Ellington Credit Co (NYSE: EARN) is -1.36% lower on its value in year-to-date trading and has touched a low of $5.54 and a high of $7.26 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EARN stock was last observed hovering at around $6.59 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $6.53, the stock is -1.90% and -1.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.42 million and changing -0.91% at the moment leaves the stock -4.71% off its SMA200. EARN registered 6.53% gain for a year compared to 6-month loss of -6.71%. The firm has a 50-day simple moving average (SMA 50) of $6.6396 and a 200-day simple moving average (SMA200) of $6.85375.
The stock witnessed a -4.67% gain in the last 1 month and extending the period to 3 months gives it a -2.97%, and is -1.36% down 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 2.65% over the week and 2.27% over the month.
Ellington Credit Co (EARN) has around 170 employees, a market worth around $190.52M and $53.24M in sales. Current P/E ratio is 5.82 and Fwd P/E is 5.74. Profit margin for the company is 39.50%. Distance from 52-week low is 17.87% and -10.06% from its 52-week high. The company has generated returns on investments over the last 12 months (10.97%).
with sales reaching $9.65M over the same period.The EPS is expected to grow by 43.33% this year, but quarterly earnings will post 1,094.44% year-over-year. Quarterly sales are estimated to grow 2,459.39% in year-over-year returns.
80.0 institutions hold shares in Ellington Credit Co (EARN), with institutional investors hold 23.86% of the company’s shares. The shares outstanding are 29.18M, and float is at 28.79M with Short Float at 2.70%. Institutions hold 23.46% 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.
