As of Wednesday close, Chimera Investment Corporation’s (NYSE:CIM) stock was down -$0.03, moving down -0.50 percent to $5.95. The average number of shares traded per day over the past five days has been 1,832,940 shares. 3 times new highs have been achieved over the past 5 days, with a $0.28 gain in that time frame. In the last twenty days, the average volume was 1,790,120, while in the previous 50 days, it was 1,962,542.
Since last month, CIM stock retreated -4.95%. Shares of the company fell to $5.44 on 08/18/23, the lowest level in the past month. A 52-week high of $8.70 was reached on 02/02/23 after having rallying from a 52-week low of $4.48. Since the beginning of this year, CIM’s stock price has risen by 8.18% or $0.45, and marked a new high 14 times. However, the stock has declined by -31.59% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.62. Besides these, the trailing price-to-sales (P/S) ratio of 2.04, the price-to-book (PB) ratio of 0.53, and the price-to-cash flow ratio of 6.56 may also be considered.
The latest dividend of $0.18 per share was paid out, remained unchanged from last year’s $0.18. On Wednesday June 14 2023, a $0.05 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.15, and the total debt-to-equity ratio was 4.19. On the profitability front, the trailing twelve-month gross margin is 27.80% percent. In the year ended June 29, operating margins totaled 0.60%. 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 -2.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Chimera Investment Corporation to report $0.16 quarterly earnings, the actual figure was $0.12 per share, beating the consensus estimate by -25.00%. During the quarter, the company generated $90.57 million in EBITDA. The value of shareholders’ equity is $226.75 million.
Technical Picture
This quick technical analysis looks at Chimera Investment Corporation’s (CIM) price momentum. With a historical volatility rate of 23.77%, the RSI 9-day stood at 63.68% on 30 August.
With respect to its five-day moving average, the current Chimera Investment Corporation price is up by +4.94% percent or $0.28. At present, CIM shares trade -4.03% below its 20-day simple moving average and +6.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.59% above its SMA50 and -9.44% below its SMA200.
Stochastic coefficient K was 93.04% and Stochastic coefficient D was 78.49%, while ATR was 0.15. Given the Stochastic reading of 87.93% for the 14-day period, the RSI (14) reading has been calculated as 57.51%. As of today, the MACD Oscillator reading stands at 0.24, while the 14-day reading stands at 0.27.
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 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 $5.50, the current consensus forecast for the stock is $5.50 – $6.00. Based on these forecasts, analysts predict Chimera Investment Corporation (CIM) will achieve an average price target of $5.67.
