Ally Financial Inc. (NYSE:ALLY) saw a downside of -4.20% to close Tuesday at $26.01 after subtracting -$1.14 on the day. The 5-day average trading volume is 2,631,880 shares of the company’s common stock. It has gained $27.61 in the past week and touched a new high 1 time within the past 5 days. An average of 3,067,065 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,857,296.
ALLY’s 1-month performance is -12.16% or -$2.69 on its low of $25.99 reached on 08/22/23. The company’s shares have touched a 52-week low of $21.58 and high of $36.20, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, ALLY has achieved 6.38% or $1.56 and has reached a new high 13 times. However, the current price is down -28.15% from the 52-week high price.
Valuation Metrics
ALLY stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.62 while the price-to-book (PB) in the most recent quarter is 0.70, with the price to cash flow ratio at 3.03.
As well, the company’s long term debt to equity for the quarter ending June 30 was 1.34, while the total debt to equity was 1.99. The firm’s gross profit as reported stood at $7.76 billion against revenue of $10.62 billion.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ALLY to announce $0.92 per share in earnings in its latest quarter, but it posted $0.96, representing a 4.30% surprise. Shareholders hold equity totaling $301.62 million.
Let’s look briefly at Ally Financial Inc. (ALLY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 24.83% to suggest the stock is trending oversold, with historical volatility in this time period at 24.72%.
The stock’s 5-day moving average is $26.85, reflecting a -4.97% or -$1.36 change from its current price. ALLY is currently trading -9.97% above its 20-day SMA, +4.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.11% and SMA200 by-2.44%.
Stochastic %K and %D was 14.28% and 12.63% and the average true range (ATR) pointed at 0.89. The RSI (14) points at 33.24%, while the 14-day stochastic is at 0.54% with the period’s ATR at 0.90. The stock’s 9-day MACD Oscillator is pointing at -0.70 and -1.28 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Ally Financial Inc. (NYSE: ALLY), Odeon launched coverage with a Sell rating. Analysts offering their rating for ALLY stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate ALLY as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is ALLY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $21.00 and a high of $45.00, with their median price target at $32.00. Looking at these predictions, the average price target given by analysts is for Ally Financial Inc. (ALLY) stock is $31.95.
