Annaly Capital Management Inc. (NYSE:NLY) shares fell to a low of $8.03 before closing at $8.10. Intraday shares traded counted 10.63 million, which was 19.35% higher than its 30-day average trading volume of 13.18M. NLY’s previous close was $8.06 while the outstanding shares total 1.40B. The firm has a beta of 1.22. The stock’s Relative Strength Index (RSI) is 64.53, with weekly volatility at 2.19% and ATR at 0.20. The NLY stock’s 52-week price range has touched low of $3.51 and a $10.50 high. The stock traded higher over the last trading session, gaining 0.50% on 12/02/20.
Investors have identified the REIT – Mortgage company Annaly Capital Management Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $11.33 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Potential earnings growth for Annaly Capital Management Inc. (NLY)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Annaly Capital Management Inc. recorded a total of 562.44 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -63.45% coming in sequential stages and their sales for the third quarter reducing by -3.98%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 115.13 million trying to sell their products during the last quarter, with the result yielding a gross income of 447.32 million. This allows shareholders to hold on to 1.40B with the revenue now reading 0.70 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.26 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.00 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NLY sounds very interesting.
Is the stock of NLY attractive?
In related news, Director, Hamilton Thomas Edward bought 200,000 shares of the company’s stock in a transaction that recorded on May 15. The purchase was performed at an average price of 5.96, for a total value of 1,192,920. As the purchase deal closes, the Chief Credit Officer, Coffey Timothy P now bought 50,000 shares of the company’s stock, valued at 300,000. Also, Chief Corporate Officer, CLO, Green Anthony C bought 12,500 shares of the company’s stock in a deal that was recorded on May 12. The shares were cost at an average price of 5.92 per share, with a total market value of 73,999. Following this completion of disposal, the CEO and CIO, Finkelstein David L now holds 100,000 shares of the company’s stock, valued at 603,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.