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Ellington Credit Co (NYSE: EARN) closed the day trading at $6.37 down -2.15% from the previous closing price of $6.51. In other words, the price has decreased by -$2.15 from its previous closing price. On the day, 0.77 million shares were traded. EARN stock price reached its highest trading level at $6.598 during the session, while it also had its lowest trading level at $6.25.
Ratios:
For a better understanding of EARN, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 3.96 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 164878528 and an Enterprise Value of 530553920. As of this moment, Ellington’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.37, and their Forward P/E ratio for the next fiscal year is 5.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.59 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 28.805.
Stock Price History:
Over the past 52 weeks, EARN has reached a high of $7.26, while it has fallen to a 52-week low of $5.42. The 50-Day Moving Average of the stock is -6.92%, while the 200-Day Moving Average is calculated to be -5.44%.
Shares Statistics:
Over the past 3-months, EARN traded about 378.52K shares per day on average, while over the past 10 days, EARN traded about 512670 shares per day. A total of 25.33M shares are outstanding, with a floating share count of 24.98M. Insiders hold about 1.38% of the company’s shares, while institutions hold 14.49% stake in the company. Shares short for EARN as of 1728950400 were 436302 with a Short Ratio of 1.15, compared to 1726185600 on 248380. Therefore, it implies a Short% of Shares Outstanding of 436302 and a Short% of Float of 1.7500000000000002.
Dividends & Splits
EARN’s forward annual dividend rate is 0.96, up from 0.96 a year ago. Against a Trailing Annual Dividend Yield of 0.14746542The stock’s 5-year Average Dividend Yield is 12.93.
