Cherry Hill Mortgage (NYSE:CHMI) Stock, Quote.Headers.trade-ideas

Cherry Hill Mortgage

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.

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These 3 REIT Subsectors Are Surpassing All Others In Performance

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The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

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Among real estate investment trusts (REITs), one of the most popular subsectors with investors are mortgage REITs (mREITs). Although mREITs can be extremely volatile, their dividend yields are usually the highest among the total REIT universe.

The Best-Performing Mortgage REITs In 2023

Cherry Hill Mortgage Investment Corporation Common Stock

Cherry Hill Mortgage Investment Corp

Cherry Hill Mortgage Investment Corporation 8.20% Series A Cumulative Redeemable Preferred Stock

Cherry Hill Mortgage Investment Corporation 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.15 by 46.67 percent. This is a 50 percent decrease over earnings of $0.16 per share from the same period last year. The company reported $167.000 thousand in sales this quarter. This is a 126.34 percent increase over sales of $(634.000 thousand) the same period last year.

Earnings

Earnings Misses

Cherry Hill Mortgage Q2 2024 Adj. EPS $0.08 Misses $0.15 Estimate

JMP Securities analyst Steven Delaney reiterates Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) with a Market Perform.

Reiteration

Analyst Ratings

JMP Securities Reiterates Market Perform on Cherry Hill Mortgage

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.18 by 27.78 percent. This is a 23.53 percent decrease over earnings of $0.17 per share from the same period last year. The company reported $(907.000 thousand) in sales this quarter. This is a 466.88 percent decrease over sales of $(160.000 thousand) the same period last year.

Cherry Hill Mortgage Q1 2024 Adj EPS $0.13 Misses $0.18 Estimate, Net interest expense  $(907.000K) Down From $(160.000K) YoY

MLEC: 135% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38354219">Moolec Science shares are trading higher after the company announced that it received USDA approval for plant-grown animal proteins.</a>
SE: 6% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38355841">Sea shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $62 to $70.</a>
CHMI: 7.5% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38354946">Cherry Hill Mortgage Investment Corporation shares are trading higher after the company announced the exploration of strategic alternatives.</a>

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WIIM

Cherry Hill Mortgage Investment Corporation shares are trading higher after the company announced the exploration of strategic alternatives.

Cherry Hill Mortgage Investment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) (the "Company") today announced that its Board of Directors (the "Board") has established a special committee of the Board (the "Special Committee") to explore strategic alternatives to maximize stockholder value.
The Special Committee is comprised solely of independent and disinterested directors and intends to consider the full range of strategic alternatives, including, but not limited to, a business combination involving the Company, a sale of all or part of the Company's assets or an internalization of the management of the Company. Guggenheim Securities, LLC is serving as the financial advisor to the Special Committee.
There can be no assurance that the exploration of strategic alternatives will result in any transaction or other strategic outcome. There is no formal timetable for the Special Committee's completion of its exploration of strategic alternatives and the Company does not intend to disclose any developments with respect to the process until the evaluation of strategic alternatives has been completed or the Special Committee determines disclosure is appropriate or legally required.

Cherry Hill Mortgage Investment Corporation Announces Exploration Of Strategic Alternatives To Maximize Stockholder Value

B. Riley Securities analyst Matt Howlett reiterates Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) with a Buy and lowers the price target from $5.5 to $5.

Price Target

B. Riley Securities Reiterates Buy on Cherry Hill Mortgage, Lowers Price Target to $5

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) reported quarterly earnings of $0.170 per share which missed the analyst consensus estimate of $0.190 by 10.53 percent. The company reported quarterly sales of $(390.000 thousand) which missed the analyst consensus estimate of $14.300 million by 102.73 percent. This is a 128.53 percent decrease over sales of $1.367 million the same period last year.

Cherry Hill Mortgage Q4 2023 Adj EPS $0.170 Misses $0.190 Estimate, Sales $(390.000K) Miss $14.300M Estimate

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Earnings Scheduled For March 7, 2024

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) is set to give its latest quarterly earnings report on Thursday, 2024-03-07. Here's what investors need to know before the announcement.
Analysts estimate that Cherry Hill Mortgage will report an earnings per share (EPS) of $0.19. 
Cherry Hill Mortgage bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.01, which was followed by a 11.32% increase in the share price the next day.
Here's a look at Cherry Hill Mortgage's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.17</td>
<td>0.21</td>
<td>0.25</td>
<td>0.27</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.16</td>
<td>0.16</td>
<td>0.21</td>
<td>0.24</td>
</tr>
<tr>
<td>Price Change %</td>
<td>11.0%</td>
<td>0.0%</td>
<td>-6.0%</td>
<td>-13.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709755268_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Cherry Hill Mortgage were trading at $3.61 as of March 05. Over the last 52-week period, shares are down 35.34%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CHMI/earnings">To track all earnings releases for Cherry Hill Mortgage visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cherry Hill Mortgage's Earnings: A Preview

