Alert: Positive Investment/Fundamental Signals (9/11/24)-Chimera Investment Corp (NYSE: CIM)

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Chimera Investment Corp (NYSE: CIM) has recently enjoyed important positive changes in fundamentals: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Recent extremely meaningful positive changes in investment behavior have benefitted Chimera Investment Corp (NYSE: CIM): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

CIM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Chimera Investment has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Chimera Investment has a slightly negative Appreciation Score of 39 and a slightly negative Power Rating of 36, producing the Negative Value Trend Rating.

Recent Price Action

Chimera Investment Corp (NYSE: CIM) stock declined modestly by -1.5% on 9/11/24. The stock closed at $15.41. However, this decline was accompanied by unusually low trading volume at 64% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.

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