Elme Communities (NYSE:ELME) currently has a daily average trading volume of 736.40K but it saw 581861 shares traded in last market. With a market cap of 1.41B USD, the company’s current market price of $16.00 came rising about 0.88 while comparing to the previous closing price of $15.86. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.33 and as low as $13.95.
Taking a look at 20-day trading activity of Elme Communities (ELME) gives us an average price of $15.54, while its current price level is -12.69% below from 52-week high level whereas it is 14.70% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $16.38 while that of 200 days or SMA-200 reads an average of $16.50. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.94% during that period while stretching the period over a month that increases to 3.09%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.74 which implies that the stock is in neutral territory.
JP Morgan downgraded its recommendation for the stock as a “Neutral” from “Overweight” on December 17, 2024 while assigning a price target range of $19-$18.
Over the week, ELME’s stock price is moving 0.57% up while it is 8.92% when we observe its performance for the past one month. Year-to-date it is 4.78% up and over the past year, the stock is showing an upside performance of 7.12%.
Currently, Elme Communities’s total number of outstanding shares is 88.16M with 1.35% of that held by the insiders while 93.86% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.82% and return on equity (ROE) at -1.29%. Stock’s beta reads 1.01. Stock has a price to book (P/B) ratio of 1.33 while price to sale or P/S ratio amounts to 5.78. Its return on asset (ROA) is -0.76% on average.
