Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Elme Communities (NYSE: ELME) closed at $17.21 in the last session, down -0.58% from day before closing price of $17.31. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 1.47 million shares were traded. ELME stock price reached its highest trading level at $17.335 during the session, while it also had its lowest trading level at $17.21.
Ratios:
We take a closer look at ELME’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 161.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.84. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.03. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.78.
JP Morgan Downgraded its Overweight to Neutral on December 17, 2024, whereas the target price for the stock was revised from $19 to $18.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ELME now has a Market Capitalization of 1517253504 and an Enterprise Value of 2220083456. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.14 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 8.99 whereas that against EBITDA is 20.338.
Stock Price History:
The Beta on a monthly basis for ELME is 0.80, which has changed by 0.035287023 over the last 52 weeks, in comparison to a change of 0.12469888 over the same period for the S&P500. Over the past 52 weeks, ELME has reached a high of $18.08, while it has fallen to a 52-week low of $13.95. The 50-Day Moving Average of the stock is 2.43%, while the 200-Day Moving Average is calculated to be 4.36%.
Shares Statistics:
According to the various share statistics, ELME traded on average about 1.24M shares per day over the past 3-months and 1807890 shares per day over the past 10 days. A total of 88.16M shares are outstanding, with a floating share count of 86.75M. Insiders hold about 1.60% of the company’s shares, while institutions hold 92.13% stake in the company. Shares short for ELME as of 1763078400 were 3336289 with a Short Ratio of 2.70, compared to 1760486400 on 2519987. Therefore, it implies a Short% of Shares Outstanding of 3336289 and a Short% of Float of 3.8399997999999997.
Dividends & Splits
The forward annual dividend rate for ELME is 0.72, which was 0.72 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.041594457. The stock’s 5-year Average Dividend Yield is 4.39.
Earnings Estimates
The performance of Elme Communities (ELME) in the stock market is under the watchful eye of 1.0 analysts actively contributing to its current rating.
Analysts are recommending an EPS of between -$0.16 and -$0.16 for the fiscal current year, implying an average EPS of -$0.16. EPS for the following year is -$0.11, with 1.0 analysts recommending between -$0.11 and -$0.11.
Revenue Estimates
According to 1 analysts,. The current quarter’s revenue is expected to be $44.76M. It ranges from a high estimate of $44.76M to a low estimate of $44.76M. As of. The current estimate, Elme Communities’s year-ago sales were $61.26MFor the next quarter, 1 analysts are estimating revenue of $24.98M. There is a high estimate of $25.15M for the next quarter, whereas the lowest estimate is $24.81M.
A total of 1 analysts have provided revenue estimates for ELME’s current fiscal year. The highest revenue estimate was $230.52M, while the lowest revenue estimate was $230.52M, resulting in an average revenue estimate of $230.52M. In the same quarter a year ago, actual revenue was $241.94MBased on 2 analysts’ estimates, the company’s revenue will be $83.02M in the next fiscal year. The high estimate is $99.92M and the low estimate is $66.12M.
