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NLY Stock Forecast: All the More Reason to Consider Annaly Capital Management Inc (NLY) Now


Annaly Capital Management Inc (NYSE: NLY) is -1.81% lower on its value in year-to-date trading and has touched a low of $14.52 and a high of $21.07 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 $18.99 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $19.02, the stock is -3.08% and -3.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.95 million and changing 0.16% at the moment leaves the stock 0.80% off its SMA200. NLY registered -1.09% loss for a year compared to 6-month gain of -0.42%.

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The stock witnessed a -4.47% loss in the last 1 month and extending the period to 3 months gives it a -1.55%, and is 1.93% up 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 1.16% over the week and 1.30% over the month.

Annaly Capital Management Inc (NLY) has around 187 employees, a market worth around $9.52B and $6.00B in sales. Fwd P/E is 6.98. Profit margin for the company is -8.04%. Distance from 52-week low is 30.99% and -9.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.81%).

The EPS is expected to shrink by -7.35% this year.

Annaly Capital Management Inc (NLY) Top Institutional Holders

The shares outstanding are 500.08M, and float is at 499.19M with Short Float at 1.92%.

Annaly Capital Management Inc (NLY) Insider Activity

The most recent transaction is an insider sale by Finkelstein David L,the company’sCEO and CIO. SEC filings show that Finkelstein David L sold 50,000 shares of the company’s common stock on Feb 12 ’24 at a price of $19.03 per share for a total of $0.95 million. Following the sale, the insider now owns 0.66 million shares.

Annaly Capital Management Inc disclosed in a document filed with the SEC on Nov 06 ’23 that Finkelstein David L (CEO and CIO) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Nov 06 ’23 and was made at $17.04 per share for $0.85 million. Following the transaction, the insider now directly holds 0.55 million shares of the NLY stock.

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