Ellington Credit Co. (NYSE: EARN) is 14.36% higher on its value in year-to-date trading and has touched a low of $5.09 and a high of $7.26 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 EARN stock was last observed hovering at around $7.00 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $7.01, the stock is 1.90% and 0.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.54 million and changing 0.14% at the moment leaves the stock 6.88% off its SMA200. EARN registered 4.63% gain for a year compared to 6-month gain of 17.82%.
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The stock witnessed a -0.14% loss in the last 1 month and extending the period to 3 months gives it a -0.71%, and is 2.19% 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 1.49% over the week and 2.10% over the month.
Ellington Credit Co. (EARN) has around 170 employees, a market worth around $177.56M and $11.06M in sales. Current P/E ratio is 44.42 and Fwd P/E is 6.02. Profit margin for the company is 37.65%. Distance from 52-week low is 37.72% and -3.44% from its 52-week high. The company has generated returns on investments over the last 12 months (2.85%).
The EPS is expected to grow by 45.74% this year
62.0 institutions hold shares in Ellington Credit Co. (EARN), with institutional investors hold 14.42% of the company’s shares. The shares outstanding are 25.33M, and float is at 24.97M with Short Float at 1.36%. Institutions hold 14.19% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.79 million shares valued at $5.5 million. The investor’s holdings represent 4.0459 of the EARN Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 0.64 million shares valued at $4.46 million to account for 3.2863 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.29 million shares representing 1.4608 and valued at over $1.98 million, while TWO SIGMA INVESTMENTS, LP holds 1.2833 of the shares totaling 0.25 million with a market value of $1.74 million.
