A Closer Look At Chimera Investment Corporation (CIM)’s Financials

As of Friday close, Chimera Investment Corporation’s (NYSE:CIM) stock was up $0.21, moving up 2.21 percent to $9.70. The average number of shares traded per day over the past five days has been 3,445,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.61 fall in that time frame. In the last twenty days, the average volume was 2,529,675, while in the previous 50 days, it was 2,094,590.

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Since last month, CIM stock retreated -11.50%. Shares of the company fell to $9.27 on 05/12/22, the lowest level in the past month. A 52-week high of $16.85 was reached on 01/04/22 after having rallying from a 52-week low of $9.27. Since the beginning of this year, CIM’s stock price has dropped by -35.68% or -$5.38, and marked a new high 2 times. However, the stock has declined by -42.43% since its 52-week high.

Chimera Investment Corporation (CIM) last reported insider trading activity 262 days ago on Aug 25. Kortman Kelley, the Principal Accounting Officer of the company, purchased of 300 shares for $26.26 on Aug 25. It resulted in a $7,878 investment by the insider.

Valuation Metrics

Right now, Chimera Investment Corporation (CIM) has a P/E ratio of about 4.00. The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 2.38, the price-to-book (PB) ratio of 0.09, and the price-to-cash flow ratio of 11.75 may also be considered.

The latest dividend of $0.33 per share was paid out, remained unchanged from last year’s $0.33. On Wednesday May 5 2021, a $0.03 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 2.09, and the total debt-to-equity ratio was 2.96. On the profitability front, the trailing twelve-month gross margin is 63.00% percent. In the year ended September 29, operating margins totaled 81.90%. Based on annual data, CIM earned $979.21 million in gross profit and brought in $937.55 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.50%. Return on equity (ROE) for the past 12 months was 19.60%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Chimera Investment Corporation to report $0.36 quarterly earnings, the actual figure was $0.42 per share, beating the consensus estimate by 16.70%. During the quarter, the company generated -$226.31 million in EBITDA. The value of shareholders’ equity is $237.05 million.

Technical Picture

This quick technical analysis looks at Chimera Investment Corporation’s (CIM) price momentum. With a historical volatility rate of 49.31%, the RSI 9-day stood at 37.07% on 13 May.

With respect to its five-day moving average, the current Chimera Investment Corporation price is down by -5.92% percent or -$0.61. At present, CIM shares trade -11.01% below its 20-day simple moving average and -33.06% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.95% below its SMA50 and -35.07% below its SMA200.

Stochastic coefficient K was 14.02% and Stochastic coefficient D was 10.35%, while ATR was 0.38. Given the Stochastic reading of 25.44% for the 14-day period, the RSI (14) reading has been calculated as 36.46%. As of today, the MACD Oscillator reading stands at -0.47, while the 14-day reading stands at -0.44.

Analyst Ratings

Chimera Investment Corporation downgraded its rating on Chimera Investment Corporation (NYSE: CIM) to an Underweight in a note to investors on December 10, 2020. The analysts firm previously had an Equal weight rating on the stock.Chimera Investment Corporation (CIM) has been rated Hold by analysts. According to 1 brokerage firm, CIM is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Chimera Investment Corporation stock as buy, with 1 recommending it as overweight.

With a median target price of $11.50, the current consensus forecast for the stock is $9.75 – $15.00. Based on these forecasts, analysts predict Chimera Investment Corporation (CIM) will achieve an average price target of $11.94.


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