Ellington Credit Co (NYSE: EARN) is -20.39% lower on its value in year-to-date trading and has touched a low of $5.41 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 $5.50 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $5.27, the stock is -10.26% and -15.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.57 million and changing -4.18% at the moment leaves the stock -21.13% off its SMA200. EARN registered -24.39% loss for a year compared to 6-month loss of -24.50%. The firm has a 50-day simple moving average (SMA 50) of $6.272 and a 200-day simple moving average (SMA200) of $6.6816.
The stock witnessed a -17.27% gain in the last 1 month and extending the period to 3 months gives it a -19.79%, and is -10.07% 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 3.98% over the week and 2.62% over the month.
Ellington Credit Co (EARN) has around 160 employees, a market worth around $197.94M and $70.28M in sales. Current P/E ratio is 17.24 and Fwd P/E is 4.71. Profit margin for the company is 9.37%. Distance from 52-week low is -2.59% and -27.41% from its 52-week high. The company has generated returns on investments over the last 12 months (3.40%).
The EPS is expected to shrink by -14.76% this year
88.0 institutions hold shares in Ellington Credit Co (EARN), with institutional investors hold 19.03% of the company’s shares. The shares outstanding are 29.65M, and float is at 28.80M with Short Float at 2.30%. Institutions hold 18.78% 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 3.1562 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.29 million shares representing 1.403 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.
