The stock of Ally Financial Inc (ALLY) has seen a -5.13% decrease in the past week, with a -2.66% drop in the past month, and a 10.78% flourish in the past quarter. The volatility ratio for the week is 3.13%, and the volatility levels for the past 30 days are at 2.65% for ALLY. The simple moving average for the last 20 days is -5.90% for ALLY stock, with a simple moving average of 17.78% for the last 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 12.25x. The 36-month beta value for ALLY is also noteworthy at 1.39. 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.”
The public float for ALLY is 300.67M, and at present, short sellers hold a 3.07% of that float. The average trading volume of ALLY on April 16, 2024 was 3.89M shares.
ALLY) stock’s latest price update
The stock price of Ally Financial Inc (NYSE: ALLY) has plunged by -1.72 when compared to previous closing price of 37.23, but the company has seen a -5.13% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Looking beyond Wall Street’s top -and-bottom-line estimate forecasts for Ally Financial (ALLY), delve into some of its key metrics to gain a deeper insight into the company’s potential performance for the quarter ended March 2024.
Analysts’ Opinion of ALLY
Many brokerage firms have already submitted their reports for ALLY stocks, with BofA Securities repeating the rating for ALLY by listing it as a “Buy.” The predicted price for ALLY in the upcoming period, according to BofA Securities is $46 based on the research report published on April 09, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see ALLY reach a price target of $39, previously predicting the price at $37. The rating they have provided for ALLY stocks is “Underweight” according to the report published on April 03rd, 2024.
Morgan Stanley gave a rating of “Overweight” to ALLY, setting the target price at $47 in the report published on February 08th of the current year.
ALLY Trading at -2.44% 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 -11.96% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares sank -2.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.35% lower at present.
During the last 5 trading sessions, ALLY fell by -5.13%, which changed the moving average for the period of 200-days by +35.47% in comparison to the 20-day moving average, which settled at $38.83. In addition, Ally Financial Inc saw 4.78% 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 3.17. 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 mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
