Ally Financial Inc [NYSE: ALLY] gained 0.55% on the last trading session, reaching $38.56 price per share at the time.
If compared to the average trading volume of 3.73M shares, ALLY reached a trading volume of 3633145 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Ally Financial Inc [ALLY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALLY shares is $43.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALLY stock is a recommendation set at 2.45. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Ally Financial Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 09, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $37 to $39. The new note on the price target was released on April 03, 2024, representing the official price target for Ally Financial Inc stock. Previously, the target price had yet another raise from $37 to $47, while Morgan Stanley kept a Overweight rating on ALLY stock.
The Average True Range (ATR) for Ally Financial Inc is set at 1.08, with the Price to Sales ratio for ALLY stock in the period of the last 12 months amounting to 0.72. The Price to Book ratio for the last quarter was 1.03. Price to Free Cash Flow for ALLY in the course of the last twelve months was 7.82.
Trading performance analysis for ALLY stock
Ally Financial Inc [ALLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.02. With this latest performance, ALLY shares dropped by -1.18% in over the last four-week period, additionally plugging by 61.41% over the last 6 months – not to mention a rise of 48.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALLY stock in for the last two-week period is set at 50.35, with the RSI for the last a single of trading hit 48.46, and the three-weeks RSI is set at 51.66 for Ally Financial Inc [ALLY]. The present Moving Average for the last 50 days of trading for this stock 38.09, while it was recorded at 38.90 for the last single week of trading, and 31.80 for the last 200 days.
Ally Financial Inc [ALLY]: A deeper dive into fundamental analysis
Ally Financial Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 6.50.
Ally Financial Inc [ALLY]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALLY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ally Financial Inc go to -3.60%.
An analysis of Institutional ownership at Ally Financial Inc [ALLY]
The top three institutional holders of ALLY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ALLY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ALLY stock with ownership which is approximately 5.8386%.
