The trading price of Annaly Capital Management Inc. (NYSE:NLY) floating higher at last check on Wednesday, June 22, closing at $6.01, 1.09% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $5.87 and $6.01. The company’s P/E ratio in the trailing 12-month period was 3.41, while its 5Y monthly beta was 1.20. In examining the 52-week price action we see that the stock hit a 52-week high of $9.27 and a 52-week low of $5.45. Over the past month, the stock has lost -5.10% in value.
Annaly Capital Management Inc., whose market valuation is $8.91 billion at the time of this writing, is expected to release its quarterly earnings report Apr 26, 2022 – May 02, 2022. The dividend yield on the company stock is 14.79%, while its Forward Dividend ratio is 0.88. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.24 per share this quarter, however they have predicted annual earnings per share of $0.95 for 2022 and $0.9 for 2023. It means analysts are expecting annual earnings per share growth of -18.10% this year and -5.30% next year.
Analysts have forecast the company to bring in revenue of $454.34 million for the current quarter, with the likely lows of $401 million and highs of $509.4 million. The average estimate suggests sales will likely up by 18.30% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $2.06 billion. The company’s revenue is forecast to grow by 3.80% over what it did in 2022.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Annaly Capital Management Inc. 1 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest NLY has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that NLY’s price is currently -5.16% off the SMA20 and -7.32% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.26, and weekly volatility stands at 3.98%. When measured over the past 30 days, the indicator reaches 2.76%. Annaly Capital Management Inc. (NYSE:NLY)’s beta value is currently sitting at 1.19, while the Average True Range indicator is currently displaying 0.21.
To see how Annaly Capital Management Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: NLY stock’s performance was 1.09% at last check in today’s session, and -35.19% in the past year, while AGNC Investment Corp. (AGNC) has been trading 1.87% in recent session and positioned -37.20% lower than it was a year ago. Another comparable company Starwood Property Trust Inc. (STWD) saw its stock trading 0.88% higher in today’s session but was down -19.85% in a year. Furthermore, New Residential Investment Corp. (NRZ) showed a decrease of -0.53% today while its price kept declining at -12.07% over the past year. Annaly Capital Management Inc. has a P/E ratio of 3.41. Also during today’s trading, the S&P 500 Index has surged 0.43%, while the Dow Jones Industrial also saw a positive session, up 0.18% today.
An evaluation of the daily trading volume of Annaly Capital Management Inc. (NYSE:NLY) indicates that the 3-month average is 33.05 million. However, this figure has increased over the past 10 days to an average of 42.99 million.
Currently, records show that 1.46 billion of the company’s shares remain outstanding. The insiders hold 0.30% of outstanding shares, whereas institutions hold 42.10%. The stats also highlight that short interest as of Apr 28, 2022, stood at 73.16 million shares, resulting in a short ratio of 2.92 at that time. From this, we can conclude that short interest is 5.01% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 75.41 million. However, since the stock’s price has seen -23.91% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.