Annaly Capital Management Inc (NYSE:NLY) price closed lower on Tuesday, April 16, dropping -1.72% below its previous close.
A look at the daily price movement shows that the last close reads $18.02. The company’s 5Y monthly beta was ticking 1.60. Taking into account the 52-week price action we note that the stock hit a 52-week high of $21.07 and 52-week low of $14.52. The stock subtracted -9.09% on its value in the past month.
Annaly Capital Management Inc, which has a market valuation of $8.86 billion, is expected to release its quarterly earnings report Apr 24, 2024 – Apr 29, 2024. The company stock has a Forward Dividend ratio of 2.60, while the dividend yield is 14.68%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NLY a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that NLY’s price is at present -8.42% off the SMA20 and -7.64% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 25.20, with weekly volatility standing at 2.67%. The indicator jumps to 1.76% when calculated based on the past 30 days. Annaly Capital Management Inc (NYSE:NLY)’s beta value is holding at 1.60, while the average true range (ATR) indicator is currently reading 0.39.
An analysis of the Annaly Capital Management Inc (NYSE:NLY) stock in terms of its daily trading volume indicates that the 3-month average is 3.59 million.
Current records show that the company has 500.08M in outstanding shares. The insiders’ percentage holdings are 0.38% of outstanding shares while the percentage share held by institutions stands at 54.62%. But the -8.57% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
