This Analyst Recently Issued Research Note On Chimera Investment Corporation (CIM)


As of Friday close, Chimera Investment Corporation’s (NYSE:CIM) stock was down -$0.2, moving down -3.69 percent to $5.22. The average number of shares traded per day over the past five days has been 2,947,080 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.19 fall in that time frame. In the last twenty days, the average volume was 2,210,300, while in the previous 50 days, it was 1,837,254.

Since last month, CIM stock retreated -23.57%. Shares of the company fell to $5.10 on 03/13/23, the lowest level in the past month. A 52-week high of $12.73 was reached on 02/02/23 after having rallying from a 52-week low of $4.91. Since the beginning of this year, CIM’s stock price has dropped by -5.09% or -$0.28, and marked a new high 14 times. However, the stock has declined by -58.99% since its 52-week high.

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Valuation Metrics

The stock’s beta is 1.61. Besides these, the trailing price-to-sales (P/S) ratio of 1.82, the price-to-book (PB) ratio of 0.45, and the price-to-cash flow ratio of 33.32 may also be considered.

The latest dividend of $0.23 per share was paid out, remained unchanged from last year’s $0.23. On Wednesday September 21 2022, a $0.10 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 2.69, and the total debt-to-equity ratio was 3.98. On the profitability front, the trailing twelve-month gross margin is 47.00% percent. In the year ended December 30, operating margins totaled -73.70%. Based on annual data, CIM earned -$372.89 million in gross profit and brought in $773.12 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 -3.90%. Return on equity (ROE) for the past 12 months was -20.20%.

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 $0.23 quarterly earnings, the actual figure was $0.11 per share, beating the consensus estimate by -52.20%. During the quarter, the company generated $190.13 million in EBITDA. The value of shareholders’ equity is $231.83 million.

Technical Picture

This quick technical analysis looks at Chimera Investment Corporation’s (CIM) price momentum. With a historical volatility rate of 34.53%, the RSI 9-day stood at 16.64% on 17 March.

With respect to its five-day moving average, the current Chimera Investment Corporation price is down by -3.51% percent or -$0.19. At present, CIM shares trade -25.21% below its 20-day simple moving average and -10.15% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.81% below its SMA50 and -46.73% below its SMA200.

Stochastic coefficient K was 15.58% and Stochastic coefficient D was 18.97%, while ATR was 0.26. Given the Stochastic reading of 7.89% for the 14-day period, the RSI (14) reading has been calculated as 22.30%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at -0.51.

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 0 brokerage firms, CIM is a sell, and 5 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 $7.00, the current consensus forecast for the stock is $6.50 – $7.00. Based on these forecasts, analysts predict Chimera Investment Corporation (CIM) will achieve an average price target of $6.83.


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