Ellington Financial Inc (NYSE: EFC) kicked off on Tuesday, up 1.13% from the previous trading day ,before settling in for the closing price of $11.46. Over the past 52 weeks, EFC has traded in a range of $10.89-$14.21.
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Annual sales at Real Estate sector company grew by 19.94% over the past five years. While this was happening, its average annual earnings per share was recorded 14.97%. With a float of $80.69 million, this company’s outstanding shares have now reached $83.00 million.
Let’s look at the performance matrix of the company that is accounted for 170 employees.
Ellington Financial Inc (EFC) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the REIT – Mortgage Industry. The insider ownership of Ellington Financial Inc is 5.19%, while institutional ownership is 53.81%. The most recent insider transaction that took place on Dec 14 ’23, was worth 276,611. In this transaction Director of this company sold 21,180 shares at a rate of $13.06, taking the stock ownership to the 63,540 shares.
Ellington Financial Inc (EFC) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $0.27 earnings per share (EPS), lower than consensus estimate (set at $0.4) by -$0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.97% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.28% during the next five years compared to -10.27% drop over the previous five years of trading.
Ellington Financial Inc (NYSE: EFC) Trading Performance Indicators
Take a look at Ellington Financial Inc’s (EFC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.80. Likewise, its price to free cash flow for the trailing twelve months is 8.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.89, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 1.70 in one year’s time.
Technical Analysis of Ellington Financial Inc (EFC)
Ellington Financial Inc (NYSE: EFC) saw its 5-day average volume 0.72 million, a negative change from its year-to-date volume of 1.15 million. As of the previous 9 days, the stock’s Stochastic %D was 39.05%. Additionally, its Average True Range was 0.23.
During the past 100 days, Ellington Financial Inc’s (EFC) raw stochastic average was set at 30.30%, which indicates a significant decrease from 52.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.60% in the past 14 days, which was lower than the 24.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.72, while its 200-day Moving Average is $12.67. Nevertheless, the first resistance level for the watch stands at $11.64 in the near term. At $11.70, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.80. If the price goes on to break the first support level at $11.48, it is likely to go to the next support level at $11.38. Assuming the price breaks the second support level, the third support level stands at $11.32.
Ellington Financial Inc (NYSE: EFC) Key Stats
The company with the Market Capitalisation of 986.31 million has total of 85,104K Shares Outstanding. Its annual sales at the moment are 370,170 K in contrast with the sum of 84,810 K annual income. Company’s last quarter sales were recorded 98,690 K and last quarter income was 19,330 K.
