Chimera Investment Corporation (NYSE:CIM) saw an upside of 0.72% to close Tuesday at $15.37 after adding $0.11 on the day. The 5-day average trading volume is 1,352,360 shares of the company’s common stock. It has gained $15.48 in the past week. An average of 1,680,915 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,560,910.
CIM’s 1-month performance is 2.06% or $0.49 on its low of $14.75 reached on 10/06/21. The company’s shares have touched a 52-week low of $8.24 and high of $15.77, with the stock’s rally to the 52-week high happening on 06/10/21. YTD, CIM has achieved 49.95% or $5.12. However, the current price is down -2.54%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 36.22 and a low of 4.199. CIM stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.30 while the price-to-book (PB) in the most recent quarter is 0.98, with the price to cash flow ratio at 16.07.
Chimera Investment Corporation pays an annual dividend of $1.32 per share. Its dividend yield is 8.59% and the payout ratio is 37.50%. CIM paid $0.33 a share compared with prior rate of $0.33, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.03 reported on Wednesday May 5 2021. Measured over the last 3 years, the Dividend has been growing by -30.00% yearly.
It is projected that Chimera Investment Corporation’s next ex-dividend date will be on 23-Dec. CIM is expected to distribute $0.33 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.34, while the total debt to equity was 3.32. In terms of profitability, the gross margin trailing 12 months is 56.90%. while for the period ending June 29; Chimera Investment Corporation’s operating margin was 77.00%. The firm’s gross profit as reported stood at $29.2 million against revenue of $1.03 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CIM to announce $0.34 per share in earnings in its latest quarter, but it posted $0.54, representing a 58.80% surprise. EBITDA for the quarter stood at more than $219.11 million. CIM stock balance sheet for the quarter ending June 29 shows that, with total debt at $12.05 billion. Shareholders hold equity totaling $235.96 million
Let’s look briefly at Chimera Investment Corporation (CIM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 63.34% to suggest the stock is trending Neutral, with historical volatility in this time period at 9.35%.
The stock’s 5-day moving average is $15.21, reflecting a +2.19% or $0.33 change from its current price. CIM is currently trading +2.13% above its 20-day SMA, +11.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +5.78% and +44.86% respectively.
Stochastic %K and %D was 58.33% and 50.24% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 58.50%, while the 14-day stochastic is at 67.39% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at 0.18 and 0.09 on the 14-day charts.
In the most recent analyst report for Chimera Investment Corporation (NYSE: CIM), Barclays downgraded it to an Underweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for CIM stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate CIM as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is CIM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $12.25 and a high of $16.00, with their median price target at $14.50. Looking at these predictions, the average price target given by analysts is for Chimera Investment Corporation (CIM) stock is $14.25.