CIM Stock Summary and Trading Ideas (Chimera Investment | NYSE:CIM)

Chimera Investment Corporation is a real estate investment trust engaged in investing in a portfolio of mortgage assets on a leveraged basis. These investments include a variety of government-sponsored agency residential mortgage-backed securities, or RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities. Agency mortgage-backed securities represent the share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares.

Chimera Investment trades on the NYSE stock market under the symbol CIM.

As of April 19, 2024, CIM stock price climbed to $4.11 with 1,285,170 million shares trading.

CIM has a beta of 1.77, meaning it tends to be more sensitive to market movements. CIM has a correlation of 0.39 to the broad based SPY ETF.

CIM has a market cap of $931.94 million. This is considered a Small Cap stock.

Last quarter Chimera Investment reported $65 million in Revenue and $.13 earnings per share. This fell short of revenue expectation by $-14 million and missed earnings estimates by -$.04.

In the last 3 years, CIM stock traded as high as $16.85 and as low as $3.92.

The top ETF exchange traded funds that CIM belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

CIM has underperformed the market in the last year with a return of -14.4%, while the SPY ETF gained +21.2%. In the last 3 month period, CIM fell short of the market, returning -14.1%, while SPY returned +4.3%. However, in the most recent 2 weeks CIM has outperformed the stock market by returning -2.5%, while SPY returned -3.5%.

CIM support price is $3.94 and resistance is $4.10 (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 CIM stock will trade within this expected range on the day.