Chimera Investment Corp (NYSE: CIM) has experienced a decline in its stock price by -4.69 compared to its previous closing price of 4.37. However, the company has seen a fall of -7.24% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-21 that We’re starting with our latest purchase, then moving onto some charts. Our charts help readers track the sector for both common shares and preferred shares. Mortgage REITs and BDCs are included in the charts for comparison based on various metrics such as price-to-book value, dividend yields, and earnings yield.
Is It Worth Investing in Chimera Investment Corp (NYSE: CIM) Right Now?
Chimera Investment Corp (NYSE: CIM) has a higher price-to-earnings ratio of 18.86x compared to its average ratio, The 36-month beta value for CIM is at 1.72. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for CIM is 235.37M, and currently, shorts hold a 2.14% of that float. The average trading volume for CIM on April 10, 2024 was 1.94M shares.
CIM’s Market Performance
CIM stock saw a decrease of -7.24% in the past week, with a monthly decline of -7.85% and a quarterly a decrease of -16.37%. The volatility ratio for the week is 2.11%, and the volatility levels for the last 30 days are 2.72% for Chimera Investment Corp (CIM). The simple moving average for the past 20 days is -6.88% for CIM’s stock, with a -19.45% simple moving average for the past 200 days.
Analysts’ Opinion of CIM
Many brokerage firms have already submitted their reports for CIM stocks, with UBS repeating the rating for CIM by listing it as a “Neutral.” The predicted price for CIM in the upcoming period, according to UBS is $5.50 based on the research report published on December 06, 2023 of the previous year 2023.
Barclays, on the other hand, stated in their research note that they expect to see CIM reach a price target of $10, previously predicting the price at $9. The rating they have provided for CIM stocks is “Underweight” according to the report published on December 10th, 2020.
CIM Trading at -7.56% from the 50-Day Moving Average
After a stumble in the market that brought CIM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.82% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares sank -8.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.97% lower at present.
During the last 5 trading sessions, CIM fell by -7.24%, which changed the moving average for the period of 200-days by -24.00% in comparison to the 20-day moving average, which settled at $4.45. In addition, Chimera Investment Corp saw -16.53% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CIM
Current profitability levels for the company are sitting at:
- 1.13 for the present operating margin
- 0.79 for the gross margin
The net margin for Chimera Investment Corp stands at 0.38. The total capital return value is set at 0.03. Equity return is now at value 4.83, with 0.96 for asset returns.
Based on Chimera Investment Corp (CIM), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 3.95. The interest coverage ratio of the stock is 0.74.
Currently, EBITDA for the company is 643.24 million with net debt to EBITDA at 26.21. When we switch over and look at the enterprise to sales, we see a ratio of 32.63. The receivables turnover for the company is 4.34for trailing twelve months and the total asset turnover is 0.03.
Conclusion
In conclusion, Chimera Investment Corp (CIM) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
