In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $14.77 in the prior trading day, Elme Communities (NYSE: ELME) closed at $14.66, down -0.74%. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 0.88 million shares were traded. ELME stock price reached its highest trading level at $14.865 during the session, while it also had its lowest trading level at $14.53.
Ratios:
Our goal is to gain a better understanding of ELME by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 179.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.21. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.63.
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, JP Morgan on December 17, 2024, Downgraded its rating to Neutral and sets its target price to $18 from $19 previously.
JP Morgan Upgraded its Neutral to Overweight on December 18, 2023, whereas the target price for the stock was revised from $16 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 1290231040 and an Enterprise Value of 1974928640. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.39 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 8.245 whereas that against EBITDA is 16.489.
Stock Price History:
Over the past 52 weeks, ELME has reached a high of $18.49, while it has fallen to a 52-week low of $12.74. The 50-Day Moving Average of the stock is -9.42%, while the 200-Day Moving Average is calculated to be -9.36%.
Shares Statistics:
The stock has traded on average 584.34K shares per day over the past 3-months and 610420 shares per day over the last 10 days, according to various share statistics. A total of 88.01M shares are outstanding, with a floating share count of 86.96M. Insiders hold about 1.20% of the company’s shares, while institutions hold 88.86% stake in the company. Shares short for ELME as of 1734048000 were 2149469 with a Short Ratio of 3.68, compared to 1731628800 on 1922792. Therefore, it implies a Short% of Shares Outstanding of 2149469 and a Short% of Float of 3.85.
Dividends & Splits
In the trailing 12 months, ELME’s forward annual dividend rate was 0.72, compared to 0.72 this year. Against a Trailing Annual Dividend Yield of 0.04874746The stock’s 5-year Average Dividend Yield is 4.55.
