Annaly Capital Management Inc (NYSE: NLY)’s stock price has gone decline by -1.07 in comparison to its previous close of 19.70, however, the company has experienced a -3.90% decrease in its stock price over the last five trading days. fool.com reported 2024-10-27 that The mortgage REIT is seeing tailwinds in its business.
Is It Worth Investing in Annaly Capital Management Inc (NYSE: NLY) Right Now?
Company’s 36-month beta value is 1.58.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.”
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The public float for NLY is 536.66M, and currently, short sellers hold a 1.78% ratio of that floaft. The average trading volume of NLY on October 28, 2024 was 5.13M shares.
NLY’s Market Performance
NLY stock saw a decrease of -3.90% in the past week, with a monthly decline of -4.46% and a quarterly a decrease of -2.40%. The volatility ratio for the week is 1.87%, and the volatility levels for the last 30 days are 1.49% for Annaly Capital Management Inc (NLY). The simple moving average for the last 20 days is -1.40% for NLY’s stock, with a simple moving average of -0.61% for the last 200 days.
Analysts’ Opinion of NLY
Many brokerage firms have already submitted their reports for NLY stocks, with Wells Fargo repeating the rating for NLY by listing it as a “Overweight.” The predicted price for NLY in the upcoming period, according to Wells Fargo is $23 based on the research report published on September 20, 2024 of the current year 2024.
Janney, on the other hand, stated in their research note that they expect to see NLY reach a price target of $21. The rating they have provided for NLY stocks is “Buy” according to the report published on June 06th, 2024.
Compass Point gave a rating of “Buy” to NLY, setting the target price at $22 in the report published on April 02nd of the current year.
NLY Trading at -2.97% 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 -7.67% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares sank -5.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.35% lower at present.
During the last 5 trading sessions, NLY fell by -3.90%, which changed the moving average for the period of 200-days by -0.10% in comparison to the 20-day moving average, which settled at $19.77. In addition, Annaly Capital Management Inc saw 0.62% 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 $20.05 back on Aug 16 ’24. After this action, Finkelstein David L now owns 612,469 shares of Annaly Capital Management Inc, valued at $1,002,500 using the latest closing price.
Green Anthony C, the Chief Corporate Officer, CLO of Annaly Capital Management Inc, sale 50,000 shares at $20.05 during a trade that took place back on Aug 16 ’24, which means that Green Anthony C is holding 133,828 shares at $1,002,500 based on the most recent closing price.
Stock Fundamentals for NLY
Current profitability levels for the company are sitting at:
- 1.05 for the present operating margin
- 0.94 for the gross margin
The net margin for Annaly Capital Management Inc stands at 0.17. The total capital return value is set at 0.01. Equity return is now at value 1.01, with 0.12 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 0.05. The debt to equity ratio resting at 6.72. The interest coverage ratio of the stock is 0.16.
Currently, EBITDA for the company is -1.6 billion with net debt to EBITDA at 22.96. When we switch over and look at the enterprise to sales, we see a ratio of 135.0. The receivables turnover for the company is 0.64for trailing twelve months and the total asset turnover is 0.01.
Conclusion
In a nutshell, Annaly Capital Management Inc (NLY) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
