Annaly Capital Management Inc (NYSE: NLY)’s stock price has gone rise by 1.40 in comparison to its previous close of 19.35, however, the company has experienced a 2.78% increase in its stock price over the last five trading days. The Motley Fool reported 2024-05-04 that Annaly Capital is a mortgage real estate investment trust. The REIT’s yield is a massive 13.7%.
Is It Worth Investing in Annaly Capital Management Inc (NYSE: NLY) Right Now?
Company’s 36-month beta value is 1.59.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for NLY is 499.23M, and currently, short sellers hold a 1.97% ratio of that floaft. The average trading volume of NLY on May 07, 2024 was 3.58M shares.
NLY’s Market Performance
NLY stock saw an increase of 2.78% in the past week, with a monthly gain of 2.03% and a quarterly increase of 3.81%. The volatility ratio for the week is 1.75%, and the volatility levels for the last 30 days are 1.91% for Annaly Capital Management Inc (NLY). The simple moving average for the last 20 days is 5.33% for NLY’s stock, with a simple moving average of 3.70% for the last 200 days.
Analysts’ Opinion of NLY
Many brokerage firms have already submitted their reports for NLY stocks, with Compass Point repeating the rating for NLY by listing it as a “Buy.” The predicted price for NLY in the upcoming period, according to Compass Point is $22 based on the research report published on April 02, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see NLY reach a price target of $19. The rating they have provided for NLY stocks is “Neutral” according to the report published on December 06th, 2023.
UBS gave a rating of “Buy” to NLY, setting the target price at $24 in the report published on September 18th of the previous year.
NLY Trading at 2.61% 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 -6.88% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.75%, as shares surge +1.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.92% upper at present.
During the last 5 trading sessions, NLY rose by +2.78%, which changed the moving average for the period of 200-days by -2.82% in comparison to the 20-day moving average, which settled at $18.64. In addition, Annaly Capital Management Inc saw 1.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NLY starting from Finkelstein David L, who sale 50,000 shares at the price of $19.03 back on Feb 12 ’24. After this action, Finkelstein David L now owns 662,469 shares of Annaly Capital Management Inc, valued at $951,500 using the latest closing price.
Finkelstein David L, the CEO and CIO of Annaly Capital Management Inc, sale 50,000 shares at $17.04 during a trade that took place back on Nov 06 ’23, which means that Finkelstein David L is holding 545,259 shares at $852,000 based on the most recent closing price.
Stock Fundamentals for NLY
Current profitability levels for the company are sitting at:
- 0.96 for the present operating margin
- 0.97 for the gross margin
The net margin for Annaly Capital Management Inc stands at -0.45. The total capital return value is set at 0.03. Equity return is now at value -2.90, with -0.38 for asset returns.
Based on Annaly Capital Management Inc (NLY), the company’s capital structure generated 0.87 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 6.71. The interest coverage ratio of the stock is 0.19.
Currently, EBITDA for the company is -1.6 billion with net debt to EBITDA at 93.4. When we switch over and look at the enterprise to sales, we see a ratio of 102.52. The receivables turnover for the company is 0.46for trailing twelve months and the total asset turnover is 0.01.
Conclusion
In a nutshell, Annaly Capital Management Inc (NLY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
