Ellington Financial Inc (NYSE: EFC) has a price-to-earnings ratio of 12.69x that is above its average ratio. Additionally, the 36-month beta value for EFC is 1.92. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for EFC is 80.69M and currently, short sellers hold a 3.69% ratio of that float. The average trading volume of EFC on April 05, 2024 was 1.17M shares.
EFC) stock’s latest price update
The stock price of Ellington Financial Inc (NYSE: EFC) has plunged by -1.31 when compared to previous closing price of 11.43, but the company has seen a -2.84% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that Rates heading lower along with earnings on this name.
EFC’s Market Performance
EFC’s stock has fallen by -2.84% in the past week, with a monthly rise of 2.08% and a quarterly drop of -7.31%. The volatility ratio for the week is 1.87% while the volatility levels for the last 30 days are 1.89% for Ellington Financial Inc The simple moving average for the past 20 days is -2.02% for EFC’s stock, with a -11.24% simple moving average for the past 200 days.
Analysts’ Opinion of EFC
Many brokerage firms have already submitted their reports for EFC stocks, with UBS repeating the rating for EFC by listing it as a “Neutral.” The predicted price for EFC in the upcoming period, according to UBS is $13.50 based on the research report published on December 06, 2023 of the previous year 2023.
B. Riley Securities, on the other hand, stated in their research note that they expect to see EFC reach a price target of $15. The rating they have provided for EFC stocks is “Buy” according to the report published on October 19th, 2023.
Keefe Bruyette gave a rating of “Outperform” to EFC, setting the target price at $13.75 in the report published on May 15th of the previous year.
EFC Trading at -4.66% from the 50-Day Moving Average
After a stumble in the market that brought EFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.62% of loss for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +0.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.63% lower at present.
During the last 5 trading sessions, EFC fell by -2.84%, which changed the moving average for the period of 200-days by -16.57% in comparison to the 20-day moving average, which settled at $11.52. In addition, Ellington Financial Inc saw -11.25% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EFC starting from Mumford Lisa, who sale 21,180 shares at the price of $13.06 back on Dec 14 ’23. After this action, Mumford Lisa now owns 63,540 shares of Ellington Financial Inc, valued at $276,611 using the latest closing price.
Stock Fundamentals for EFC
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.77 for the gross margin
The net margin for Ellington Financial Inc stands at 0.32. The total capital return value is set at 0.01. Equity return is now at value 6.20, with 0.57 for asset returns.
Based on Ellington Financial Inc (EFC), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at -0.0. The debt to equity ratio resting at 8.79. The interest coverage ratio of the stock is 3.78.
Currently, EBITDA for the company is 323.48 million with net debt to EBITDA at 151.13. When we switch over and look at the enterprise to sales, we see a ratio of 53.6. The receivables turnover for the company is 0.45for trailing twelve months and the total asset turnover is 0.02.
Conclusion
In conclusion, Ellington Financial Inc (EFC) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
