Chimera Investment Corp (NYSE: CIM) is -10.02% lower on its value in year-to-date trading and has touched a low of $4.17 and a high of $6.49 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 CIM stock was last observed hovering at around $4.46 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $4.49, the stock is 0.12% and -1.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.75 million and changing 0.67% at the moment leaves the stock -13.66% off its SMA200. CIM registered -20.39% loss for a year compared to 6-month loss of -14.31%. The firm has a 50-day simple moving average (SMA 50) of $62.51.
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The stock witnessed a 4.18% gain in the last 1 month and extending the period to 3 months gives it a -9.48%, and is 1.58% 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 2.15% over the week and 2.72% over the month.
Chimera Investment Corp (CIM) has around 39 employees, a market worth around $1.08B and $718.97M in sales. Current P/E ratio is 20.34 and Fwd P/E is 7.18. Profit margin for the company is 7.28%. Distance from 52-week low is 7.67% and -30.82% from its 52-week high. The company has generated returns on investments over the last 12 months (0.52%).
Chimera Investment Corp quarterly earnings per share for the current quarter are estimated at $0.16 with sales reaching $69.96M over the same period.The EPS is expected to grow by 39.86% this year, but quarterly earnings will post 9.00% year-over-year. Quarterly sales are estimated to grow 0.50% in year-over-year returns.
322 institutions hold shares in Chimera Investment Corp (CIM), with institutional investors hold 51.98% of the company’s shares. The shares outstanding are 241.36M, and float is at 235.37M with Short Float at 1.93%. Institutions hold 51.41% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 22.72 million shares valued at $131.1 million. The investor’s holdings represent 10.02% of the CIM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 20.12 million shares valued at $116.08 million to account for 8.87% of the shares outstanding. The other top investors are Thornburg Investment Management Inc. which holds 17.13 million shares representing 7.56% and valued at over $98.85 million, while State Street Corporation holds 2.37% of the shares totaling 5.38 million with a market value of $31.06 million.
