As of Thursday close, Ellington Financial Inc.’s (NYSE:EFC) stock was down -$0.46, moving down -3.48 percent to $12.75. The average number of shares traded per day over the past five days has been 791,020 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.69 fall in that time frame. In the last twenty days, the average volume was 648,040, while in the previous 50 days, it was 680,888.
Since last month, EFC stock retreated -0.47%. Shares of the company fell to $12.73 on 09/21/23, the lowest level in the past month. A 52-week high of $14.56 was reached on 02/02/23 after having rallying from a 52-week low of $10.72. Since the beginning of this year, EFC’s stock price has risen by 3.07% or $0.38, and marked a new high 13 times. However, the stock has declined by -12.45% since its 52-week high.
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Valuation Metrics
Right now, Ellington Financial Inc. (EFC) has a P/E ratio of about 28.59. The stock’s beta is 1.84. Besides these, the trailing price-to-sales (P/S) ratio of 2.52, the price-to-book (PB) ratio of 0.86.
The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 9.97, and the total debt-to-equity ratio was 12.53. On the profitability front, the trailing twelve-month gross margin is 28.70% percent. In the year ended June 29, operating margins totaled -1.70%. 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 3.20%.
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 $0.38 per share, beating the consensus estimate by -13.60%. During the quarter, the company generated $117.84 million in EBITDA. The value of shareholders’ equity is $68.02 million.
Technical Picture
This quick technical analysis looks at Ellington Financial Inc.’s (EFC) price momentum. With a historical volatility rate of 21.06%, the RSI 9-day stood at 26.42% on 21 September.
With respect to its five-day moving average, the current Ellington Financial Inc. price is down by -5.13% percent or -$0.69. At present, EFC shares trade -1.92% below its 20-day simple moving average and -0.16% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.66% below its SMA50 and -7.41% below its SMA200.
Stochastic coefficient K was 33.15% and Stochastic coefficient D was 53.55%, while ATR was 0.21. Given the Stochastic reading of 1.96% for the 14-day period, the RSI (14) reading has been calculated as 33.48%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at -0.14.
Analyst Ratings
Keefe Bruyette upgraded its rating on Ellington Financial Inc. (NYSE: EFC) to an Outperform in a note to investors on May 15, 2023. The analysts firm previously had a Mkt perform rating on the stock.Ellington Financial Inc. (EFC) has been rated Overweight by analysts. According to 0 brokerage firms, EFC is a sell, and 2 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 5 recommending it as overweight.
With a median target price of $14.50, the current consensus forecast for the stock is $13.00 – $15.50. Based on these forecasts, analysts predict Ellington Financial Inc. (EFC) will achieve an average price target of $14.43.
