The stock of Chimera Investment Corporation (NYSE:CIM) increased by $0.03 on Tuesday to finish at $6.13, up 0.49 percent. The last five days have seen an average of 2,710,800 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.63. The average number of shares traded over the last 20 days was 1,899,815, while the average volume over the last 50 days totaled 1,814,244.
CIM stock appreciated 11.05% since last month. On 08/22/23, the company’s shares reached a one-month low of $5.46. The stock touched a high of $7.81 on 02/02/23, after rallying from a low of $4.48 in 52 weeks. The price of CIM stock has risen by 11.45% or $0.63 this year, reaching a new high 14 times. Still, the stock price is down -21.51% from the 52-week high.
Valuation Metrics
Beta for the stock is 1.61. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.12, the price-to-book (PB) ratio of 0.55, and the price-to-cash flow ratio of 6.83.
Company paid $0.18 per share in dividends, remained unchanged from $0.18 last year. A $0.05 dividend decrease was reported on Wednesday June 14 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.15, and the total debt to equity ratio is 4.19. As far as profitability goes, gross margin for the trailing twelve months is 27.80% percent. Chimera Investment Corporation’s operating margin stood at 0.60% for the same period. Based on annual data, it had gross profit of -$372.89 million and revenue of $773.12 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CIM’s return on assets (ROA) during the last 12 months has been -0.50%. There was a -3.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -2.60%.
Earnings Surprise
According to Chimera Investment Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Chimera Investment Corporation’s quarterly earnings would be $0.12, but it ended up being $0.16, beating the consensus by -25.00%. EBITDA was $90.57 million for the quarter. At the end of Chimera Investment Corporation’s most recent quarter ended June 29, its total debt was $10.8 billion. Equity owned by shareholders amounts to $226.75 million.
Technical Picture
Here’s a quick look at Chimera Investment Corporation’s (CIM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 67.90%, suggesting the stock is Neutral, with a 15.45% historical volatility rate.
The stochastic %K and %D were 83.18% and 85.72% respectively, while the average true range (ATR) was 0.13. Based on the 14-day stochastic reading of 71.11%, the RSI (14) reading is 62.16%. On the 9-day MACD Oscillator, the stock is at 0.11, and the 14-day reading is at 0.11.
Analyst Ratings
Chimera Investment Corporation (NYSE: CIM) was downgraded by Barclays to a an Underweight rating in its latest research report. The stock was previously rated as a an Equal weight. Analysts have assigned Chimera Investment Corporation (CIM) an Hold rating. CIM is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is CIM’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.50 and $6.00, with a median target price of $5.75. In analyzing these forecasts, the average price target given by analysts for Chimera Investment Corporation (CIM) is $5.75.
