Chimera Investment Corporation (NYSE:CIM) finished Wednesday with an addition of $0.16 to close at $5.67, an upside of 2.90 percent. An average of 1,313,560 shares of common stock have been traded in the last five days. There was a gain of $0.10 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,877,000 shares traded, while the 50-day average volume stands at 2,080,342.
CIM stock has decreased by -9.28% in the last month. The company shares reached their 1-month lowest point of $5.44 on 08/18/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $4.48 and a high of $8.87 in 52 weeks. It has reached a new high 14 times so far this year and achieved 3.09% or $0.17 in price. In spite of this, the price is down -36.04% from the 52-week high.
Valuation Metrics
Chimera Investment Corporation (CIM) stock’s beta is 1.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.96, the price-to-book (PB) ratio at 0.51, and the price-to-cash flow ratio at 6.30.
Financial Health
Further, the company has a long term debt to equity ratio of 3.15 and a total debt to equity ratio of 4.19 for the recent quarter. Its gross profit as reported stood at -$372.89 million compared to revenue of $773.12 million.
Earnings Surprise
At the end of the recent quarter, Chimera Investment Corporation’s stock balance sheet showed total debt was $10.8 billion. Shareholders own equity worth $226.75 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Chimera Investment Corporation (CIM) price momentum. RSI 9-day as of the close on 23 August was 45.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.67%.
As of today, CIM’s price is $5.55 +1.80% or $0.10 from its 5-day moving average. CIM is currently trading -11.27% lower than its 20-day SMA and +3.66% higher than its 100-day SMA. However, the stock’s current price level is +6.58% above the SMA50 and -4.22% below the SMA200.
The stochastic %K and %D were 19.06% and 11.75%, respectively, and the average true range (ATR) was 0.15. With the 14-day stochastic at 37.70% and the average true range at 0.16, the RSI (14) stands at 46.03%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.15.
Analyst Ratings
Barclays downgraded Chimera Investment Corporation (NYSE: CIM) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for Chimera Investment Corporation (CIM) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CIM, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is CIM’s price target for the next 12 months?
Analysts predict a range of price targets between $5.50 and $6.00, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for Chimera Investment Corporation (CIM) stock is $5.67.
