Ally Financial Inc. (NYSE:ALLY) finished Thursday with a subtraction of -$0.17 to close at $28.73, a downside of -0.59 percent. An average of 3,154,920 shares of common stock have been traded in the last five days. There was a gain of $0.10 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 4,057,940 shares traded, while the 50-day average volume stands at 4,135,334.
ALLY stock has increased by 2.39% in the last month. The company shares reached their 1-month lowest point of $26.97 on 07/11/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $21.58 and a high of $37.88 in 52 weeks. It has reached a new high 13 times so far this year and achieved 17.51% or $4.28 in price. In spite of this, the price is down -24.16% from the 52-week high.
Valuation Metrics
Ally Financial Inc. (ALLY) has a trailing price-to-earnings (P/E) ratio of 7.85. The stock’s beta is 1.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.67, the price-to-book (PB) ratio at 0.78, and the price-to-cash flow ratio at 3.87.
The company has a payout ratio of 32.70%. The company’s most recent quarterly dividend payment was $0.30 a share, without any change from last year. Its latest increase dividend $0.05 reported on Tuesday January 11 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 1.34 and a total debt to equity ratio of 1.99 for the quarter ending June 29. Its gross profit as reported stood at $7.76 billion compared to revenue of $10.62 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ally Financial Inc.’s return on assets was 0.60%.
Earnings Surprise
For the three-month period that ended June 29, Ally Financial Inc. had $20.14 billion in total debt. The analyst consensus anticipated Ally Financial Inc.’s latest quarter earnings to come in at $0.92 per share, but it turned out to be $0.96, a 4.30% surprise. At the end of the quarter ending June 29, Ally Financial Inc.’s stock balance sheet showed total debt was $22.48 billion. Shareholders own equity worth $301.62 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Ally Financial Inc. (ALLY) price momentum. RSI 9-day as of the close on 10 August was 45.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.45%.
As of today, ALLY’s price is $29.14 +0.35% or $0.10 from its 5-day moving average. ALLY is currently trading +1.16% higher than its 20-day SMA and +28.89% higher than its 100-day SMA. However, the stock’s current price level is +6.21% above the SMA50 and +10.20% above the SMA200.
The stochastic %K and %D were 31.20% and 45.83%, respectively, and the average true range (ATR) was 0.95. With the 14-day stochastic at 14.55% and the average true range at 0.94, the RSI (14) stands at 49.88%. The stock has reached -0.33 on the 9-day MACD Oscillator while the 14-day reading was at -0.34.
Analyst Ratings
Odeon launched coverage on Ally Financial Inc. (NYSE: ALLY) in its analyst report released on June 12, 2023. The firm assigned the stock a Sell rating. The consensus rating for Ally Financial Inc. (ALLY) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell ALLY, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is ALLY’s price target for the next 12 months?
Analysts predict a range of price targets between $21.00 and $45.00, with a median target of $32.00. Taking a look at these predictions, the average price target given by analysts for Ally Financial Inc. (ALLY) stock is $31.95.
