Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) is -17.65% lower on its value in year-to-date trading and has touched a low of $6.06 and a high of $9.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CHMI stock was last observed hovering at around $6.72 in the last trading session, with the day’s gains setting it 0.09% off its average median price target of $7.88 for the next 12 months. It is also 14.88% off the consensus price target high of $8.00 offered by 2 analysts, but current levels are 12.13% higher than the price target low of $7.75 for the same period.
Currently trading at $6.81, the stock is 2.47% and 1.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 1.34% at the moment leaves the stock -12.56% off its SMA200. CHMI registered -26.14% loss for a year compared to 6-month loss of -15.93%. The firm has a 50-day simple moving average (SMA 50) of $13.22.
The stock witnessed a 0.29% gain in the last 1 month and extending the period to 3 months gives it a -2.99%, and is 2.71% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.79% over the week and 2.21% over the month.
Current P/E ratio is 14.77 and Fwd P/E is 5.77. Profit margin for the company is 17.00%. Distance from 52-week low is 12.38% and -28.69% from its 52-week high. The company has generated returns on investments over the last 12 months (1.10%).
Cherry Hill Mortgage Investment Corporation (CHMI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cherry Hill Mortgage Investment Corporation (CHMI) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Cherry Hill Mortgage Investment Corporation is expected to release its quarterly report on 11/08/2022.The EPS is expected to grow by 103.80% this year.
Cherry Hill Mortgage Investment Corporation (CHMI) Top Institutional Holders
The shares outstanding are 18.25M, and float is at 18.17M with Short Float at 7.23%.
Cherry Hill Mortgage Investment Corporation (CHMI) Insider Activity
A total of 3 insider transactions have happened at Cherry Hill Mortgage Investment Corporation (CHMI) in the last six months, with sales accounting for 0 and purchases happening 3 times.
Cherry Hill Mortgage Investment Corporation (CHMI): Who are the competitors?
The company’s main competitors (and peers) include Chimera Investment Corporation (CIM) that is trading -34.02% down over the past 12 months and Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) that is -43.11% lower over the same period. Redwood Trust Inc. (RWT) is -29.06% down on the 1-year trading charts.