Market Insight: Ally Financial Inc (ALLY)’s Notable Gain, Closing at 38.46

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In the latest session, Ally Financial Inc (NYSE: ALLY) closed at $38.46 up 0.55% from its previous closing price of $38.25. In other words, the price has increased by $0.55 from its previous closing price. On the day, 1.95 million shares were traded. ALLY stock price reached its highest trading level at $38.67 during the session, while it also had its lowest trading level at $38.1.

Ratios:

For a deeper understanding of Ally Financial Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 1.25 whereas as Long-Term Debt/Eq ratio is at 0.92.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on April 09, 2024, Upgraded its rating to Buy and sets its target price to $46 from $42 previously.

On April 03, 2024, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also upped its target price recommendation from $37 to $39.

Morgan Stanley Upgraded its Equal-Weight to Overweight on February 08, 2024, whereas the target price for the stock was revised from $37 to $47.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 29 ’23 when DEBRUNNER DAVID J sold 3,750 shares for $35.00 per share. The transaction valued at 131,251 led to the insider holds 100,787 shares of the business.

DEBRUNNER DAVID J sold 3,750 shares of ALLY for $131,250 on Dec 15 ’23. The VP, CAO, Controller now owns 104,537 shares after completing the transaction at $35.00 per share. On Dec 14 ’23, another insider, DEBRUNNER DAVID J, who serves as the VP, CAO, Controller of the company, sold 7,500 shares for $33.80 each. As a result, the insider received 253,500 and left with 108,287 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALLY now has a Market Capitalization of 11691108352 and an Enterprise Value of 22992117760. As of this moment, Ally’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.72, and their Forward P/E ratio for the next fiscal year is 7.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 1.03. Its current Enterprise Value per Revenue stands at 3.328.

Stock Price History:

Over the past 52 weeks, ALLY has reached a high of $41.77, while it has fallen to a 52-week low of $22.54. The 50-Day Moving Average of the stock is -1.21%, while the 200-Day Moving Average is calculated to be 16.40%.

Shares Statistics:

For the past three months, ALLY has traded an average of 3.12M shares per day and 1878800 over the past ten days. A total of 302.46M shares are outstanding, with a floating share count of 301.21M. Insiders hold about 0.91% of the company’s shares, while institutions hold 90.28% stake in the company. Shares short for ALLY as of 1715731200 were 5792695 with a Short Ratio of 1.86, compared to 1713139200 on 7989700. Therefore, it implies a Short% of Shares Outstanding of 5792695 and a Short% of Float of 1.91.

Dividends & Splits

According to the company, the forward annual dividend rate for ALLY is 1.20, from 1.2 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03137255The stock’s 5-year Average Dividend Yield is 3.01.

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