Elme Communities [ELME] stock is trading at $16.46, up 1.42%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ELME shares have gain 2.11% over the last week, with a monthly amount glided 0.49%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Elme Communities [NYSE: ELME] stock has seen the most recent analyst activity on January 17, 2025, when Truist upgraded its rating to a Buy. Previously, JP Morgan downgraded its rating to Neutral on December 17, 2024, and dropped its price target to $18. On October 21, 2024, Wolfe Research initiated with a Peer Perform rating. JP Morgan upgraded its rating to a Overweight and increased its price target to $18 on December 18, 2023. BTIG Research downgraded its rating to a Neutral.
Elme Communities [ELME] stock has fluctuated between $13.95 and $18.33 over the past year. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. Elme Communities [NYSE: ELME] shares were valued at $16.46 at the most recent close of the market. An investor can expect a potential return of 15.43% based on the average ELME price forecast.
Analyzing the ELME fundamentals
Elme Communities [NYSE:ELME] reported sales of 243.91M for the trailing twelve months, which represents a growth of 3.33%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.31 points at the first support level, and at 16.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.55, and for the 2nd resistance point, it is at 16.63.
Ratios To Look Out For
For context, Elme Communities’s Current Ratio is 0.95. In addition, the Quick Ratio stands at 0.95 and the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 5.95, the price to book ratio is 1.37.
