Ellington Credit Co (NYSE: EARN) is -13.75% lower on its value in year-to-date trading and has touched a low of $4.32 and a high of $7.20 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 $5.67 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $5.71, the stock is 0.87% and 4.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 0.71% at the moment leaves the stock -8.98% off its SMA200. EARN registered -18.89% loss for a year compared to 6-month loss of -16.40%.
The stock witnessed a 1.60% gain in the last 1 month and extending the period to 3 months gives it a -0.87%, and is -0.35% 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 0.96% over the week and 1.21% over the month.
Ellington Credit Co (EARN) has around 160 employees, a market worth around $214.46M and $99.70M in sales. Fwd P/E is 5.26. Profit margin for the company is -5.26%. Distance from 52-week low is 32.02% and -20.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.71%).
with sales reaching $12.15M over the same period.The EPS is expected to shrink by -16.81% this year, but quarterly earnings will post 208.42% year-over-year. Quarterly sales are estimated to grow 211.74% in year-over-year returns.
The shares outstanding are 37.56M, and float is at 37.05M with Short Float at 1.24%.
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 3.8858 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.
Ellington Credit Co (EARN) Insider Activity
The most recent transaction is an insider purchase by Borenstein Gregory Morris, the company’s Portfolio Manager. SEC filings show that Borenstein Gregory Morris bought 8,000 shares of the company’s common stock on Apr 09 ’25 at a price of $4.73 per share for a total of $37874.0. Following the purchase, the insider now owns 18000.0 shares.
