Additionally, the 36-month beta value for ELME is 0.90. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for ELME is 86.27M and currently, short sellers hold a 1.84% ratio of that float. The average trading volume of ELME on November 15, 2024 was 482.91K shares.
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ELME) stock’s latest price update
Elme Communities (NYSE: ELME) has seen a decline in its stock price by -2.53 in relation to its previous close of 16.99. However, the company has experienced a -4.06% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-05 that Elme Communities (NYSE:ELME ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Amy Hopkins – VP, IR Paul McDermott – CEO Tiffany Butcher – COO Steve Freishtat – CFO Grant Montgomery – Head, Research Conference Call Participants Nahom Tesfazghi – JPMorgan Jamie Feldman – Wells Fargo Ann Chan – Green Street Cole Bardawill – Wolfe Research Michael Gorman – BTIG Operator Welcome to the Elme Communities Third Quarter 2024 Earnings Conference Call. As a reminder, today’s call is being recorded.
ELME’s Market Performance
Elme Communities (ELME) has experienced a -4.06% fall in stock performance for the past week, with a -3.94% drop in the past month, and a -3.50% drop in the past quarter. The volatility ratio for the week is 3.07%, and the volatility levels for the past 30 days are at 2.36% for ELME. The simple moving average for the last 20 days is -3.04% for ELME stock, with a simple moving average of 4.97% for the last 200 days.
Analysts’ Opinion of ELME
JP Morgan, on the other hand, stated in their research note that they expect to see ELME reach a price target of $18, previously predicting the price at $16. The rating they have provided for ELME stocks is “Overweight” according to the report published on December 18th, 2023.
ELME Trading at -4.40% from the 50-Day Moving Average
After a stumble in the market that brought ELME to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.44% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares sank -2.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.28% lower at present.
During the last 5 trading sessions, ELME fell by -4.06%, which changed the moving average for the period of 200-days by +14.36% in comparison to the 20-day moving average, which settled at $17.08. In addition, Elme Communities saw 13.42% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ELME
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.31 for the gross margin
The net margin for Elme Communities stands at -0.06. The total capital return value is set at 0.02. Equity return is now at value -1.16, with -0.70 for asset returns.
Based on Elme Communities (ELME), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.26. The interest coverage ratio of the stock is 1.28.
Currently, EBITDA for the company is 66.4 million with net debt to EBITDA at 5.73. When we switch over and look at the enterprise to sales, we see a ratio of 8.95. The receivables turnover for the company is 18.9for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In conclusion, Elme Communities (ELME) has seen mixed performance in recent times. Analysts have a mixed 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.