Cherry Hill Mortgage Investment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) today announced that its Board of Directors has authorized the repurchase of up to $50 million of the Company's preferred stock, which includes its 8.20% Series A Cumulative Redeemable Preferred Stock and its 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.
The shares are expected to be repurchased from time to time through open market or privately negotiated transactions, including pursuant to trading plans in accordance with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended, or by any combination of such methods. The manner, price, number and timing of share repurchases will be subject to a variety of factors, including market conditions and applicable U.S. Securities and Exchange Commission rules. The authorization does not have an expiration date and repurchases may be commenced or suspended at any time without prior notice.

Buybacks

Cherry Hill Mortgage Investment Corporation Authorizes $50M Preferred Stock Repurchase Program

The National Association of Real Estate Investment Trusts (Nareit) is the trade association that promotes and advocates for real estate investment trusts (REITs) and other real estate-based companies in the U.S. Nareit identifies 14 REIT subsectors, but several of them, such as timberlands, infrastructure and self-storage REITs, are often grouped together and called specialty or specialized REITs.&nbsp;
Over the past month, three REIT subsectors have outperformed all other REIT subsectors, propelled by the recent tame consumer price index (CPI) report and subsequent increase in the probability that the Federal Reserve will continue its pause on interest rate hikes. The three subsectors that have scorched all other REITs are:
Mortgage REITs (mREITs): mREITs are companies that invest in purchased and originated mortgages, as well as mortgage-backed securities (MBS) and earn income from the interest that is paid on those assets. These REITs generally fare better when interest rates are stable or declining.
Nine of the top 25 performing REITs over the past month are mREITs, including the No. 2 performer Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HASI#NYSE">HASI</a>), up 41.01%; third-best performer Cherry Hill Mortgage Investment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>), up 35.17%; and fifth-best performer Granite Point Mortgage Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPMT#NYSE">GPMT</a>), up 31.27%.
<h2 class="wp-block-heading">Don't Miss:</h2>
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<li>Passive income investments are one of the most trusted methods for riding out a recession, so it's no surprise that people are turning to <a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail">high-yield real estate notes that pay a fixed 7.5% to 9%.</a></li>
<li>Homeownership may be out of reach for most Americans, but that&#8217;s not stopping these average investors from raking in <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">passive income with single-family rentals through fractional ownership</a>.</li>
</ul>
Hannon Armstrong is an Annapolis, Maryland-based mortgage REIT (mREIT) that provides mortgage loans for renewable energy projects and owns stakes in a portfolio of solar and wind projects as well as other energy-efficient endeavors. Its business model and $4.9 billion portfolio are designed to invest in energy transitions that will improve the climate future. Hannon Armstrong joined the S&amp;P Small Cap 600 in mid-September. Its present market cap is $1.91 billion.
Specialized REITs are companies that invest in properties that don't fit within other REIT sectors. Eight of the top 25 best-performing REITs over the past month are specialized REITs, including fourth-best REIT Outfront Media Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUT#NYSE">OUT</a>), up 35.14%. Others in the top 15 include Uniti Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>) and Safehold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAFE#NYSE">SAFE</a>), which have gained 26.98% and 25.35%, respectively.
Outfront Media Inc. is a New York-based specialized REIT with 500,000 advertising displays across 70 U.S. markets, using billboard, digital, transit and mobile assets to showcase its clients. Outfront Media's website claims that its media reaches 70% of all Americans weekly. Outfront and Lamar Advertising Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAMR#NASDAQ">LAMR</a>) are the only specialty REITs that exclusively own advertising space.
Uniti Group Inc. is a Little Rock, Arkansas-based specialized REIT that acquires and constructs mission-critical communications infrastructure in the form of fiber optics, copper and coaxial broadband networks. It owns and operates 139,000 fiber route miles covering 300,000 commercial buildings in 300 metro markets, with most of its network in the Eastern and Midwestern U.S. It's one of the 10-largest fiber providers in the U.S., and its fiber optic leasing generates about 70% of its total revenue.
Safehold Inc. is a New York-based, externally managed specialized REIT that acquires, manages and produces income from a $6.3 billion portfolio of 130 ground net leases in the top 30 U.S. markets. One reason for Safehold's recent strong performance is that it's holding a lot of floating rate debt, so it benefits from the second consecutive pause in interest rate hikes and a flat CPI report.
Office REITs own office properties that are leased to different industries. Revenue is created from the collection of tenant rents and occasionally from selling properties that have appreciated over time. Four of the top 25 best-performing REITs over the past month are office REITs. Within that group are Franklin Street Properties Corp. (NYSEAMERICAN: FSP), the No.1-performing REIT overall with a 43.98% gain; City Office REIT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIO#NYSE">CIO</a>), the No. 6-performing REIT with a 30.4% gain; and Office Properties Income Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPI#NASDAQ">OPI</a>), with a 10.65% gain.
Franklin Street Properties is a Wakefield, Massachusetts-based office REIT that focuses on properties in the Sun Belt and Mountain West regions of the U.S. Franklin Street owns 19 properties and one consolidated sponsored REIT. Insider purchases have helped Franklin Street Properties to appreciate this month, but the increased performance by office REITs overall is mainly because of the pause in interest rate hikes.
Weekly REIT Report: REITs are one of the most misunderstood investment options, making it difficult for investors to spot incredible opportunities until it's too late. Benzinga's in-house real estate research team has been working hard to identify the greatest opportunities in today's market, which you can gain access to for free by signing up for the <a href="https://www.benzinga.com/money/reit-newsletter">Weekly REIT Report.</a>
<h2 class="wp-block-heading">Read Next:</h2>
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/3-high-yield-investments-boost-income">Here are 3 high-yield investments to add significant income to your portfolio</a>.</li>
<li>This REIT just teamed up with the company that built Elon Musk's tiny house to develop affordable housing communities. <a href="https://www.benzinga.com/alternative-investments/listing/future-of-housing-fund">Here's how you can be among the first to buy shares.</a></li>
</ul>

