Why Chimera Investment Corporation (NYSE:CIM) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $15.90 on Chimera Investment Corporation (NYSE:CIM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.23 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 Chimera Investment Corporation (NYSE:CIM) stands at 13.84.

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 Chimera Investment Corporation , the PEG ratio for coming 3-5 years is -35.19.

Technical Analysis

The technical analysis highlights that Chimera Investment Corporation current is trading $-0.07 points away or -0.45% from its 50-day moving average of $16.35. Further it is trading $1.49 or +10.10% away its 200-day moving average of $14.79.

The 52-week high of Chimera Investment Corporation (NYSE:CIM) was $16.98 while lowest point recorded in 52-week was $10.89. It implies if stock price makes a movement of over $-0.70, it will record a new 52-week high. In the case of +49.49% drop, it will touch a new 52-week low.

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