Annaly Capital Management Inc (NYSE:NLY) shares, rose in value on Friday, April 26, with the stock price up by 1.31% to the previous day’s close as strong demand from buyers drove the stock to $18.93.
Actively observing the price movement in the recent trading, the stock is buoying the session at $18.69. 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 -2.60% over the past month.
The company’s Forward Dividend Ratio is 2.60, with its dividend yield at 13.73%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.13B, with a low estimate of 982.6M and a high estimate of 1.08B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.03B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NLY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 25% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NLY currently trading nearly 1.09% and -0.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.78, while the 7-day volatility ratio is showing 1.92% which for the 30-day chart, stands at 1.87%. Furthermore, Annaly Capital Management Inc (NLY)’s beta value is 1.59, and its average true range (ATR) is 0.37.
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 1.31% in today’s session so far, and over the past year, it shrunk by -0.66%%.
Data on historical trading for Annaly Capital Management Inc (NYSE:NLY) indicates that the trading volumes over the past 3 months, they’ve averaged 3.62 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 54.63% of the company’s shares. The stock has fallen by -2.25% 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.
