Chimera Investment Corporation [CIM] Is Currently -9.52 below its 200 Period Moving Avg: What Does This Mean?
Chimera Investment Company [NYSE: CIM] Its price fell by -0.72 points on Thursday, while share prices fell at $6.84 at the close of the session, down 9.52%. Company report on September 21 2022 Chimera announces the distribution of a common stock dividend for the third quarter of 2022.
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The Board of Directors announces a dividend for the third quarter of 2022 of $0.23 per share of common stock.
Chimera’s Board of Directors has announced an announcement of a third-quarter cash dividend of $0.23 per share of common stock. Dividends are due on October 31, 2022 to shareholders of record on September 30, 2022. The previous distribution date is September 29, 2022.
Chimera Investment Corporation stock is now -54.64% below its YTD trading value. CIM stock had an intraday high of $7.22 and a low of $6.70 per share. The company’s 52-week high is 16.85, which means the current price is 2.09% higher than the all-time high touched on 01/04/22.
Compared to an average trading volume of 1.94 million shares, CIM reached a trading volume of 101,25530 on the last trading day, which is why market watchers consider the stock to be active.
What Top Market Experts Say About Chimera Investment Corporation [CIM]?
Based on careful and fact-backed analysis by Wall Street experts, the current consensus on a target price for CIM shares is $9.38 a share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for CIM stock is a set recommendation at 3.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Barclays made an appreciation for Chimera Investment Corporation shares, keeping their opinion of the stock as Underweight, with their previous recommendation back on December 10, 2020. While these analysts held the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new price target note was released on October 03, 2019, which is the official price target for Chimera Investment Corporation stock. Previously, the target price had another increase to $19.50, while Credit Suisse analysts maintained a neutral rating on CIM stock.
Chimera Investment Corporation’s Average True Range (ATR) is set at 0.27, with CIM’s price-to-sales ratio for the past twelve-month period at 1.87. The price-to-book ratio for the last quarter was 0.54, with the price-to-cash-to-cash ratio for the same quarter set at 0.69. The price-to-free cash flow for CIM for the past 12 months was 7.77.
How has CIM’s stock been performing lately?
Chimera Investment Company [CIM] It fell in the red at the end of last week, fell in a negative trend and fell by -11.97. With this latest performance, CIM shares are down -23.06% over the past four-week period, as well as down -44.34% over the past six months – not to mention a -55.29% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for CIM stock for the last two weeks was set at 19.10, with the RSI for the last one traded at 13.19, and the three-week RSI was set at 24.63 for Chimera Investment Corporation [CIM]. The current moving average for the last 50 trading days for this stock is 8.95 while it recorded at 7.54 for the last trading week, and 11.17 for the last 200 days.
Chimera Investment Company [CIM]: A deeper look into the basics
Operating margin for any stock indicates how profitable the investment is, and Chimera Investment Corporation [CIM] The stock currently has an operating margin of +130.71 and a gross margin of +93.24. Chimera Investment Corporation’s net margin is currently at +68.18.
The return on equity for this stock rose to 17.83, with the return on assets remaining at 4.07.
Earnings Analysis of Chimera Investment Corporation [CIM]
The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for CIM. When it comes to the stated value, analysts expect Chimera Investment Corporation’s 5-year EPS growth rate to rise to -2.54%.
Business Insider Positions of Chimera Investment Corporation [CIM]
There are currently approximately $793 million, or 51.60% of CIM’s stock, in the hands of institutional investors. The three largest corporate owners of CIM shares are: VANGUARD GROUP INC with ownership of 22,258,550, which is approximately 0.796% of the company’s market capitalization and about 0.20% of the total institutional ownership; BLACKROCK INC. , which owns 1,9063,047 shares of stock with an approximate value of $130.39 million in CIM stock; and THORNBURG INVESTMENT MANAGEMENT INC, currently with $118.55 million in CIM shares with ownership of approximately 0.58% of the company’s market value.
Positions in Chimera Investment Corporation shares held by institutional investors increased at the end of August and at the time of the August report, as 110 institutional investors consolidated their positions in Chimera Investment Corporation [NYSE:CIM] About 841,708 shares. In addition, 139 investors decreased their positions by 9355193 shares, while 61 investors took positions with 98,196.240 shares. The said changes put institutional holdings at 115,965,141 shares, according to the latest report from the Securities and Exchange Commission. CIM’s stock investments amounted to 27 new institutional investors totaling 1,829,170 shares, while 53 institutional investors sold positions worth 2,686,787 shares during the same period.