Elme Communities (NYSE: ELME) is 12.84% higher on its value in year-to-date trading and has touched a low of $12.34 and a high of $18.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ELME stock was last observed hovering at around $15.49 in the last trading session, with the day’s gains setting it 1.74%.
Currently trading at $17.23, the stock is 12.87% and 12.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing 11.23% at the moment leaves the stock 6.63% off its SMA200. ELME registered 25.86% gain for a year compared to 6-month loss of 2.20%. The firm has a 50-day simple moving average (SMA 50) of $15.3794 and a 200-day simple moving average (SMA200) of $16.2586.
The stock witnessed a 17.13% gain in the last 1 month and extending the period to 3 months gives it a 0.00%, and is 10.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.59% over the week and 2.03% over the month.
Elme Communities (ELME) has around 255 employees, a market worth around $1.52B and $241.94M in sales. Profit margin for the company is -5.53%. Distance from 52-week low is 39.59% and -5.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.75%).
with sales reaching $61.05M over the same period.The EPS is expected to grow by 21.91% this year, but quarterly earnings will post 2.03% year-over-year. Quarterly sales are estimated to grow 2.58% in year-over-year returns.
Elme Communities (ELME) Top Institutional Holders
334.0 institutions hold shares in Elme Communities (ELME), with institutional investors hold 93.51% of the company’s shares. The shares outstanding are 88.03M, and float is at 85.15M with Short Float at 3.04%. Institutions hold 92.22% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.78 million shares valued at $267.34 million. The investor’s holdings represent 19.0902% of the ELME Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.89 million shares valued at $221.23 million to account for 15.7978 of the shares outstanding. The other top investors are FMR LLC which holds 5.47 million shares representing 6.2175% and valued at over $87.07 million, while STATE STREET CORP holds 5.8451 of the shares totaling 5.14 million with a market value of $82.78 million.
Elme Communities (ELME) Insider Activity
#####
