In the past week, ELME stock has gone up by 4.19%, with a monthly decline of -8.69% and a quarterly plunge of -13.46%. The volatility ratio for the week is 1.99%, and the volatility levels for the last 30 days are 2.47% for Elme Communities The simple moving average for the past 20 days is 0.37% for ELME’s stock, with a -7.93% simple moving average for the past 200 days.
Is It Worth Investing in Elme Communities (NYSE: ELME) Right Now?
The 36-month beta value for ELME is at 0.92. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for ELME is 86.96M, and currently, shorts hold a 2.85% of that float. The average trading volume for ELME on January 17, 2025 was 589.24K shares.
ELME) stock’s latest price update
The stock price of Elme Communities (NYSE: ELME) has surged by 1.29 when compared to previous closing price of 14.73, but the company has seen a 4.19% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2025-01-04 that COVID-19 led to a migration to Sunbelt cities, causing a surge in apartment rents and subsequent overbuilding, which is now stabilizing. Multifamily REITs saw a decline in valuations but are now modestly valued with a P/AFFO multiple averaging 18.3x, higher than the broader REIT market. Despite suppressed rent growth and occupancy, strong job markets and reduced new supply suggest the potential for landlords to regain pricing power.
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 $19. The rating they have provided for ELME stocks is “Neutral” according to the report published on December 17th, 2024.
ELME Trading at -6.25% 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 -19.31% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares sank -6.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.51% lower at present.
During the last 5 trading sessions, ELME rose by +4.36%, which changed the moving average for the period of 200-days by +11.70% in comparison to the 20-day moving average, which settled at $14.87. In addition, Elme Communities saw -2.29% in overturn over a single year, with a tendency to cut further losses.
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 8.36. 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 had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
