The stock of Ally Financial Inc (ALLY) has seen a -0.35% decrease in the past week, with a 8.77% gain in the past month, and a 14.76% flourish in the past quarter. The volatility ratio for the week is 2.23%, and the volatility levels for the past 30 days are at 2.54% for ALLY. The simple moving average for the past 20 days is 5.12% for ALLY’s stock, with a 30.99% simple moving average for the past 200 days.
Is It Worth Investing in Ally Financial Inc (NYSE: ALLY) Right Now?
The price-to-earnings ratio for Ally Financial Inc (NYSE: ALLY) is above average at 13.33x. The 36-month beta value for ALLY is also noteworthy at 1.38. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
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The public float for ALLY is 300.67M, and at present, short sellers hold a 3.57% of that float. The average trading volume of ALLY on March 28, 2024 was 4.02M shares.
ALLY) stock’s latest price update
Ally Financial Inc (NYSE: ALLY)’s stock price has increased by 1.61 compared to its previous closing price of 39.18. However, the company has seen a -0.35% decrease in its stock price over the last five trading sessions. Reuters reported 2024-03-27 that Ally Financial said on Wednesday that Michael Rhodes will take over as chief executive officer of the company from April 29.
Analysts’ Opinion of ALLY
Many brokerage firms have already submitted their reports for ALLY stocks, with Morgan Stanley repeating the rating for ALLY by listing it as a “Overweight.” The predicted price for ALLY in the upcoming period, according to Morgan Stanley is $47 based on the research report published on February 08, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see ALLY reach a price target of $47. The rating they have provided for ALLY stocks is “Buy” according to the report published on January 10th, 2024.
BMO Capital Markets gave a rating of “Market Perform” to ALLY, setting the target price at $36 in the report published on January 10th of the current year.
ALLY Trading at 8.26% from the 50-Day Moving Average
After a stumble in the market that brought ALLY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.21% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares surge +9.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.49% upper at present.
During the last 5 trading sessions, ALLY fell by -0.35%, which changed the moving average for the period of 200-days by +42.18% in comparison to the 20-day moving average, which settled at $38.05. In addition, Ally Financial Inc saw 14.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALLY starting from DEBRUNNER DAVID J, who sale 3,750 shares at the price of $35.00 back on Dec 29 ’23. After this action, DEBRUNNER DAVID J now owns 100,787 shares of Ally Financial Inc, valued at $131,251 using the latest closing price.
DEBRUNNER DAVID J, the VP, CAO, Controller of Ally Financial Inc, sale 3,750 shares at $35.00 during a trade that took place back on Dec 15 ’23, which means that DEBRUNNER DAVID J is holding 104,537 shares at $131,250 based on the most recent closing price.
Stock Fundamentals for ALLY
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.7 for the gross margin
The net margin for Ally Financial Inc stands at 0.13. The total capital return value is set at 0.0. Equity return is now at value 7.68, with 0.53 for asset returns.
Based on Ally Financial Inc (ALLY), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.47. The interest coverage ratio of the stock is 0.12.
Currently, EBITDA for the company is 2.33 billion with net debt to EBITDA at 9.11. When we switch over and look at the enterprise to sales, we see a ratio of 3.3. The receivables turnover for the company is 6.85for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.20.
Conclusion
In summary, Ally Financial Inc (ALLY) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
