Ally Financial Inc (NYSE: ALLY): To Buy Or Not To Buy, That Is The Question

Ally Financial Inc (ALLY) concluded trading on Thursday at a closing price of $39.49, with 2.28 million shares of worth about $90.17 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.11% during that period and on November 28, 2024 the price saw a gain of about 0.18%. Currently the company’s common shares owned by public are about 302.46M shares, out of which, 301.56M shares are available for trading.

Stock saw a price change of 11.15% in past 5 days and over the past one month there was a price change of 12.51%. Year-to-date (YTD), ALLY shares are showing a performance of 13.09% which increased to 41.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.50 but also hit the highest price of $45.46 during that period. The average intraday trading volume for Ally Financial Inc shares is 4.14 million. The stock is currently trading 7.38% above its 20-day simple moving average (SMA20), while that difference is up 10.63% for SMA50 and it goes to 2.70% higher than SMA200.

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Ally Financial Inc (NYSE: ALLY) currently have 302.46M outstanding shares and institutions hold larger chunk of about 91.33% of that.

The stock has a current market capitalization of $12.05B and its 3Y-monthly beta is at 1.40. PE ratio of stock for trailing 12 months is 15.81, while it has posted earnings per share of $2.50 in the same period. Its PEG reads 0.56 while making debt-to-equity ratio of 1.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALLY, volatility over the week remained 3.82% while standing at 2.96% over the month.

Stock’s fiscal year EPS is expected to drop by -2.89% while it is estimated to increase by 40.19% in next year. EPS is likely to grow at an annualized rate of 28.03% for next 5-years, compared to annual growth of 0.20% made by the stock over the past 5-years.

Coverage by JP Morgan stated Ally Financial Inc (ALLY) stock as an Overweight in their note to investors on October 07, 2024, suggesting a price target of $40 for the stock. On September 16, 2024, BTIG Research Downgrade their recommendations, while on July 08, 2024, JP Morgan Upgrade their ratings for the stock with a price target of $45. Stock get a Buy rating from Citigroup on June 24, 2024.

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