Ellington Financial Inc (NYSE: EFC) on Tuesday, plunged -0.88% from the previous trading day, before settling in for the closing price of $12.48. Within the past 52 weeks, EFC’s price has moved between $10.88 and $13.46.
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Real Estate Sector giant saw their annual sales surged by 19.94% over the last five years. The company achieved an average annual earnings per share of -2.01%. With a float of $88.36 million, this company’s outstanding shares have now reached $90.66 million.
The firm has a total of 170 workers. Let’s measure their productivity. In terms of profitability, gross margin is 78.82%, operating margin of 87.9%, and the pretax margin is 34.16%.
Ellington Financial Inc (EFC) Insider Activity
Observing investor behavior towards REIT – Mortgage industry stocks is more important than anything else. The insider ownership of Ellington Financial Inc is 2.54%, while institutional ownership is 55.70%. The most recent insider transaction that took place on Oct 15 ’24, was worth 180,647. In this transaction Co-Chief Investment Officer of this company sold 14,361 shares at a rate of $12.58, taking the stock ownership to the 153,998 shares. Before that another transaction happened on Oct 14 ’24, when Company’s Co-Chief Investment Officer sold 14,000 for $12.48, making the entire transaction worth $174,706. This insider now owns 168,359 shares in total.
Ellington Financial Inc (EFC) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.27 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.4) by -0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.01% 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
Ellington Financial Inc (EFC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.47. Likewise, its price to free cash flow for the trailing twelve months is 24.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.28, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.62 in one year’s time.
Technical Analysis of Ellington Financial Inc (EFC)
Analysing the last 5-days average volume posted by the [Ellington Financial Inc, EFC], we can find that recorded value of 0.83 million was lower than the volume posted last year of 0.96 million. As of the previous 9 days, the stock’s Stochastic %D was 72.52%. Additionally, its Average True Range was 0.20.
During the past 100 days, Ellington Financial Inc’s (EFC) raw stochastic average was set at 35.12%, which indicates a significant decrease from 46.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.41% in the past 14 days, which was lower than the 17.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.53, while its 200-day Moving Average is $12.24. Now, the first resistance to watch is $12.45. This is followed by the second major resistance level at $12.54. The third major resistance level sits at $12.60. If the price goes on to break the first support level at $12.30, it is likely to go to the next support level at $12.24. Should the price break the second support level, the third support level stands at $12.15.
Ellington Financial Inc (NYSE: EFC) Key Stats
Market capitalization of the company is 1.12 billion based on 90,662K outstanding shares. Right now, sales total 370,170 K and income totals 84,810 K. The company made 107,280 K in profit during its latest quarter, and 23,010 K in sales during its previous quarter.
