The stock of Cherry Hill Mortgage Investment Corporation (CHMI) has gone up by 4.36% for the week, with a 3.51% rise in the past month and a 7.89% rise in the past quarter. The volatility ratio for the week is 2.13%, and the volatility levels for the past 30 days are 1.90% for CHMI. The simple moving average for the last 20 days is 3.57% for CHMI stock, with a simple moving average of 4.93% for the last 200 days.
Is It Worth Investing in Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) Right Now?
The stock has a 36-month beta value of 1.55. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for CHMI is 29.81M, and at present, short sellers hold a 0.87% of that float. On June 19, 2024, the average trading volume of CHMI was 187.33K shares.
CHMI) stock’s latest price update
Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) has seen a rise in its stock price by 0.26 in relation to its previous close of 3.82. However, the company has experienced a 4.36% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-06-13 that FARMINGDALE, N.J.–(BUSINESS WIRE)–Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that its Board of Directors declared a dividend of $0.15 per share on the Company’s common stock for the second quarter of 2024. The dividend will be payable in cash on July 31, 2024 to holders of the common stock of record as of the close of business on June 28, 2024. Additionally, Cherry Hill announced that its Board of Directors has declared a dividend of $0.5125 per share on the Comp.
Analysts’ Opinion of CHMI
Piper Sandler, on the other hand, stated in their research note that they expect to see CHMI reach a price target of $10.50, previously predicting the price at $12.50. The rating they have provided for CHMI stocks is “Neutral” according to the report published on November 10th, 2020.
FBR & Co. gave a rating of “Buy” to CHMI, setting the target price at $19.50 in the report published on October 10th of the previous year.
CHMI Trading at 7.83% from the 50-Day Moving Average
After a stumble in the market that brought CHMI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.75% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 2.13%, as shares surge +2.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.01% upper at present.
During the last 5 trading sessions, CHMI rose by +4.36%, which changed the moving average for the period of 200-days by -2.79% in comparison to the 20-day moving average, which settled at $3.70. In addition, Cherry Hill Mortgage Investment Corporation saw -5.20% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CHMI starting from Lown Jeffrey B, who purchase 8,621 shares at the price of $3.47 back on Nov 10 ’23. After this action, Lown Jeffrey B now owns 30,128 shares of Cherry Hill Mortgage Investment Corporation, valued at $29,949 using the latest closing price.
Lown Jeffrey B, the President of Cherry Hill Mortgage Investment Corporation, purchase 6,000 shares at $4.79 during a trade that took place back on Jun 20 ’23, which means that Lown Jeffrey B is holding 21,507 shares at $28,764 based on the most recent closing price.
Stock Fundamentals for CHMI
Current profitability levels for the company are sitting at:
- -0.36 for the present operating margin
- 0.82 for the gross margin
The net margin for Cherry Hill Mortgage Investment Corporation stands at -0.15. The total capital return value is set at -0.02. Equity return is now at value -1.59, with -0.28 for asset returns.
Based on Cherry Hill Mortgage Investment Corporation (CHMI), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 1.35. The interest coverage ratio of the stock is -0.41.
Currently, EBITDA for the company is 16.69 million with net debt to EBITDA at -5.46. When we switch over and look at the enterprise to sales, we see a ratio of 3.85. The receivables turnover for the company is 10.59for trailing twelve months and the total asset turnover is 0.04.
Conclusion
To sum up, Cherry Hill Mortgage Investment Corporation (CHMI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
