Why Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $18.83 on Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.42 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) stands at 14.03.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Cherry Hill Mortgage Investment, the PEG ratio for coming 3-5 years is 0.00.

Technical Analysis

The technical analysis highlights that Cherry Hill Mortgage Investment current is trading $0.49 points away or +3.17% from its 50-day moving average of $15.49. Further it is trading $1.29 or +8.79% away its 200-day moving average of $14.69.

The 52-week high of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) was $17.10 while lowest point recorded in 52-week was $12.60. It implies if stock price makes a movement of over $-1.12, it will record a new 52-week high. In the case of +26.83% drop, it will touch a new 52-week low.

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