Chimera Investment Corporation [NYSE: CIM] surged by $0.39 during the normal trading session on Thursday and reaching a high of $15.04 during the day while it closed the day at $15.00. The company report on August 4, 2021 that CHIMERA INVESTMENT CORPORATION REPORTS 2ND QUARTER 2021 EARNINGS.
2ND QUARTER GAAP NET INCOME OF $0.60 PER COMMON SHARE.
2ND QUARTER CORE EARNINGS(1) OF $0.54 PER COMMON SHARE WHICH INCLUDES $0.16 OF INCOME FROM SECURITIES THAT HAVE BEEN CALLED.
Chimera Investment Corporation stock has also gained 0.40% of its value over the past 7 days. However, CIM stock has inclined by 11.28% in the 3 months of the year. Over the past six months meanwhile, it has gained 39.02% and gained 46.34% year-on date.
The market cap for CIM stock reached $3.51 billion, with 230.57 million shares outstanding and 226.96 million shares in the current float. Compared to the average trading volume of 2.12M shares, CIM reached a trading volume of 2260432 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Chimera Investment Corporation [CIM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CIM shares is $12.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CIM stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Chimera Investment Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on December 10, 2020. The new note on the price target was released on October 03, 2019, representing the official price target for Chimera Investment Corporation stock. Previously, the target price had yet another raise to $19.50, while Credit Suisse analysts kept a Neutral rating on CIM stock.
The Average True Range (ATR) for Chimera Investment Corporation is set at 0.40, with the Price to Sales ratio for CIM stock in the period of the last 12 months amounting to 3.19. The Price to Book ratio for the last quarter was 0.97, with the Price to Cash per share for the same quarter was set at 1.36. Price to Free Cash Flow for CIM in the course of the last twelve months was 7.01.
CIM stock trade performance evaluation
Chimera Investment Corporation [CIM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.40. With this latest performance, CIM shares gained by 1.83% in over the last four-week period, additionally plugging by 39.02% over the last 6 months – not to mention a rise of 74.42% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CIM stock in for the last two-week period is set at 56.06, with the RSI for the last a single of trading hit 60.05, and the three-weeks RSI is set at 54.97 for Chimera Investment Corporation [CIM]. The present Moving Average for the last 50 days of trading for this stock 14.84, while it was recorded at 14.69 for the last single week of trading, and 12.20 for the last 200 days.
Chimera Investment Corporation [CIM]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Chimera Investment Corporation [CIM] shares currently have an operating margin of +95.30 and a Gross Margin at +92.41. Chimera Investment Corporation’s Net Margin is presently recorded at +12.84.
Return on Total Capital for CIM is now 3.07, given the latest momentum, and Return on Invested Capital for the company is 0.79. Return on Equity for this stock inclined to 2.30, with Return on Assets sitting at 0.40. When it comes to the capital structure of this company, Chimera Investment Corporation [CIM] has a Total Debt to Total Equity ratio set at 357.56. Additionally, CIM Total Debt to Total Capital is recorded at 78.14, with Total Debt to Total Assets ending up at 77.12. Long-Term Debt to Equity for the company is recorded at 213.41, with the Long-Term Debt to Total Capital now at 46.64.
Reflecting on the efficiency of the workforce at the company, Chimera Investment Corporation [CIM] managed to generate an average of $2,167,171 per employee. Receivables Turnover for the company is 2.15 with a Total Asset Turnover recorded at a value of 0.03.
Earnings per share (EPS) analysis for Chimera Investment Corporation [CIM] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CIM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chimera Investment Corporation go to -2.53%.
Chimera Investment Corporation [CIM]: Insider Ownership positions
There are presently around $1,689 million, or 49.60% of CIM stock, in the hands of institutional investors. The top three institutional holders of CIM stocks are: VANGUARD GROUP INC with ownership of 20,878,411, which is approximately 1.222% of the company’s market cap and around 1.40% of the total institutional ownership; BLACKROCK INC., holding 19,742,092 shares of the stock with an approximate value of $296.13 million in CIM stocks shares; and THORNBURG INVESTMENT MANAGEMENT INC, currently with $247.74 million in CIM stock with ownership of nearly 2.047% of the company’s market capitalization.
Positions in Chimera Investment Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 110 institutional holders increased their position in Chimera Investment Corporation [NYSE:CIM] by around 7,818,172 shares. Additionally, 105 investors decreased positions by around 9,365,024 shares, while 68 investors held positions by with 95,401,464 shares. The mentioned changes placed institutional holdings at 112,584,660 shares, according to the latest SEC report filing. CIM stock had 26 new institutional investments in for a total of 663,387 shares, while 30 institutional investors sold positions of 1,839,270 shares during the same period.