential REIT Inc. (ARR) has been rated Hold by analysts. According to 0 brokerage firms, ARR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate ARMOUR Residential REIT Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $5.50, the current consensus forecast for the stock is $5.00 – $6.00. Based on these forecasts, analysts predict ARMOUR Residential REIT Inc. (ARR) will achieve an average price target of $5.50.
