Annaly Capital Management Inc (NYSE:NLY) price on current trading day, fall -0.71% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $19.00.
A look at the stock’s price movement, the level at last check in today’s session was $19.14, moving within a range at $18.97 and $19.09. The beta value (5-Year monthly) was 1.579. Turning to its 52-week performance, $21.11 and $17.67 were the 52-week high and 52-week low respectively. Overall, NLY moved -4.45% over the past month.
Annaly Capital Management Inc’s market cap currently stands at around $10.65 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 2.60, with its dividend yield at 13.68%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 422.47M for the company’s revenue for the quarter, with a low and high estimate of 400.2M and 452M respectively. The average forecast suggests up to a 888.92% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.24B, representing a 1,215.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NLY is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 7 recommend NLY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NLY’s current price about -2.65% and -2.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.91, while 7-day volatility ratio is 2.52% and 1.57% in the 30-day chart. Further, Annaly Capital Management Inc (NLY) has a beta value of 1.57, and an average true range (ATR) of 0.33. Analysts have given the company’s stock an average 52-week price target of $21, forecast between a low of $20.5 and high of $23. Looking at the price targets, the low is -7.89% off recent price level in today’s trading while to achieve the yearly target high, it has to move -21.05%. Nonetheless, investors will most likely welcome a -10.53% jump to $21 which is the analysts’ median price.
If we refocus on Annaly Capital Management Inc (NYSE:NLY), historical trading data shows that trading volumes averaged 8.83 over the past 10 days and 6.23 million over the past 3 months. The company’s latest data on shares outstanding shows there are 560.55 million shares.
The 0.18% of Annaly Capital Management Inc’s shares are in the hands of company insiders while institutional holders own 55.26% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.88 million on 2024-11-29, giving us a short ratio of 1.75. The data shows that as of 2024-11-29 short interest in Annaly Capital Management Inc (NLY) stood at 216.0 of shares outstanding, with shares short falling to 12.18 million registered in 2024-10-31. Current price change has pushed the stock -1.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NLY stock continues to rise going into the next quarter.
