Company’s 36-month beta value is 0.92.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for ELME is 86.96M, and currently, short sellers hold a 2.75% ratio of that floaft. The average trading volume of ELME on December 20, 2024 was 536.75K shares.
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ELME) stock’s latest price update
The stock price of Elme Communities (NYSE: ELME) has jumped by 1.45 compared to previous close of 14.87. Despite this, the company has seen a fall of -7.68% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-02 that ELME Communities owns and operates value-add multifamily properties in the DC metro and Atlanta metro regions of the U.S. The REIT has benefitted from strong operating strength in the DC metro, a market that has been one of the best performing nationally in 2024. The market has benefitted from a combination of low supply growth and robust market wage growth.
ELME’s Market Performance
Elme Communities (ELME) has experienced a -7.68% fall in stock performance for the past week, with a -4.16% drop in the past month, and a -16.15% drop in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 2.06% for ELME. The simple moving average for the past 20 days is -7.62% for ELME’s stock, with a -6.27% simple moving average for the past 200 days.
Analysts’ Opinion of ELME
Many brokerage firms have already submitted their reports for ELME stocks, with JP Morgan repeating the rating for ELME by listing it as a “Neutral.” The predicted price for ELME in the upcoming period, according to JP Morgan is $18 based on the research report published on December 17, 2024 of the current year 2024.
JP Morgan gave a rating of “Overweight” to ELME, setting the target price at $18 in the report published on December 18th of the previous year.
ELME Trading at -9.39% 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 -18.42% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -5.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.83% lower at present.
During the last 5 trading sessions, ELME fell by -8.32%, which changed the moving average for the period of 200-days by +11.87% in comparison to the 20-day moving average, which settled at $16.32. In addition, Elme Communities saw 3.32% 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
- 0.3 for the gross margin
The net margin for Elme Communities stands at -0.06. The total capital return value is set at 0.01. 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 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 0.63.
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 8.44. The receivables turnover for the company is 18.9for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In a nutshell, Elme Communities (ELME) has experienced a mixed 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.
