why Chimera Investment Corporation [CIM] is a Good Choice for Investors After New Price Target of $7.25

Chimera Investment Corporation [NYSE: CIM] slipped around -0.58 points on Thursday, while shares priced at $5.92 at the close of the session, down -8.92%. The company report on November 3, 2022 that Chimera Declares Fourth Quarter 2022 Preferred Stock Dividends.


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Board Declares Fourth Quarter 2022 Dividend of $0.50 Per Share of 8% Series A Cumulative Redeemable Preferred Stock.

Board Declares Fourth Quarter 2022 Dividend of $0.50 Per Share of 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.

Chimera Investment Corporation stock is now -60.74% down from its year-to-date (YTD) trading value. CIM Stock saw the intraday high of $6.30 and lowest of $5.825 per share. The company’s 52-week high price is 16.85, which means current price is +20.57% above from all time high which was touched on 01/04/22.

Compared to the average trading volume of 2.85M shares, CIM reached a trading volume of 2875639 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $7.25 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. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. 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 0.39, with the Price to Sales ratio for CIM stock in the period of the last 12 months amounting to 1.56. The Price to Book ratio for the last quarter was 0.47, with the Price to Cash per share for the same quarter was set at 0.72. Price to Free Cash Flow for CIM in the course of the last twelve months was 6.49.

How has CIM stock performed recently?

Chimera Investment Corporation [CIM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.50. With this latest performance, CIM shares gained by 3.68% in over the last four-week period, additionally sinking by -43.46% over the last 6 months – not to mention a drop of -63.86% 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 43.10, with the RSI for the last a single of trading hit 41.24, and the three-weeks RSI is set at 42.25 for Chimera Investment Corporation [CIM]. The present Moving Average for the last 50 days of trading for this stock 6.77, while it was recorded at 6.54 for the last single week of trading, and 9.77 for the last 200 days.

Chimera Investment Corporation [CIM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Chimera Investment Corporation [CIM] shares currently have an operating margin of +130.71 and a Gross Margin at +93.24. Chimera Investment Corporation’s Net Margin is presently recorded at +68.18.

Return on Equity for this stock inclined to 17.83, with Return on Assets sitting at 4.07.

Earnings analysis for Chimera Investment Corporation [CIM]

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 -2.54%.

Insider trade positions for Chimera Investment Corporation [CIM]

There are presently around $677 million, or 50.90% of CIM stock, in the hands of institutional investors. The top three institutional holders of CIM stocks are: VANGUARD GROUP INC with ownership of 22,258,550, which is approximately 0.796% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 19,063,047 shares of the stock with an approximate value of $112.85 million in CIM stocks shares; and THORNBURG INVESTMENT MANAGEMENT INC, currently with $102.6 million in CIM stock with ownership of nearly 0.58% of the company’s market capitalization.

Positions in Chimera Investment Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 113 institutional holders increased their position in Chimera Investment Corporation [NYSE:CIM] by around 8,188,014 shares. Additionally, 132 investors decreased positions by around 10,184,174 shares, while 60 investors held positions by with 95,978,832 shares. The mentioned changes placed institutional holdings at 114,351,020 shares, according to the latest SEC report filing. CIM stock had 32 new institutional investments in for a total of 1,944,004 shares, while 49 institutional investors sold positions of 2,401,549 shares during the same period.

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