Annaly Capital Management Inc (NYSE:NLY) shares, rose in value, with the stock price up by 0.10% to the previous day’s close as strong demand from buyers drove the stock to $19.23.
Actively observing the price movement in the last trading, the stock closed the session at $19.21. The value of beta (5-year monthly) was 1.60. Referring to stock’s 52-week performance, its high was $21.07, and the low was $14.52. On the whole, NLY has fluctuated by -0.98% over the past month.
With the market capitalization of Annaly Capital Management Inc currently standing at about $9.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 24, 2024. The company’s Forward Dividend Ratio is 2.60, with its dividend yield at 13.52%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.65, which is expected to increase to $0.69 for fiscal year $2.68 and then to about $2.71 by fiscal year 2025. Data indicates that the EPS growth is expected to be -6.30% in 2025, while the next year’s EPS growth is forecast to be 1.10%.
Analysts have estimated the company’s revenue for the quarter at $1.02 billion, with a low estimate of $950.8 million and a high estimate of $1.1 billion. According to the average forecast, sales growth in current quarter could jump up 25.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.14 billion, representing an increase of 10.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NLY’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NLY currently trading nearly -2.09% and -0.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.83, while the 7-day volatility ratio is showing 1.61% which for the 30-day chart, stands at 1.59%. Furthermore, Annaly Capital Management Inc (NLY)’s beta value is 1.59, and its average true range (ATR) is 0.34.
A comparison of Annaly Capital Management Inc (NLY) with its peers suggests the former has fared considerably weaker in the market. NLY showed an intraday change of 0.10% in last session, and over the past year, it grew by 1.26%%.
Data on historical trading for Annaly Capital Management Inc (NYSE:NLY) indicates that the trading volumes over the past 10 days have averaged 3.23 million and over the past 3 months, they’ve averaged 3.64 million. According to company’s latest data on outstanding shares, there are 500.08 million shares outstanding.
Nearly 0.38% of Annaly Capital Management Inc’s shares belong to company insiders and institutional investors own 54.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.88 million shares as on Mar 15, 2024, resulting in a short ratio of 2.43. According to the data, the short interest in Annaly Capital Management Inc (NLY) stood at 1.78% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.27 million. The stock has fallen by -0.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NLY stock heading into the next quarter.
