The average 12-month price target analysts expect from Chimera Investment Corporation (NYSE:CIM) is $18.7. This mean price target represents 2.58% upside over its previous closing price. The stock enjoyed an overall uptrend of 2.3% from the beginning of 2019. The closing share price quoted for January 10, 2019 was $18.23. The -0.27% drop might have been tempting for an investor to sell at this point but in fact that would prove a short-sighted mistake, as sell-side analysts think there is almost 9.71% more gain yet to come for shareholders. Analysts seemed to set $20 as highest price target on its way to greater gains. The median price target they presented was $18.5 for the next 12-months, which suggests a 1.48% upside from current levels. Some analysts have a lowest price target on the stock of $18, which would mean a -1.26% gain in value.
A fresh roundup today notes that CIM stock has added around 1.62% of its value in the past 12 months, suggesting more investors have expressed joy over about in that time period. If we turn to the Street in general, the positives still outweigh the negatives as we can see that Chimera Investment Corporation (CIM), have a ,neutral (2.6) analyst consensus rating. In the current time, the stock has 3 buy and 4 hold ratings. The stock registered its 52-week high of $19.32 on December 03 and its 52-week low of $15.77 on February 06. Currently, the shares are trading $0.13 above its YTD moving average of $18.1.
To help you decide whether it’s worth the wait (and the money), Chimera Investment Corporation (NYSE:CIM) is currently trading at 5.87X the company’s trailing-12-month earnings per share, which represents a discount compared to the sector’s 18.87X and comes in below its industry’s 47.22X. The most popular method for valuing a stock is to study the historic Price-to-Earnings (P/E) ratio using reported earnings for the past 12 months. The EPS number for this stock in the most recent four quarters of earnings stood at $3.11. P/E ratio is so popular because it’s simple, it’s effective, and, tautologically, because everyone uses it.
The 14-day Absolute ATR (Average True Range) on Thursday, January 10 of 2019 shows that the price on average moves $0.4. The average daily volatility is 1.57% over the past week. Low volatility is good for the stock and it means we have calm and confident investors. If you check recent Chimera Investment Corporation (CIM) volume, you will see that it has changed to 1.06 million shares versus the average daily volume of 1.43 million shares.
When you look at the daily chart for CIM, you will observe the stock held -3.65% losses in the 6-month period and maintains 15.6% distance from its most recent low. The past 5-day performance for the share stays positive at 1.56% but up 0.1% from its three-week moving average. Comparing to 50-day SMA, Chimera Investment Corporation shares price is now down -1.41%. It also closed -0.37% lower from its 200-day SMA. This is often seen as the last line of defense for long term trends to find support at, else be considered broken and/or in a bear market. The daily chart of the stock more clearly reveals the slide in prices as it closed Thursday with a 1-month performance at -3.9%.