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The $4.57 Value Of Chimera Investment Corporation (NYSE: CIM) Should Not Be Underestimated

During the recent session, Chimera Investment Corporation (NYSE:CIM)’s traded shares were 1.0 million, with the beta value of the company hitting 1.58. At the last check today, the stock’s price was $4.57, reflecting an intraday loss of -4.19% or -$0.2. The 52-week high for the CIM share is $10.50, that puts it down -129.76 from that peak though still a striking -3.72% loss since the share price plummeted to a 52-week low of $4.74. The company’s market capitalization is $1.15B, and the average intraday trading volume over the past 10 days was 1.98 million shares, and the average trade volume was 2.13 million shares over the past three months.

Chimera Investment Corporation (CIM) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.80. CIM has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.17.

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Chimera Investment Corporation (NYSE:CIM) trade information

Chimera Investment Corporation (CIM) registered a -4.19% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.19% in intraday trading to $4.57 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -8.23%, and it has moved by -15.84% in 30 days. Based on these gigs, the overall price performance for the year is -50.61%. The short interest in Chimera Investment Corporation (NYSE:CIM) is 9.63 million shares and it means that shorts have 5.53 day(s) to cover.

The consensus price target of analysts on Wall Street is $5.67, which implies an increase of 19.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.50 and $6.00 respectively. As a result, CIM is trading at a discount of -31.29% off the target high and -20.35% off the low.

Chimera Investment Corporation (CIM) estimates and forecasts

Statistics show that Chimera Investment Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Chimera Investment Corporation (CIM) shares have gone down -30.12% during the last six months, with a year-to-date growth rate less than the industry average at -27.78% against -13.40. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -45.20% this quarter and then drop -33.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -25.30% compared to the previous financial year.

Revenue for the current quarter is expected to be $81.26 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $83.8 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $116.89 million and $113.33 million respectively. In this case, analysts expect current quarter sales to shrink by -30.50% and then drop by -26.10% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -24.30%. While earnings are projected to return -202.90% in 2023, the next five years will return -2.54% per annum.

CIM Dividends

Chimera Investment Corporation is due to release its next quarterly earnings between August 02 and August 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Chimera Investment Corporation is 0.92, with the dividend yield indicating at 19.29 percent, continuing the trend of increasing dividends in recent years.

Chimera Investment Corporation (NYSE:CIM)’s Major holders

Chimera Investment Corporation insiders own 1.56% of total outstanding shares while institutional holders control 50.65%, with the float percentage being 51.45%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 317 institutions own stock in it. As of Mar 30, 2023, the company held over 22.99 million shares (or 9.91% of all shares), a total value of $129.66 million in shares.

The next largest institutional holding, with 19.57 million shares, is of Blackrock Inc.’s that is approximately 8.43% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $110.37 million.

Also, the Mutual Funds coming in first place with the largest holdings of Chimera Investment Corporation (CIM) shares are Thornburg Investment Income Builder Fund and Vanguard Total Stock Market Index Fund. Data provided on Dec 30, 2022 indicates that Thornburg Investment Income Builder Fund owns about 17.32 million shares. This amounts to just over 7.47 percent of the company’s overall shares, with a $95.25 million market value. The same data shows that the other fund manager holds slightly less at 7.13 million, or about 3.08% of the stock, which is worth about $39.23 million.

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