CHMI Stock Summary and Trading Ideas (Cherry Hill Mortgage Investment | NYSE:CHMI)

Cherry Hill Mortgage Investment Corp operates as a real estate investment trust in the United States. It invests in residential mortgage assets to generate current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. The company's reportable segments include investments in Residential mortgage-backed securities (RMBS), Investments in Servicing Related Assets, and All Others. It generates maximum revenue from the RMBS segment in the form of Interest income earned for servicing mortgage loans.

Cherry Hill Mortgage Investment trades on the NYSE stock market under the symbol CHMI.

As of April 19, 2024, CHMI stock price climbed to $3.30 with 102,921 million shares trading.

CHMI has a beta of 2.12, meaning it tends to be more sensitive to market movements. CHMI has a correlation of 0.39 to the broad based SPY ETF.

CHMI has a market cap of $99.07 million. This is considered a Micro Cap stock.

Last quarter Cherry Hill Mortgage Investment reported $-390,000 in Revenue and $.17 earnings per share. This fell short of revenue expectation by $-15 million and exceeded earnings estimates by $.17.

In the last 3 years, CHMI stock traded as high as $10.68 and as low as $2.77.

The top ETF exchange traded funds that CHMI belongs to (by Net Assets): VTI, VXF, RIET, PRFZ, IWC.

CHMI has underperformed the market in the last year with a price return of -28.8% while the SPY ETF gained +21.2%. CHMI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.5% and -3.5%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

CHMI support price is $3.20 and resistance is $3.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHMI stock will trade within this expected range on the day.