Annaly Capital Management Inc (NYSE: NLY): To Buy Or Not To Buy, That Is The Question

Annaly Capital Management Inc (NLY) concluded trading on Wednesday at a closing price of $19.05, with 10.05 million shares of worth about $191.37 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.20% during that period and on November 06, 2024 the price saw a loss of about -1.14%. Currently the company’s common shares owned by public are about 560.55M shares, out of which, 558.98M shares are available for trading.

Stock saw a price change of -1.45% in past 5 days and over the past one month there was a price change of -3.15%. Year-to-date (YTD), NLY shares are showing a performance of -1.65% which increased to 11.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.76 but also hit the highest price of $21.11 during that period. The average intraday trading volume for Annaly Capital Management Inc shares is 5.39 million. The stock is currently trading -2.57% below its 20-day simple moving average (SMA20), while that difference is down -4.44% for SMA50 and it goes to -2.81% lower than SMA200.

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Annaly Capital Management Inc (NYSE: NLY) currently have 560.55M outstanding shares and institutions hold larger chunk of about 46.91% of that.

The stock has a current market capitalization of $10.68B and its 3Y-monthly beta is at 1.58. It has posted earnings per share of -$0.08 in the same period. It has a debt-to-equity ratio of 6.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NLY, volatility over the week remained 2.08% while standing at 1.66% over the month.

Stock’s fiscal year EPS is expected to drop by -7.67% while it is estimated to increase by 4.69% in next year. EPS is likely to grow at an annualized rate of -2.00% for next 5-years, compared to annual growth of -70.88% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Argus on October 31, 2024 offering a Buy rating for the stock and assigned a target price of $21 to it. Coverage by Wells Fargo stated Annaly Capital Management Inc (NLY) stock as an Overweight in their note to investors on September 20, 2024, suggesting a price target of $23 for the stock. On June 06, 2024, Janney Initiated their recommendations, while on April 02, 2024, Compass Point Initiated their ratings for the stock with a price target of $22. Stock get a Neutral rating from UBS on December 06, 2023.

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