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The closing price of Elme Communities (NYSE: ELME) was $16.77 for the day, down -0.53% from the previous closing price of $16.86. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 0.93 million shares were traded. ELME stock price reached its highest trading level at $16.86 during the session, while it also had its lowest trading level at $16.73.
Ratios:
Our analysis of ELME’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 208.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.17. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 0.87. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.67.
On December 17, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation 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 1478461696 and an Enterprise Value of 2172637952. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.01 while its Price-to-Book (P/B) ratio in mrq is 1.41. Its current Enterprise Value per Revenue stands at 8.835 whereas that against EBITDA is 18.454.
Stock Price History:
The Beta on a monthly basis for ELME is 1.03, which has changed by -0.027262151 over the last 52 weeks, in comparison to a change of 0.13054323 over the same period for the S&P500. Over the past 52 weeks, ELME has reached a high of $18.33, while it has fallen to a 52-week low of $13.95. The 50-Day Moving Average of the stock is 3.60%, while the 200-Day Moving Average is calculated to be 4.16%.
Shares Statistics:
ELME traded an average of 863.98K shares per day over the past three months and 1077020 shares per day over the past ten days. A total of 88.16M shares are outstanding, with a floating share count of 86.94M. Insiders hold about 1.38% of the company’s shares, while institutions hold 92.86% stake in the company. Shares short for ELME as of 1753920000 were 1849458 with a Short Ratio of 2.14, compared to 1751241600 on 1980486. Therefore, it implies a Short% of Shares Outstanding of 1849458 and a Short% of Float of 3.3099998.
Dividends & Splits
With its trailing 12-month dividend rate of 0.72, ELME has a forward annual dividend rate of 0.56. Against a Trailing Annual Dividend Yield of 0.042704627The stock’s 5-year Average Dividend Yield is 4.49.
Earnings Estimates
As of right now, 1.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is -$0.02, with high estimates of -$0.02 and low estimates of -$0.02.
Analysts are recommending an EPS of between -$0.14 and -$0.14 for the fiscal current year, implying an average EPS of -$0.14. EPS for the following year is -$0.07, with 1.0 analysts recommending between -$0.07 and -$0.07.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $62.57M to a low estimate of $62.48M. As of the current estimate, Elme Communities’s year-ago sales were $61.05MFor the next quarter, 2 analysts are estimating revenue of $62.93M. There is a high estimate of $62.93M for the next quarter, whereas the lowest estimate is $62.93M.
A total of 1 analysts have provided revenue estimates for ELME’s current fiscal year. The highest revenue estimate was $248.8M, while the lowest revenue estimate was $248.8M, resulting in an average revenue estimate of $248.8M. In the same quarter a year ago, actual revenue was $241.94MBased on 2 analysts’ estimates, the company’s revenue will be $248.76M in the next fiscal year. The high estimate is $258.26M and the low estimate is $239.27M.
