Home  »  Markets   »  Annaly Capital Management Inc. (NLY) Is Down -10.2...

Annaly Capital Management Inc. (NLY) Is Down -10.25% in 2023 With Lots of Room to Run

Annaly Capital Management Inc. (NYSE: NLY) is -10.25% lower on its value in year-to-date trading and has touched a low of $15.11 and a high of $29.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NLY stock was last observed hovering at around $18.49 in the last trading session, with the day’s gains setting it 0.43%.

Currently trading at $18.92, the stock is -8.04% and -13.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.97 million and changing 2.33% at the moment leaves the stock -16.36% off its SMA200. NLY registered -33.29% loss for a year compared to 6-month loss of -28.77%.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".

Sponsored

The stock witnessed a -12.65% gain in the last 1 month and extending the period to 3 months gives it a -12.69%, and is -5.92% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.09% over the week and 2.79% over the month.

Annaly Capital Management Inc. (NLY) has around 161 employees, a market worth around $9.77B and $3.26B in sales. Current P/E ratio is 3.78 and Fwd P/E is 6.26. Profit margin for the company is 49.50%. Distance from 52-week low is 25.22% and -36.68% from its 52-week high. The company has generated returns on investments over the last 12 months (2.20%).

The EPS is expected to shrink by -38.60% this year.

Annaly Capital Management Inc. (NLY) Top Institutional Holders

The shares outstanding are 468.88M, and float is at 466.59M with Short Float at 3.08%.

Annaly Capital Management Inc. (NLY) Insider Activity

A total of 22 insider transactions have happened at Annaly Capital Management Inc. (NLY) in the last six months, with sales accounting for 9 and purchases happening 13 times. The most recent transaction is an insider purchase by Finkelstein David L,the company’sCEO and President. SEC filings show that Finkelstein David L bought 200,000 shares of the company’s common stock on Jun 17 at a price of $5.56 per share for a total of $1.11 million. Following the purchase, the insider now owns 1.67 million shares.

Annaly Capital Management Inc. (NLY): Who are the competitors?

The company’s main competitors (and peers) include AGNC Investment Corp. (AGNC) that is trading -20.96% down over the past 12 months and Starwood Property Trust Inc. (STWD) that is -20.76% lower over the same period. Rithm Capital Corp. (RITM) is -18.83% down on the 1-year trading charts.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts