Ellington Financial Inc (NYSE:EFC) shares, rose in value on Friday, November 22, with the stock price up by 0.97% to the previous day’s close as strong demand from buyers drove the stock to $12.52.
Actively observing the price movement in the last trading, the stock closed the session at $12.40, falling within a range of $12.45 and $12.55. The value of beta (5-year monthly) was 1.985 whereas the PE ratio was 9.77 over 12-month period. Referring to stock’s 52-week performance, its high was $13.46, and the low was $10.88. On the whole, EFC has fluctuated by -1.34% over the past month.
With the market capitalization of Ellington Financial Inc currently standing at about $1.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.64, with its dividend yield at 13.10%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 425.75M, with a low estimate of 112M and a high estimate of 124M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 116.57M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EFC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.28, with the price of EFC currently trading nearly 2.06% and -0.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.78, while the 7-day volatility ratio is showing 1.40% which for the 30-day chart, stands at 1.72%. Furthermore, Ellington Financial Inc (EFC)’s beta value is 1.98, and its average true range (ATR) is 0.20.
A comparison of Ellington Financial Inc (EFC) with its peers suggests the former has fared considerably weaker in the market. EFC showed an intraday change of 0.97% in last session, and over the past year, it shrunk by -4.06%%.
Data on historical trading for Ellington Financial Inc (NYSE:EFC) indicates that the trading volumes over the past 10 days have averaged 0.73 and over the past 3 months, they’ve averaged 829.46K. According to company’s latest data on outstanding shares, there are 90.66 million shares outstanding.
Nearly 2.54% of Ellington Financial Inc’s shares belong to company insiders and institutional investors own 55.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.93 million shares as on 2024-10-31, resulting in a short ratio of 6.48. According to the data, the short interest in Ellington Financial Inc (EFC) stood at 662.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 4.51 million. The stock has fallen by -1.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EFC stock heading into the next quarter.
