As of Friday close, Ellington Financial Inc.’s (NYSE:EFC) stock was down -$0.63, moving down -5.50 percent to $10.83. The average number of shares traded per day over the past five days has been 1,871,340 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.67 fall in that time frame. In the last twenty days, the average volume was 1,035,090, while in the previous 50 days, it was 878,842.
Since last month, EFC stock retreated -20.95%. Shares of the company fell to $10.81 on 03/17/23, the lowest level in the past month. A 52-week high of $18.13 was reached on 02/02/23 after having rallying from a 52-week low of $10.81. Since the beginning of this year, EFC’s stock price has dropped by -12.45% or -$1.54, and marked a new high 13 times. However, the stock has declined by -40.26% since its 52-week high.
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The stock’s beta is 1.88. Besides these, the trailing price-to-sales (P/S) ratio of 2.73, the price-to-book (PB) ratio of 0.70.
The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15.
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 10.11, and the total debt-to-equity ratio was 12.81. On the profitability front, the trailing twelve-month gross margin is 40.30% percent. In the year ended December 30, operating margins totaled 22.50%. Based on annual data, EFC earned $176.8 million in gross profit and brought in $282.22 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.60%. Return on equity (ROE) for the past 12 months was -8.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Ellington Financial Inc. to report $0.44 quarterly earnings, the actual figure was $0.42 per share, beating the consensus estimate by -4.50%.
This quick technical analysis looks at Ellington Financial Inc.’s (EFC) price momentum. With a historical volatility rate of 33.84%, the RSI 9-day stood at 19.18% on 17 March.
With respect to its five-day moving average, the current Ellington Financial Inc. price is down by -5.83% percent or -$0.67. At present, EFC shares trade -21.12% below its 20-day simple moving average and -11.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.31% below its SMA50 and -30.08% below its SMA200.
Stochastic coefficient K was 13.67% and Stochastic coefficient D was 17.69%, while ATR was 0.45. Given the Stochastic reading of 0.69% for the 14-day period, the RSI (14) reading has been calculated as 22.68%. As of today, the MACD Oscillator reading stands at -0.46, while the 14-day reading stands at -0.86.
Ellington Financial Inc. downgraded its rating on Ellington Financial Inc. (NYSE: EFC) to a Neutral in a note to investors on January 09, 2023. The analysts firm previously had an Outperform rating on the stock.Ellington Financial Inc. (EFC) has been rated Overweight by analysts. According to 0 brokerage firms, EFC is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ellington Financial Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $13.75 – $15.50. Based on these forecasts, analysts predict Ellington Financial Inc. (EFC) will achieve an average price target of $14.75.