For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Ellington Credit Co (NYSE: EARN) closed at $5.90 down -3.44% from its previous closing price of $6.11. In other words, the price has decreased by -$3.44 from its previous closing price. On the day, 1.46 million shares were traded. EARN stock price reached its highest trading level at $6.13 during the session, while it also had its lowest trading level at $5.78.
Ratios:
For a deeper understanding of Ellington Credit Co’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 70.84. 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 172141936 and an Enterprise Value of 598881088. As of this moment, Ellington’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.31, and their Forward P/E ratio for the next fiscal year is 5.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at -38.449.
Stock Price History:
The Beta on a monthly basis for EARN is 1.71, which has changed by -0.07668233 over the last 52 weeks, in comparison to a change of 0.07903516 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 $6.03. The 50-Day Moving Average of the stock is -9.41%, while the 200-Day Moving Average is calculated to be -12.85%.
Shares Statistics:
For the past three months, EARN has traded an average of 648.16K shares per day and 805450 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 1740700800 were 767287 with a Short Ratio of 1.18, compared to 1738281600 on 951170. Therefore, it implies a Short% of Shares Outstanding of 767287 and a Short% of Float of 2.6700001.
Dividends & Splits
According to the company, the forward annual dividend rate for EARN is 0.96, from 0.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 13.17.
