Elme Communities (ELME) Insider Trading: What Insights Can Be Gained?

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As of Wednesday close, Elme Communities’s (NYSE:ELME) stock was down -$0.02, moving down -0.10 percent to $19.52. The average number of shares traded per day over the past five days has been 316,400 shares. 4 times new highs have been achieved over the past 5 days, with a $0.78 gain in that time frame. In the last twenty days, the average volume was 319,285, while in the previous 50 days, it was 448,164.

Since last month, ELME stock rose 5.06%. Shares of the company fell to $17.82 on 10/25/22, the lowest level in the past month. A 52-week high of $26.79 was reached on 01/06/22 after having rallying from a 52-week low of $16.14. Since the beginning of this year, ELME’s stock price has dropped by -24.49% or -$6.33, and marked a new high 3 times. However, the stock has declined by -27.14% since its 52-week high.


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Valuation Metrics

The stock’s beta is 0.91. Besides these, the trailing price-to-sales (P/S) ratio of 8.46, the price-to-book (PB) ratio of 1.33, and the price-to-cash flow ratio of 119.91 may also be considered.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.42, and the total debt-to-equity ratio was 0.42. On the profitability front, the trailing twelve-month gross margin is 60.70% percent. In the year ended September 29, operating margins totaled -5.90%. Based on annual data, ELME earned -$4.59 million in gross profit and brought in $169.15 million in revenue.

In Elme Communities’s quarter-end financial report for September 29, it reported total debt of $43.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ELME’s revenue rose 22.16% to $51.38 million during the quarter, while net income inched up to $54.6 million. While analysts expected Elme Communities to report -$0.06 quarterly earnings, the actual figure was -$0.12 per share. During the quarter, the company generated $25.4 million in EBITDA. The value of shareholders’ equity is $87.52 million.

Technical Picture

This quick technical analysis looks at Elme Communities’s (ELME) price momentum. With a historical volatility rate of 20.00%, the RSI 9-day stood at 65.07% on 23 November.

With respect to its five-day moving average, the current Elme Communities price is up by +4.16% percent or $0.78. At present, ELME shares trade +5.34% above its 20-day simple moving average and -9.08% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.20% below its SMA50 and -17.64% below its SMA200.

Stochastic coefficient K was 90.80% and Stochastic coefficient D was 79.49%, while ATR was 0.50. Given the Stochastic reading of 95.65% for the 14-day period, the RSI (14) reading has been calculated as 60.86%. As of today, the MACD Oscillator reading stands at 0.32, while the 14-day reading stands at 0.48.

Analyst Ratings

Elme Communities (ELME) has been rated Hold by analysts. According to 0 brokerage firms, ELME is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Elme Communities stock as buy, with 1 recommending it as overweight.

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