Ellington Credit Co (NYSE: EARN) is -10.88% lower on its value in year-to-date trading and has touched a low of $6.03 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 $6.11 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $5.90, the stock is -7.91% and -9.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -3.44% at the moment leaves the stock -12.85% off its SMA200. EARN registered -5.75% loss for a year compared to 6-month loss of -14.62%. The firm has a 50-day simple moving average (SMA 50) of $6.5126 and a 200-day simple moving average (SMA200) of $6.77025.
The stock witnessed a -9.92% gain in the last 1 month and extending the period to 3 months gives it a -14.24%, and is -7.67% 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 3.26% over the week and 1.69% over the month.
Ellington Credit Co (EARN) has around 170 employees, a market worth around $172.14M and $70.28M in sales. Current P/E ratio is 19.31 and Fwd P/E is 5.02. Profit margin for the company is 9.37%. Distance from 52-week low is -2.16% and -18.73% from its 52-week high. The company has generated returns on investments over the last 12 months (3.44%).
The EPS is expected to shrink by -4.59% this year
89.0 institutions hold shares in Ellington Credit Co (EARN), with institutional investors hold 24.65% of the company’s shares. The shares outstanding are 29.65M, and float is at 28.80M with Short Float at 2.66%. Institutions hold 24.24% 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 1.2325 of the shares totaling 0.25 million with a market value of $1.74 million.
