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 May 3, 2024, EIC stock price climbed to $15.49 with 213,849 million shares trading.

EIC has a beta of 0.36, meaning it tends to be less sensitive to market movements. EIC has a correlation of 0.07 to the broad based SPY ETF.

EIC has a market cap of $170.24 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 has underperformed the market in the last year with a price return of +20.3% while the SPY ETF gained +27.0%. However, in the short term, EIC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +3.9% vs +3.7% return in SPY. But in the last 2 weeks, EIC shares have been beat by the market, returning -0.5% compared to an SPY return of +3.3%.

EIC support price is $15.28 and resistance is $15.68 (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.