At the time of writing, Chimera Investment Corp [CIM] stock is trading at $4.49, up 0.67%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CIM shares have gain 1.58% over the last week, with a monthly amount glided 4.18%, and seem to be holding up well over a long-time horizon.
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On 28, March 2024, Chimera Declares First Quarter 2024 Common Stock Dividends. In a post published today on Yahoo Finance, Board Declares First Quarter 2024 Dividend of $0.11 Per Share of Common Stock.
From an analyst’s perspective:
Chimera Investment Corp [NYSE: CIM] stock has seen the most recent analyst activity on December 06, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $5.50. Previously, Barclays downgraded its rating to Underweight on December 10, 2020, and elevated its price target to $10. On October 03, 2019, RBC Capital Mkts initiated with a Outperform rating. Credit Suisse downgraded its rating to a Neutral but stick to its price target of $19.50 on August 21, 2019. Nomura initiated its recommendation with a Buy. In a note dated January 25, 2018, Credit Suisse upgraded an Outperform rating on this stock.
For the past year, the stock price of Chimera Investment Corp fluctuated between $4.17 and $6.49. Currently, Wall Street analysts expect the stock to reach $7.25 within the next 12 months. Chimera Investment Corp [NYSE: CIM] shares were valued at $4.49 at the most recent close of the market. An investor can expect a potential return of 61.47% based on the average CIM price forecast.
Analyzing the CIM fundamentals
According to Chimera Investment Corp [NYSE:CIM], the company’s sales were 718.97M for trailing twelve months, which represents an 32.34% jump. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 1.13%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.43 points at the first support level, and at 4.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.54, and for the 2nd resistance point, it is at 4.58.
Chimera Investment Corp [CIM] reported earnings per share of $0.13 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of -$0.04 and a surprise factor of -23.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.13 per share as compared to estimates of $0.18 per share, a difference of -$0.05 representing a surprise of -27.80%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 0.67 and price to earnings (TTM) ratio is 20.34.
