The price-to-earnings ratio for Ellington Financial Inc (NYSE: EFC) is above average at 9.40x, Company’s 36-month beta value is 1.96.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for EFC is 88.45M, and currently, short sellers hold a 5.91% ratio of that floaft. The average trading volume of EFC on December 20, 2024 was 816.59K shares.
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EFC) stock’s latest price update
Ellington Financial Inc (NYSE: EFC)’s stock price has plunge by 0.75relation to previous closing price of 11.96. Nevertheless, the company has seen a -2.35% plunge in its stock price over the last five trading sessions. businesswire.com reported 2024-12-18 that OLD GREENWICH, Conn.–(BUSINESS WIRE)–Ellington Financial Inc. (NYSE: EFC) today announced the closing of a $243 million securitization backed by a pool of proprietary reverse mortgage loans, all of which were originated by Longbridge Financial, LLC, a wholly-owned subsidiary of Ellington Financial. Longbridge will also continue to serve as the servicer of the mortgage loans underlying the securitization. The debt tranches issued in the securitization were rated by Morningstar DBRS, with the s.
EFC’s Market Performance
EFC’s stock has fallen by -2.35% in the past week, with a monthly drop of -2.59% and a quarterly drop of -8.09%. The volatility ratio for the week is 1.95% while the volatility levels for the last 30 days are 1.32% for Ellington Financial Inc The simple moving average for the past 20 days is -2.12% for EFC’s stock, with a -1.95% 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 -2.53% 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 -10.48% of loss for the given period.
Volatility was left at 1.32%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares sank -1.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.98% lower at present.
During the last 5 trading sessions, EFC fell by -2.35%, which changed the moving average for the period of 200-days by +7.69% in comparison to the 20-day moving average, which settled at $12.31. In addition, Ellington Financial Inc saw -5.19% 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 Vranos Michael W, who sale 14,361 shares at the price of $12.58 back on Oct 15 ’24. After this action, Vranos Michael W now owns 153,998 shares of Ellington Financial Inc, valued at $180,647 using the latest closing price.
Vranos Michael W, the Co-Chief Investment Officer of Ellington Financial Inc, sale 14,000 shares at $12.48 during a trade that took place back on Oct 14 ’24, which means that Vranos Michael W is holding 168,359 shares at $174,706 based on the most recent closing price.
Stock Fundamentals for EFC
Current profitability levels for the company are sitting at:
- 0.88 for the present operating margin
- 0.79 for the gross margin
The net margin for Ellington Financial Inc stands at 0.41. The total capital return value is set at 0.02. Equity return is now at value 9.20, with 0.88 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 2.64.
Conclusion
In a nutshell, Ellington Financial Inc (EFC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
