The stock of Ellington Financial Inc (EFC) has seen a 1.21% increase in the past week, with a 1.38% gain in the past month, and a -0.59% decrease in the past quarter. The volatility ratio for the week is 1.65%, and the volatility levels for the past 30 days are at 1.79% for EFC. The simple moving average for the last 20 days is 2.75% for EFC stock, with a simple moving average of -5.53% for the last 200 days.
Is It Worth Investing in Ellington Financial Inc (NYSE: EFC) Right Now?
Ellington Financial Inc (NYSE: EFC) has a price-to-earnings ratio that is above its average at 18.72x. The stock has a 36-month beta value of 1.95. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for EFC is 80.99M, and at present, short sellers hold a 4.71% of that float. On May 09, 2024, the average trading volume of EFC was 1.00M shares.
EFC) stock’s latest price update
Ellington Financial Inc (NYSE: EFC) has seen a rise in its stock price by 1.12 in relation to its previous close of 11.62. However, the company has experienced a 1.21% gain in its stock price over the last five trading sessions. 24/7 Wall Street reported 2024-05-08 that Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
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 2.76% 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 -17.31% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares surge +5.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.07% upper at present.
During the last 5 trading sessions, EFC rose by +1.21%, which changed the moving average for the period of 200-days by -15.22% in comparison to the 20-day moving average, which settled at $11.47. In addition, Ellington Financial Inc saw -7.55% 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 5.11, with 0.50 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 53.75. The receivables turnover for the company is 0.45for trailing twelve months and the total asset turnover is 0.02.
Conclusion
To sum up, Ellington Financial Inc (EFC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
