EIC Stock Summary and Trading Ideas (Eagle Point Income Company | NYSE:EIC)

Eagle Point Income Co Inc is a non-diversified closed-end management investment company. Its primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation.

Eagle Point Income Company trades on the NYSE stock market under the symbol EIC.

As of April 23, 2024, EIC stock price climbed to $15.69 with 277,499 million shares trading.

EIC has a beta of 0.40, meaning it tends to be less sensitive to market movements. EIC has a correlation of 0.08 to the broad based SPY ETF.

EIC has a market cap of $171.56 million. This is considered a Micro Cap stock.

In the last 3 years, EIC stock traded as high as $19.53 and as low as $13.00.

EIC stock has underperformed the market in the last year with a return of +24.0%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EIC shares. However, EIC has outperformed the market in the last 3 month and 2 week periods, returning +5.8% and -2.3%, while SPY returned +4.9% and -2.5%, respectively. This indicates EIC has been having a stronger performance recently.

EIC support price is $15.37 and resistance is $15.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EIC stock will trade within this expected range on the day.