Is a Correction Looming Ahead for Annaly Capital Management Inc. (NLY)


Annaly Capital Management Inc. (NYSE:NLY) went up by 2.20% from its latest closing price compared to the recent 1-year high of $10.50. The company’s stock price has collected 0.95% of gains in the last five trading sessions. Press Release reported on 09/10/20 that Annaly Capital Management, Inc. Announces 3(rd) Quarter 2020 Common Stock Dividend of $0.22 per Share

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Is It Worth Investing in Annaly Capital Management Inc. (NYSE :NLY) Right Now?

Plus, the 36-month beta value for NLY is at 1.11. Opinions of the stock are interesting as 7 analysts out of 11 who provided ratings for Annaly Capital Management Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $8.14, which is $0.7 above the current price. NLY currently public float of 1.40B and currently shorts hold a 1.22% ratio of that float. Today, the average trading volume of NLY was 13.07M shares.

NLY’s Market Performance

NLY stocks went up by 0.95% for the week, with a monthly jump of 0.54% and a quarterly performance of 13.76%, while its annual performance rate touched -14.87%. The volatility ratio for the week stands at 2.98% while the volatility levels for the past 30 days are set at 2.52% for Annaly Capital Management Inc.. The simple moving average for the period of the last 20 days is 0.51% for NLY stocks with a simple moving average of -1.40% for the last 200 days.

Analysts’ Opinion of NLY

Piper Sandler, on the other hand, stated in their research note that they expect to see NLY reach a price target of $8.25. The rating they have provided for NLY stocks is “Overweight” according to the report published on July 07th, 2020.

JMP Securities gave a rating of “Mkt Outperform” to NLY, setting the target price at $7.50 in the report published on April 30th of the current year.

NLY Trading at 0.87% from the 50-Day Moving Average

After a stumble in the market that brought NLY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.14% of loss for the given period.

Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares sank -0.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.98% upper at present.

During the last 5 trading sessions, NLY rose by +0.95%, which changed the moving average for the period of 200-days by -20.68% in comparison to the 20-day moving average, which settled at $7.40. In addition, Annaly Capital Management Inc. saw -21.02% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NLY starting from Hamilton Thomas Edward, who purchase 200,000 shares at the price of $5.96 back on May 15. After this action, Hamilton Thomas Edward now owns 330,000 shares of Annaly Capital Management Inc., valued at $1,192,920 using the latest closing price.

Coffey Timothy P, the Chief Credit Officer of Annaly Capital Management Inc., purchase 50,000 shares at $6.00 during a trade that took place back on May 12, which means that Coffey Timothy P is holding 88,000 shares at $300,000 based on the most recent closing price.

Stock Fundamentals for NLY

Current profitability levels for the company are sitting at:

  • -119.81 for the present operating margin
  • +98.69 for the gross margin

The net margin for Annaly Capital Management Inc. stands at -119.20. The total capital return value is set at -1.88, while invested capital returns managed to touch -9.10. Equity return is now at value -19.90, with -2.20 for asset returns.

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Based on Annaly Capital Management Inc. (NLY), the company’s capital structure generated 711.28 points at debt to equity in total, while total debt to capital is 87.67. Total debt to assets is 86.21, with long-term debt to equity ratio resting at 65.80. Finally, the long-term debt to capital ratio is 7.09.

Currently, EBITDA for the company is -1.37B with total debt to EBITDA at 172.45. When we switch over and look at the enterrpise to sales, we see a ratio of 69.43, with the company’s debt to enterprise value settled at 0.89. The receivables turnover for the company is 4.12 and the total asset turnover is 0.02.

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