Chimera Investment Corporation (NYSE:CIM) saw a downside of -1.50% to close Monday at $5.93 after subtracting -$0.09 on the day. The 5-day average trading volume is 2,853,900 shares of the company’s common stock. It has gained $6.32 in the past week and touched a new high 1 time within the past 5 days. An average of 1,914,445 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,232,240.
CIM’s 1-month performance is 8.61% or $0.47 on its low of $5.42 reached on 07/10/23. The company’s shares have touched a 52-week low of $4.48 and high of $9.51, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, CIM has achieved 7.82% or $0.43 and has reached a new high 14 times. However, the current price is down -37.61% from the 52-week high price.
Valuation Metrics
CIM stock has a beta of 1.62. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.91 while the price-to-book (PB) in the most recent quarter is 0.52, with the price to cash flow ratio at 34.11.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.86, while the total debt to equity was 4.07. In terms of profitability, the gross margin trailing 12 months is 37.60%. The firm’s gross profit as reported stood at -$372.89 million against revenue of $773.12 million.
Earnings Surprise
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 $0.16 per share in earnings in its latest quarter, but it posted $0.12, representing a -25.00% surprise. EBITDA for the quarter stood at more than $90.57 million. Shareholders hold equity totaling $226.75 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 07 August was 46.21% to suggest the stock is trending Neutral, with historical volatility in this time period at 59.88%.
The stock’s 5-day moving average is $6.02, reflecting a -5.57% or -$0.35 change from its current price. CIM is currently trading +6.27% above its 20-day SMA, +7.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +24.32% and SMA200 by+4.04%.
Stochastic %K and %D was 27.45% and 37.39% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 49.98%, while the 14-day stochastic is at 34.12% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at -0.29 and -0.27 on the 14-day charts.
Analyst Ratings
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 $5.50 and a high of $6.00, with their median price target at $5.50. Looking at these predictions, the average price target given by analysts is for Chimera Investment Corporation (CIM) stock is $5.67.
