After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Ally Financial Inc. (ALLY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.11%, to $27.66. The Ally Financial Inc. has recorded 528,670 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Ally Financial reports second quarter 2023 financial results.
ALLY belongs to the Financial sector of the NYSE while operating in the Credit Services industry. At the end of the last regular session, the stock closed at $27.69 and fluctuated between $28.19 as its day high and $26.83 as its day low. The current market capitalization of Ally Financial Inc. is $8.53B. A total of 6.44 million shares were traded on the day, compared to an average of 3.80M shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ALLY has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 90,119 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 28 SELLs from insiders. Insiders purchased 479,819 shares during that period but sold 100,835.
In the most recent transaction, MAGNER MARJORIE bought 2,000 shares of ALLY for 27.43 per share on Oct 25. After the transaction, the Director now owns 55,603 company shares.
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Ally Financial Inc. pays an annual dividend of $1.20, resulting in a dividend yield of 4.33%, and it has a price to earnings (P/E) ratio of 7.57. ALLY’s most recent ex-dividend date was 7/31/2023 when it declared a $0.30 quarterly dividend that was paid in cash on 8/15/2023. Previously, the company paid the dividend on 5/15/2023 with an ex-dividend date of 4/28/2023. The ALLY stock dividend was $0.30 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ALLY in the last 3 months, the mean price target is $31.61 with high estimates of $45.00 and low estimates of $21.00. In terms of 52-week highs and lows, ALLY has a high of $35.78 and a low of $21.58.
As of this writing, ALLY has an earnings estimate of $Allarity Therapeutics, Inc. per share for the current quarter. EPS was calculated based on a consensus of Eli Lilly and Company estimates, with a high estimate of $Allogene Therapeutics, Inc. per share and a lower estimate of $Ally Financial Inc.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $36.91, while its Total Shareholder’s Equity was $17.05B.
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALLY is Buy with a score of 3.31.