Ellington Credit Co (NYSE:EARN) shares, rose in value on Friday, January 03, with the stock price up by 2.25% to the previous day’s close as strong demand from buyers drove the stock to $6.82.
Actively observing the price movement in the last trading, the stock closed the session at $6.67, falling within a range of $6.64 and $6.86. The PE ratio was 6.08 over 12-month period. Referring to stock’s 52-week performance, its high was $7.26, and the low was $5.54. On the whole, EARN has fluctuated by 1.64% over the past month.
With the market capitalization of Ellington Credit Co currently standing at about $198.99 million, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 14.08%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EARN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of EARN currently trading nearly 1.93% and 2.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.39, while the 7-day volatility ratio is showing 2.05% which for the 30-day chart, stands at 2.10%. Furthermore, Ellington Credit Co (EARN)’s beta value is 1.88, and its average true range (ATR) is 0.14.
A comparison of Ellington Credit Co (EARN) with its peers suggests the former has fared considerably weaker in the market. EARN showed an intraday change of 2.25% in last session, and over the past year, it grew by 13.67%%.
Data on historical trading for Ellington Credit Co (NYSE:EARN) indicates that the trading volumes over the past 10 days have averaged 0.52 and over the past 3 months, they’ve averaged 444.42K. According to company’s latest data on outstanding shares, there are 29.18 million shares outstanding.
Nearly 1.33% of Ellington Credit Co’s shares belong to company insiders and institutional investors own 23.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.78 million shares as on 2024-12-13, resulting in a short ratio of 1.75. According to the data, the short interest in Ellington Credit Co (EARN) stood at 274.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 0.67 million. The stock has risen by 3.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EARN stock heading into the next quarter.
