ARMOUR Residential REIT Inc. [ARR] Stock trading around $7.80 per share: What’s Next?


ARMOUR Residential REIT Inc. [NYSE: ARR] closed the trading session at $7.80 on 07/28/22. The day’s price range saw the stock hit a low of $7.34, while the highest price level was $7.80. The company report on July 27, 2022 that ARMOUR Residential REIT, Inc. Announces Q2 Results and June 30, 2022 Financial Position.

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ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company’s Q2 results and June 30, 2022 financial position.

The stocks have a year to date performance of -20.49 percent and weekly performance of 8.64 percent. The stock has been moved at -16.13 percent over the last six months. The stock has performed 13.21 percent around the most recent 30 days and changed 6.12 percent over the most recent 3-months.

If compared to the average trading volume of 3.08M shares, ARR reached to a volume of 6955710 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about ARMOUR Residential REIT Inc. [ARR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARR shares is $7.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARR stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley Securities have made an estimate for ARMOUR Residential REIT Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 22, 2022. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Neutral. The new note on the price target was released on July 14, 2021, representing the official price target for ARMOUR Residential REIT Inc. stock. On May 26, 2020, analysts increased their price target for ARR shares from 9 to 9.50.

The Average True Range (ATR) for ARMOUR Residential REIT Inc. is set at 0.26 The Price to Book ratio for the last quarter was 0.73, with the Price to Cash per share for the same quarter was set at 3.05.

ARR stock trade performance evaluation

ARMOUR Residential REIT Inc. [ARR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.64. With this latest performance, ARR shares gained by 13.21% in over the last four-week period, additionally sinking by -16.13% over the last 6 months – not to mention a drop of -24.12% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARR stock in for the last two-week period is set at 67.38, with the RSI for the last a single of trading hit 75.10, and the three-weeks RSI is set at 62.04 for ARMOUR Residential REIT Inc. [ARR]. The present Moving Average for the last 50 days of trading for this stock 7.10, while it was recorded at 7.31 for the last single week of trading, and 8.67 for the last 200 days.

ARMOUR Residential REIT Inc. [ARR]: An insightful look at the core fundamentals

Return on Equity for this stock inclined to 1.48, with Return on Assets sitting at 0.28.

Earnings per share (EPS) analysis for ARMOUR Residential REIT Inc. [ARR] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ARMOUR Residential REIT Inc. go to -11.36%.

ARMOUR Residential REIT Inc. [ARR]: Insider Ownership positions

There are presently around $384 million, or 52.60% of ARR stock, in the hands of institutional investors. The top three institutional holders of ARR stocks are: BLACKROCK INC. with ownership of 15,738,915, which is approximately -0.918% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 10,403,354 shares of the stock with an approximate value of $81.15 million in ARR stocks shares; and INVESCO LTD., currently with $38.0 million in ARR stock with ownership of nearly 18.547% of the company’s market capitalization.

Positions in ARMOUR Residential REIT Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 99 institutional holders increased their position in ARMOUR Residential REIT Inc. [NYSE:ARR] by around 4,430,342 shares. Additionally, 59 investors decreased positions by around 10,987,082 shares, while 24 investors held positions by with 33,752,454 shares. The mentioned changes placed institutional holdings at 49,169,878 shares, according to the latest SEC report filing. ARR stock had 37 new institutional investments in for a total of 1,411,161 shares, while 12 institutional investors sold positions of 319,345 shares during the same period.