Ally Financial Inc (NYSE: ALLY) has a higher price-to-earnings ratio of 16.00x compared to its average ratio, The 36-month beta value for ALLY is at 1.38. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for ALLY is 301.51M, and currently, shorts hold a 2.65% of that float. The average trading volume for ALLY on April 30, 2024 was 3.70M shares.
ALLY) stock’s latest price update
Ally Financial Inc (NYSE: ALLY) has experienced a decline in its stock price by -0.36 compared to its previous closing price of 39.30. However, the company has seen a fall of -1.46% in its stock price over the last five trading days. 24/7 Wall Street reported 2024-04-26 that The company operates through three segments: Credit Card Consumer Banking Commercial Banking The company accepts: Checking accounts Money market deposits, Negotiable order of withdrawals Savings deposits Time deposits Its loan products include: credit card loans, auto and retail banking loans, commercial and multifamily real estate loans, and commercial and industrial loans.
ALLY’s Market Performance
ALLY’s stock has fallen by -1.46% in the past week, with a monthly drop of -3.52% and a quarterly rise of 3.76%. The volatility ratio for the week is 2.06% while the volatility levels for the last 30 days are 2.64% for Ally Financial Inc. The simple moving average for the past 20 days is 1.77% for ALLY’s stock, with a 23.79% simple moving average for the past 200 days.
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 3.16% 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 -5.77% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -1.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.38% upper at present.
During the last 5 trading sessions, ALLY fell by -1.46%, which changed the moving average for the period of 200-days by +37.89% in comparison to the 20-day moving average, which settled at $38.46. In addition, Ally Financial Inc saw 12.14% 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:
- 0.07 for the present operating margin
- 0.89 for the gross margin
The net margin for Ally Financial Inc stands at 0.09. The total capital return value is set at 0.0. Equity return is now at value 6.35, with 0.44 for asset returns.
Based on Ally Financial Inc (ALLY), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.25. 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 8.27. When we switch over and look at the enterprise to sales, we see a ratio of 2.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.50.
Conclusion
In conclusion, Ally Financial Inc (ALLY) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
