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Are ARMOUR Residential REIT Inc. (NYSE: ARR) Analysts Predicting A Spike?

ARMOUR Residential REIT Inc. (NYSE:ARR) shares, rose in value on Thursday, May 25, with the stock price down by -3.61% to the previous day’s close as strong demand from buyers drove the stock to $4.57.

Actively observing the price movement in the recent trading, the stock is buoying the session at $4.74, falling within a range of $4.71 and $4.84. The value of beta (5-year monthly) is 1.24. Referring to stock’s 52-week performance, its high was $7.98, and the low was $4.38. On the whole, ARR has fluctuated by -8.44% over the past month.

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With the market capitalization of ARMOUR Residential REIT Inc. currently standing at about $942.12 million, investors are eagerly awaiting this quarter’s results, scheduled for Jul 25, 2023 – Jul 31, 2023. The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 20.25%. 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 $0.26, which is expected to increase to $0.29 for fiscal year $1.06 and then to about $1.12 by fiscal year 2024. Data indicates that the EPS growth is expected to be -7.80% in 2024, while the next year’s EPS growth is forecast to be 5.70%.

Analysts have estimated the company’s revenue for the quarter at $63.9 million, with a low estimate of $61.2 million and a high estimate of $66.6 million. According to the average forecast, sales growth in current quarter could jump up 82.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $217.3 million, representing an increase of 101.90% 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 ARR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ARR currently trading nearly -7.74% and -9.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.25, while the 7-day volatility ratio is showing 2.55% which for the 30-day chart, stands at 2.61%. Furthermore, ARMOUR Residential REIT Inc. (ARR)’s beta value is 1.24, and its average true range (ATR) is 0.14.

A comparison of ARMOUR Residential REIT Inc. (ARR) with its peers suggests the former has fared considerably weaker in the market. ARR showed an intraday change of -3.61% in today’s session so far, and over the past year, it shrunk by -38.92%%. In comparison, Invesco Mortgage Capital Inc. (IVR) has moved lower at -2.57% today and is down -43.01% over the past 12 months. On the other hand, the price of AGNC Investment Corp. (AGNC) has fallen -2.65% today. The stock, however, is off -27.56% from where it was a year ago. Additionally, there is a loss of -2.79% for AG Mortgage Investment Trust Inc. (MITT) in recent trading while the stock has seen an overall depriciation of -33.96%% over the past year. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.68%. Meanwhile, the Dow Jones Industrial Slipped by -0.32%.

Data on historical trading for ARMOUR Residential REIT Inc. (NYSE:ARR) indicates that the trading volumes over the past 10 days have averaged 4.18 million and over the past 3 months, they’ve averaged 5.41 million. According to company’s latest data on outstanding shares, there are 184.59 million shares outstanding.

Nearly 0.70% of ARMOUR Residential REIT Inc.’s shares belong to company insiders and institutional investors own 52.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.15 million shares as on May 14, 2023, resulting in a short ratio of 4.21. According to the data, the short interest in ARMOUR Residential REIT Inc. (ARR) stood at 9.80% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 18.4 million. The stock has fallen by -18.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARR stock heading into the next quarter.

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