The stock of Ellington Credit Co (EARN) has seen a 2.95% increase in the past week, with a 0.00% drop in the past month, and a -5.16% decrease in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 2.17% for EARN. The simple moving average for the past 20 days is 0.74% for EARN’s stock, with a -3.22% simple moving average for the past 200 days.
Is It Worth Investing in Ellington Credit Co (NYSE: EARN) Right Now?
The price-to-earnings ratio for Ellington Credit Co (NYSE: EARN) is above average at 5.90x. The 36-month beta value for EARN is also noteworthy at 1.89. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for EARN is 28.80M, and at present, short sellers hold a 2.93% of that float. The average trading volume of EARN on January 20, 2025 was 469.64K shares.
EARN) stock’s latest price update
The stock price of Ellington Credit Co (NYSE: EARN) has jumped by 0.46 compared to previous close of 6.59. Despite this, the company has seen a gain of 2.95% in its stock price over the last five trading days. businesswire.com reported 2025-01-08 that OLD GREENWICH, Conn.–(BUSINESS WIRE)–Ellington Credit Company (NYSE: EARN) (the “Company”) today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on February 25, 2025 to shareholders of record as of January 31, 2025. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forwar.
Analysts’ Opinion of EARN
Many brokerage firms have already submitted their reports for EARN stocks, with UBS repeating the rating for EARN by listing it as a “Neutral.” The predicted price for EARN in the upcoming period, according to UBS is $6 based on the research report published on December 06, 2023 of the previous year 2023.
EARN Trading at -0.07% from the 50-Day Moving Average
After a stumble in the market that brought EARN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.82% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +0.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.60% upper at present.
During the last 5 trading sessions, EARN rose by +2.95%, which changed the moving average for the period of 200-days by -5.29% in comparison to the 20-day moving average, which settled at $6.57. In addition, Ellington Credit Co saw 0.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EARN
Current profitability levels for the company are sitting at:
- 3.14 for the present operating margin
- 0.84 for the gross margin
The net margin for Ellington Credit Co stands at 1.48. The total capital return value is set at 0.23. Equity return is now at value 13.88, with 2.32 for asset returns.
Currently, EBITDA for the company is 49.81 million with net debt to EBITDA at -0.54. When we switch over and look at the enterprise to sales, we see a ratio of 11.82. The receivables turnover for the company is 0.24for trailing twelve months and the total asset turnover is 0.02.
Conclusion
In summary, Ellington Credit Co (EARN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
