Currently, there are 29.18M common shares owned by the public and among those 28.82M shares have been available to trade.
The company’s stock has a 5-day price change of 1.83% and -3.47% over the past three months. EARN shares are trading 8.97% year to date (YTD), with the 12-month market performance up to 5.36% higher. It has a 12-month low price of $5.54 and touched a high of $7.26 over the same period. EARN has an average intraday trading volume of 431.38K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.32%, -0.92%, and -3.19% respectively.
Institutional ownership of Ellington Credit Co (NYSE: EARN) shares accounts for 23.14% of the company’s 29.18M shares outstanding.
It has a market capitalization of $194.90M and a beta (3y monthly) value of 1.89. The stock’s trailing 12-month PE ratio is 5.95, while the earnings-per-share (ttm) stands at $1.12. The company has a debt-to-equity ratio at 2.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.58% over the week and 2.00% over the month.
Earnings per share for the fiscal year are expected to increase by 43.33%, and -7.71% over the next financial year.
Looking at the support for the EARN, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on December 06, 2023, with the firm’s price target at $6. BTIG Research was of a view on November 08, 2021 that the stock is Neutral, while Piper Sandler gave the stock Overweight rating on October 12, 2021, issuing a price target of $12.50. JMP Securities on their part issued Mkt Outperform rating on July 29, 2019.
