Stock market investors may be closely tracking recent trends. Many investors will keep an eye on where a certain stock has been when trying to project where it is headed. Tracking recent action for Ellington Financial LLC (NYSE:EFC), we have seen shares trading close to the 17.47 mark. Taking a wider look back, shares have seen a change of -0.8% over the last 12 weeks. Heading back to the start of the year, we can see that shares have changed 13.96%. Over the past month, shares have seen a change of 1.39%. Over the last week, the stock has moved -0.91%. Taking a look at some popular possible support and resistance levels, we note that the 52-week high is currently 18.46, and the 52-week low is presently 14.87. When a stock price is trading close to the 52-week high or 52-week low, investors may closely track activity to watch for a move through the level.
As investors gear up for the stretch run towards the end of the year, the focus will be on which way stock market momentum seems to be shifting. Investors may be taking note of various economic reports and keeping a close eye on global political news. There are many factors that can affect the price of a stock. Tracking the markets from different angles may help to put together the bigger investing picture. Investors may be wondering if they have missed the boat as stocks have cooled off a bit recently. It may be wise to remember that there are always plenty of market opportunities to take advantage of. Diving into the fray may not be necessary until all the boxes are ticked off on the investor’s checklist.
Shifting the focus to some earnings data, we have noted that the current quarter EPS consensus estimate for Ellington Financial LLC (NYSE:EFC) is 0.42. This EPS estimate consists of 1 Wall Street analysts taken into consideration by Zacks Research. For the previous reporting period, the company posted a quarterly EPS of 0.46. Sell-side analysts often provide their best researched estimates at what the company will report. These estimates hold a lot of weight on Wall Street and the investing community. Sometimes these analyst projections are spot on, and other times they are off. When a company reports actual earnings results, the surprise factor can cause a stock price to fluctuate. Investors will often pay added attention to a company that has beaten estimates by a large margin.
Looking at some analyst views on shares of Ellington Financial LLC (NYSE:EFC), we note that the consensus target price is resting at $19.25. This is the consensus target using estimates provided by the covering analysts polled. Sell-side analysts often produce target estimates for the companies that they track closely. Price target estimates can be calculated using various methods, and this may cause some analyst estimates to be drastically different than others. Many investors will track stock target prices, especially when analysts update the target price projections.
Investors might be paying attention to what Wall Street analysts think about shares of Ellington Financial LLC (NYSE:EFC). Taking a peek at the current consensus broker rating, we can see that the ABR is 1. This average rating is provided by Zacks Research. This simplified numeric scale spans the range of one to five which translates brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 indicates a Hold and 4-5 represents a consensus Sell rating. In terms of the number of analysts that have the stock rated as a Buy or Strong Buy, we can see that the number is currently 2.
Investors may be combing through all the latest company earnings reports. They may be trying to figure out which companies look like they are going to be strong over the next few quarters. Earnings reports have the ability to cause dramatic stock price swings. Many investors will stay away from making any big trades around earnings announcements. When the dust settles, it may be much easier to determine whether a stock is worth buying or if it should be sold. Keeping a close eye on historical earnings results can provide some good insight. Companies that consistently produce solid earnings may be worth looking into further, especially if the investor is on the fence about getting into the name.
