Analyst Revises Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Stock Target

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Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) mean price target has been set at $18.830 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.000 in the near-term quarter and $0.420 for the ongoing fiscal. The market cap of Cherry Hill Mortgage Investment was recorded at $117.29M after the stock closed at $15.599 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has a P/E ratio of 13.695. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) PEG ratio sits at 0.000. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Cherry Hill Mortgage Investment visibly illustrates that the 50-day MA of Cherry Hill Mortgage Investment is $15.544, and stock is trading 0.055 or +0.352% distant from $15.544. The 200-day MA is $14.599, and this price is $1.000 or +6.852% off from current level. Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) 52-week high is $17.100 and the 52-week low is $12.600. This represents that if the stock moves $-1.501 points up on the chart to make a 52-week high. But, if it declines $+23.802%, then the shares price can hit a new 52-week low.

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