(EIC) Eagle Point Income - Ratings and Ratios

Eagle Point Income Company Inc (NYSE:EIC) is a United States-based closed-end investment fund primarily focused on structured credit instruments. It operates within the Diversified Metals & Mining sub-industry, although its investment strategy is more aligned with credit markets than traditional metals or mining. The company is listed on the New York Stock Exchange (NYSE) under the ticker symbol EIC.

From a technical standpoint, EIC is currently trading near its support levels, with the last price recorded at 14.98. Key resistance is at 15.3, while support levels are identified at 14.9, 14.6, and 13.9. The stocks short-term trend is bearish, as it is trading below its 20-day and 50-day Simple Moving Averages (SMA), which are 15.27 and 15.42, respectively. However, it is slightly above its 200-day SMA of 14.85, indicating potential long-term support. The Average True Range (ATR) of 0.21 suggests relatively low volatility in recent trading sessions.

Fundamentally, EIC has a market capitalization of $322.23 million, making it a mid-sized company. Its price-to-earnings (P/E) ratio of 5.42 indicates undervaluation compared to industry peers, while its forward P/E is not available, raising questions about future earnings visibility. The price-to-book (P/B) ratio of 1.02 suggests that the stock is trading near its book value, and its price-to-sales (P/S) ratio of 6.97 reflects a premium for its revenue generation capabilities. The return on equity (RoE) of 19.66% highlights strong profitability relative to shareholder equity.

3-Month Forecast:

Based on , EICs price action is expected to remain range-bound between 13.9 and 15.3 in the next three months. If the stock breaks below 13.9, it may test lower support levels, potentially reaching 13.2. Conversely, a breakout above 15.3 could trigger a bullish rally, targeting resistance at 16.1. The 20-day and 50-day SMAs will remain critical indicators for trend confirmation.

From a perspective, EICs ability to maintain its dividend payouts and navigate interest rate shifts will be key drivers. The companys strong RoE and attractive P/E ratio position it favorably, but the lack of forward P/E data may weigh on investor sentiment. Market participants should monitor earnings updates and macroeconomic trends impacting structured credit markets.