Ellington Financial Inc (NYSE: EFC) has experienced a decline in its stock price by -0.68 compared to its previous closing price of 13.24. However, the company has seen a gain of 0.15% in its stock price over the last five trading days. 247wallst.com reported 2024-09-15 that 24/7 Wall St. Insights Passive income is a steady stream of unearned income that doesn’t require active traditional work.
Is It Worth Investing in Ellington Financial Inc (NYSE: EFC) Right Now?
The price-to-earnings ratio for Ellington Financial Inc (NYSE: EFC) is above average at 11.01x, Company’s 36-month beta value is 1.98.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for EFC is 84.09M, and currently, short sellers hold a 6.08% ratio of that floaft. The average trading volume of EFC on September 19, 2024 was 979.09K shares.
EFC’s Market Performance
The stock of Ellington Financial Inc (EFC) has seen a 0.15% increase in the past week, with a -0.08% drop in the past month, and a 7.96% gain in the past quarter. The volatility ratio for the week is 1.11%, and the volatility levels for the past 30 days are at 1.19% for EFC. The simple moving average for the past 20 days is -0.25% for EFC’s stock, with a 7.13% 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 1.54% 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 -2.38% of loss for the given period.
Volatility was left at 1.19%, however, over the last 30 days, the volatility rate increased by 1.11%, as shares surge +0.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.82% upper at present.
During the last 5 trading sessions, EFC rose by +0.15%, which changed the moving average for the period of 200-days by +1.15% in comparison to the 20-day moving average, which settled at $13.18. In addition, Ellington Financial Inc saw 3.46% 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 EFC starting from Vranos Michael W, who sale 5,900 shares at the price of $12.12 back on Jul 02 ’24. After this action, Vranos Michael W now owns 179,655 shares of Ellington Financial Inc, valued at $71,508 using the latest closing price.
Vranos Michael W, the Co-Chief Investment Officer of Ellington Financial Inc, sale 8,300 shares at $12.15 during a trade that took place back on Jun 17 ’24, which means that Vranos Michael W is holding 160,874 shares at $100,873 based on the most recent closing price.
Stock Fundamentals for EFC
Current profitability levels for the company are sitting at:
- 0.83 for the present operating margin
- 0.81 for the gross margin
The net margin for Ellington Financial Inc stands at 0.36. The total capital return value is set at 0.02. Equity return is now at value 8.62, with 0.84 for asset returns.
Based on Ellington Financial Inc (EFC), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 8.5. The interest coverage ratio of the stock is 1.04.
Currently, EBITDA for the company is 323.48 million with net debt to EBITDA at 77.83. When we switch over and look at the enterprise to sales, we see a ratio of 40.87. The receivables turnover for the company is 1.34for trailing twelve months and the total asset turnover is 0.02.
Conclusion
In a nutshell, Ellington Financial Inc (EFC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
