Ally Financial Inc (NYSE: ALLY) Is A Safe Investment Now, Isn’t It?

Ally Financial Inc (NYSE:ALLY) shares, rose in value, with the stock price down by -0.26% to the previous day’s close as strong demand from buyers drove the stock to $38.38.

Actively observing the price movement in the last trading, the stock closed the session at $38.48. The value of beta (5-year monthly) was 1.38 whereas the PE ratio was 12.85 over 12-month period. Referring to stock’s 52-week performance, its high was $41.56, and the low was $22.54. On the whole, ALLY has fluctuated by 6.43% over the past month.

With the market capitalization of Ally Financial Inc currently standing at about $11.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 17, 2024 – Apr 22, 2024. The company’s Forward Dividend Ratio is 1.20, with its dividend yield at 3.13%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.41, which is expected to increase to $0.98 for fiscal year $3.03 and then to about $5.35 by fiscal year 2025. Data indicates that the EPS growth is expected to be -0.70% in 2025, while the next year’s EPS growth is forecast to be 76.60%.

Analysts have estimated the company’s revenue for the quarter at $1.98 billion, with a low estimate of $1.93 billion and a high estimate of $2.03 billion. According to the average forecast, sales growth in current quarter could jump down -5.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $8.26 billion, representing an increase of 0.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that ALLY’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ALLY currently trading nearly -0.82% and 2.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.33, while the 7-day volatility ratio is showing 2.73% which for the 30-day chart, stands at 2.51%. Furthermore, Ally Financial Inc (ALLY)’s beta value is 1.39, and its average true range (ATR) is 1.02.

A comparison of Ally Financial Inc (ALLY) with its peers suggests the former has fared considerably weaker in the market. ALLY showed an intraday change of -0.26% in last session, and over the past year, it grew by 48.41%%.

Data on historical trading for Ally Financial Inc (NYSE:ALLY) indicates that the trading volumes over the past 10 days have averaged 2.59 million and over the past 3 months, they’ve averaged 3.96 million. According to company’s latest data on outstanding shares, there are 302.46 million shares outstanding.

Nearly 1.08% of Ally Financial Inc’s shares belong to company insiders and institutional investors own 89.17% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.72 million shares as on Mar 15, 2024, resulting in a short ratio of 2.77. According to the data, the short interest in Ally Financial Inc (ALLY) stood at 3.53% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.16 million. The stock has risen by 9.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALLY stock heading into the next quarter.

Most Popular