The trading price of Chimera Investment Corporation (NYSE:CIM) floating higher at last check on Wednesday, July 21, closing at $14.85, 2.17% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $14.03 and $14.645. The company’s P/E ratio in the trailing 12-month period was 7.54, while its 5Y monthly beta was 1.04. In examining the 52-week price action we see that the stock hit a 52-week high of $15.77 and a 52-week low of $8.05. Over the past month, the stock has lost -2.48% in value.
Chimera Investment Corporation, whose market valuation is $3.35 billion at the time of this writing, is expected to release its quarterly earnings report Aug 04, 2021. The dividend yield on the company stock is 9.08%, while its Forward Dividend ratio is 1.32. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.34 per share this quarter, however they have predicted annual earnings per share of $1.38 for 2021 and $1.39 for 2022. It means analysts are expecting annual earnings per share growth of -8.60% this year and 0.70% next year.
Analysts have forecast the company to bring in revenue of $128.31 million for the current quarter, with the likely lows of $121.2 million and highs of $134.98 million. The average estimate suggests sales will likely up by 10.00% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $521.56 million. The company’s revenue is forecast to grow by 1.50% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Chimera Investment Corporation 1 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CIM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CIM a recommendation rating is 6. Out of them, 4 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Chimera Investment Corporation (CIM) as Underweight, while 1 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that CIM’s price is currently -0.21% off the SMA20 and 1.86% off the SMA50. The RSI metric on the 14-day chart is currently showing 52.19, and weekly volatility stands at 3.41%. When measured over the past 30 days, the indicator reaches 2.49%. Chimera Investment Corporation (NYSE:CIM)’s beta value is currently sitting at 1.03, while the Average True Range indicator is currently displaying 0.43. With analysts defining $11.00-$14.50 as the low and high price targets, we arrive at a consensus price target of $12.94 for the trailing 12-month period. The current price is about 25.93% off the estimated low and 2.36% off the forecast high, based on this estimate. Investors will be thrilled if CIM’s share price rises to $13.13, which is the median consensus price. At that level, CIM’s share price would be 11.58% above current price.
To see how Chimera Investment Corporation stock has been performing today in comparison to its peers in the industry, here are the numbers: CIM stock’s performance was 2.17% at last check in today’s session, and 62.17% in the past year, while Cherry Hill Mortgage Investment Corporation (CHMI) has been trading 1.94% in recent session and positioned 2.09% higher than it was a year ago. Another comparable company Redwood Trust Inc. (RWT) saw its stock trading 1.54% higher in today’s session but was up 71.41% in a year. Furthermore, Annaly Capital Management Inc. (NLY) showed an increase of 1.11% today while its price kept inclining at 21.28% over the past year. Chimera Investment Corporation has a P/E ratio of 7.54, compared to Cherry Hill Mortgage Investment Corporation’s 20.90 and Redwood Trust Inc.’s 3.33. Also during today’s trading, the S&P 500 Index has surged 0.55%, while the Dow Jones Industrial also saw a positive session, up 0.62% today.
An evaluation of the daily trading volume of Chimera Investment Corporation (NYSE:CIM) indicates that the 3-month average is 2.11 million. However, this figure has increased over the past 10 days to an average of 2.26 million.
Currently, records show that 230.57 million of the company’s shares remain outstanding. The insiders hold 1.40% of outstanding shares, whereas institutions hold 49.60%. The stats also highlight that short interest as of May 27, 2021, stood at 5.92 million shares, resulting in a short ratio of 3.24 at that time. From this, we can conclude that short interest is 2.57% of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 3.61 million. However, since the stock’s price has seen 41.76% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.