ARMOUR Residential REIT Inc. (NYSE:ARR) does about 5.13M shares in volume on a normal day but saw 5606451 shares change hands in Monday trading. The company now has a market cap of 796.87M USD. Its current market price is $6.07, marking a decrease of -0.65% compared to the previous close of $6.11. The 52 week high reached by this stock is $9.58 whilst the lowest price level in 52 weeks is $4.38. The script in recent trading has seen the stock touch a high of $6.11 and a low of $6.05.
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ARMOUR Residential REIT Inc. (ARR) has a 20-day trading average at $5.90 and the current price is -36.64% off the 52-week high compared with 38.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.83 and its 200-day simple moving average is $6.55. If we look at the stock’s price movements over the week, volatility stands at 1.83%, which increases to 2.34% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 59.62 to suggest the stock is neutral.
The consensus objective for the share price is $5.58, suggesting that the stock has a potential downside of -8.78% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 22, 2022 when B. Riley Securities reiterated the stock to “Neutral” and issued a price target of between $11 and $9.50.
The current price level is 3.20%, 4.34%, and -7.55% away from its SMA20, SMA50, and SMA200 respectively, with the ARR price moving above the 50-day SMA on January 23. ARMOUR Residential REIT Inc. (ARR) stock is down -0.16% over the week and 6.87% over the past month. Its price is 7.82% year-to-date and -35.70% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.32 above consensus estimates by $0.04. ARR’s earnings per share are forecast to grow by 22.90% this year and -0.80% over next year. Expected sales for next quarter are $43.79 million, which analysts say will come at $132.4 million for the current fiscal year and next year at $179.88 million. In addition, estimates put the company’s current quarterly revenue at an average of $41.48 million.
Its 12-month price target is $5.75. To reach the target analysts have set, the stock logically needs to shrink -8.78 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $5.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $5.83.
Outstanding shares total 132.14M with insiders holding 0.94% of the shares and institutional holders owning 52.37% of the company’s common stock. The company has a return on investment of 0.30% and return on equity of -29.60%. The forward price to earnings ratio is 5.21. The beta has a value of 1.19. Price to book ratio is 0.79.
According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Small Cap ETF has reduced its position in ARMOUR Residential REIT Inc. (ARR) to 9,774,692 shares, mirroring a recent drop by -0.08%. iShares Core S&P Small Cap ETF dumped 7424.0 shares of ARMOUR Residential REIT Inc. common stock bringing its total worth to about $55.03 million at the end of recent close, SEC documents show. iShares Core S&P Small Cap ETF isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 0.75 million shares to end up with 4,395,731 shares worth $24.75 million. Vanguard Small Cap Index Fund raise their holdings by 15.29% in the company over the course of the most recent quarter. It now holds a 2.58% position in ARMOUR Residential REIT Inc. thanks to 3.41 million shares amounting to $19.17 million.
