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Ally Financial Inc. (NYSE: ALLY) -0.53% Decline Turns Away Investor Interest In Company’s Stock

Ally Financial Inc. (NYSE:ALLY) traded at $26.10 at last check on Wednesday, November 23, made a downward move of -0.53% on its previous day’s price.

Looking at the stock we see that its previous close was $26.24 and the beta (5Y monthly) reads 1.27 with the day’s price range being $25.95 – $26.50. The company has a trailing 12-month PE ratio of 4.43. In terms of its 52-week price range, ALLY has a high of $53.83 and a low of $24.83. The company’s stock has lost about -1.28% over that past 30 days.

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Ally Financial Inc. has a market cap of $7.90 billion and is expected to release its quarterly earnings report on Jan 19, 2023 – Jan 23, 2023. With its Forward Dividend at 1.20 and a yield of 4.57%, the company’s investors could be anxious for the ALLY stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1, with the EPS growth for the year raised at $6.01 for 2022 and $4.63 for next year. These figures represent -30.20% and -23.00% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.04 billion, with a low of $1.91 billion and a high of $2.21 billion. The median projection represents growth adding up to -7.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $8.31 billion, or 1.30% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ALLY stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 21 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the Ally Financial Inc. (ALLY) stock as a Hold, while 11 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -2.75% off its SMA20 and -8.14% from its 50-day simple moving average. The RSI (14) is pointing at 43.80 while the volatility over the past week is 3.28% and jumps to 4.13% over the past one month. The beta value is 1.26, while the average true range (ATR) is currently pointing at 1.30. The average price target for the stock over the next 12 months is $33.11, with the estimates having a low of $23.00 and a high of $46.00. These price ends are 11.88% and -76.25% off the today’s price level respectively, although investors could be excited at the prospect of a -22.61% if the ALLY share price touches on the median price of $32.00.

Let’s briefly compare Ally Financial Inc. (ALLY) stock to its peers. We find that today’s price change of -0.53% and -46.46% over the past 12 months for ALLY competes that of Credit Acceptance Corporation (CACC), which has seen its stock price rise 0.63% in the latest trading session and is -26.96% over the last one year. Another of its peers Consumer Portfolio Services Inc. (CPSS) has gained 1.65% today, and was -5.17% down over the past year, while Nicholas Financial Inc. (NICK) is also down -1.06% yet, while its price remains in the red at -45.69% over the same period. Ally Financial Inc. has a P/E ratio of 4.43 compared to Credit Acceptance Corporation’s 10.75 and Consumer Portfolio Services Inc.’s 2.72. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.55% and 0.28%, respectively, in early deals.

Coming back to Ally Financial Inc. (NYSE:ALLY), we note that the average 3-month trading volume was 4.94 million, while that of the preceding 10-day period stands at 5.15 million. Current shares outstanding are 308.22 million.

The insiders hold 0.10% of the company’s shares while institutions hold 95.20%. The data shows that short shares as of Oct 30, 2022, stood at 12.44 million at a short ratio of 2.14. This represents a 4.17% short interest in shares outstanding on Oct 30, 2022. Shares short fall in October from the previous month at 12.49 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -44.89% down in year-to-date price movement.

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