For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Ellington Credit Co’s stock clocked out at $5.97, up 1.88% from its previous closing price of $5.86. In other words, the price has increased by $1.88 from its previous closing price. On the day, 0.58 million shares were traded. EARN stock price reached its highest trading level at $5.98 during the session, while it also had its lowest trading level at $5.84.
Ratios:
To gain a deeper understanding of EARN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 71.68. In the meantime, Its Debt-to-Equity ratio is 2.91 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on December 06, 2023, initiated with a Neutral rating and assigned the stock a target price of $6.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EARN now has a Market Capitalization of 177020048 and an Enterprise Value of 648967744. As of this moment, Ellington’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.54, and their Forward P/E ratio for the next fiscal year is 5.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 24.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.48 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 43.066.
Stock Price History:
The Beta on a monthly basis for EARN is 1.75, which has changed by -0.14347202 over the last 52 weeks, in comparison to a change of 0.08572841 over the same period for the S&P500. Over the past 52 weeks, EARN has reached a high of $7.26, while it has fallen to a 52-week low of $5.68. The 50-Day Moving Average of the stock is -6.13%, while the 200-Day Moving Average is calculated to be -11.04%.
Shares Statistics:
It appears that EARN traded 687.49K shares on average per day over the past three months and 696800 shares per day over the past ten days. A total of 29.65M shares are outstanding, with a floating share count of 28.80M. Insiders hold about 1.29% of the company’s shares, while institutions hold 24.02% stake in the company. Shares short for EARN as of 1741910400 were 662255 with a Short Ratio of 0.96, compared to 1739491200 on 663866. Therefore, it implies a Short% of Shares Outstanding of 662255 and a Short% of Float of 2.27.
Dividends & Splits
With its trailing 12-month dividend rate of 0.96, EARN has a forward annual dividend rate of 0.96. Against a Trailing Annual Dividend Yield of 0.16382252The stock’s 5-year Average Dividend Yield is 13.17.
