The stock of Ally Financial Inc. (NYSE:ALLY) decreased by -$0.93 on Tuesday to finish at $27.37, down -3.29 percent. The last five days have seen an average of 2,572,900 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $2.92. The average number of shares traded over the last 20 days was 3,737,450, while the average volume over the last 50 days totaled 3,957,702.
ALLY stock dropped -0.83% since last month. On 07/17/23, the company’s shares reached a one-month low of $27.17. The stock touched a high of $37.88 on 02/02/23, after rallying from a low of $21.58 in 52 weeks. The price of ALLY stock has risen by 11.94% or $2.92 this year, reaching a new high 13 times. Still, the stock price is down -27.75% from the 52-week high.
Insider Transactions
ALLY stock investors should be aware that Ally Financial Inc. (ALLY) stock had its last reported insider trading activity 295 days ago on Oct 25. On Oct 25, Director MAGNER MARJORIE acquired 2,000 shares at $27.43 each. This transaction resulted in the insider spending $54,868.
Valuation Metrics
Ally Financial Inc. (ALLY) has a trailing price-to-earnings (P/E) ratio of 7.48. Beta for the stock is 1.33. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.65, the price-to-book (PB) ratio of 0.74, and the price-to-cash flow ratio of 3.21.
Company paid $0.30 per share in dividends, remained unchanged from $0.30 last year. A $0.05 dividend increase was reported on Tuesday January 11 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.34, and the total debt to equity ratio is 1.99. Ally Financial Inc.’s operating margin stood at 45.00% for the same period. Based on annual data, it had gross profit of $7.76 billion and revenue of $10.62 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ALLY’s return on assets (ROA) during the last 12 months has been 0.60%. There was a 18.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.40%.
Earnings Surprise
According to Ally Financial Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Ally Financial Inc.’s quarterly earnings would be $0.96, but it ended up being $0.92, beating the consensus by 4.30%. At the end of Ally Financial Inc.’s most recent quarter ended June 29, its total debt was $22.48 billion. Equity owned by shareholders amounts to $301.62 million.
Technical Picture
Here’s a quick look at Ally Financial Inc.’s (ALLY) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 32.30%, suggesting the stock is Neutral, with a 25.05% historical volatility rate.
The stochastic %K and %D were 9.87% and 14.43% respectively, while the average true range (ATR) was 0.89. Based on the 14-day stochastic reading of 1.55%, the RSI (14) reading is 40.23%. On the 9-day MACD Oscillator, the stock is at -0.60, and the 14-day reading is at -1.00.
Analyst Ratings
In its analyst report released on June 12, 2023, Odeon began covering Ally Financial Inc. (NYSE: ALLY). The stock was rated as a Sell by the brokerage firm. Analysts have assigned Ally Financial Inc. (ALLY) an Hold rating. ALLY is a stock that is recommended for selling by 4 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is ALLY’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $45.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for Ally Financial Inc. (ALLY) is $31.95.