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.17 by 5.88 percent. This is a 38.46 percent decrease over earnings of $0.26 per share from the same period last year.

Cherry Hill Mortgage Q3 EPS $0.16 Misses $0.17 Estimate

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) is set to give its latest quarterly earnings report on Thursday, 2023-11-02. Here's what investors need to know before the announcement.
Analysts estimate that Cherry Hill Mortgage will report an earnings per share (EPS) of $0.17. 
Cherry Hill Mortgage bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.05, which was followed by a 0.24% increase in the share price the next day.
Here's a look at Cherry Hill Mortgage's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.21</td>
<td>0.25</td>
<td>0.27</td>
<td>0.28</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.16</td>
<td>0.21</td>
<td>0.24</td>
<td>0.26</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.24%</td>
<td>-5.83%</td>
<td>-12.58%</td>
<td>3.1%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698868924_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Cherry Hill Mortgage were trading at $2.97 as of October 31. Over the last 52-week period, shares are down 46.29%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CHMI/earnings">To track all earnings releases for Cherry Hill Mortgage visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Cherry Hill Mortgage

B. Riley Securities analyst Matt Howlett maintains Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) with a Buy and lowers the price target from $6 to $5.5.

B. Riley Securities Maintains Buy on Cherry Hill Mortgage, Lowers Price Target to $5.5

Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.21 by 23.81 percent. This is a 42.86 percent decrease over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $(634.00 thousand) which missed the analyst consensus estimate of $6.15 million by 110.31 percent. This is a 118.10 percent decrease over sales of $3.50 million the same period last year.

Cherry Hill Mortgage Q2 Adj EPS $0.16 Misses $0.21 Estimate, Sales $(634.00K) Miss $6.15M Estimate

<h1>&nbsp;</h1>
On Monday, 50 companies reached new 52-week lows.
<h2>Key Facts About Today&#39;s 52-Week Lows:</h2>
<ul>
<li>Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) was the biggest company by market cap to set a new 52-week low.</li>
<li>Galmed Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>) was the smallest company in terms of market cap to set a new 52-week low.</li>
<li>Novan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOVN#NASDAQ">NOVN</a>) was the biggest loser of the morning session, as it dropped 72.16% to reach its new 52-week low.</li>
<li>Cal-Maine Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) shares were the most resilient, as shares rose 0.06%, rebounding from its new 52-week low.</li>
</ul>
Here is a list of stocks that set new 52-week lows on Monday:
<ul>
<li>Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) stock achieved a new 52-week low on Monday morning, hitting $32.35 and moving down 4.26%.</li>
<li>AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) stock hit $13.72 on Monday morning, setting a new 52-week low for a change of down 4.9%.</li>
<li>Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) stock achieved a new 52-week low on Monday morning, hitting $100.57 and moving up 0.64%.</li>
<li>Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) stock hit $3.83 on Monday morning, setting a new 52-week low for a change of down 3.39%.</li>
<li>Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) stock drifted down 2.99% on Monday morning to hit a new 52-week low of $4.87.</li>
<li>Flowers Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLO#NYSE">FLO</a>) stock set a new 52-week low of $23.87 on Monday, moving down 0.54%.</li>
<li>NovoCure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVCR#NASDAQ">NVCR</a>) stock hit $39.26 on Monday morning, setting a new 52-week low for a change of up 0.28%.</li>
<li>Frontier Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) stock hit a new 52-week low of $11.66. The stock was down 17.3% on the session.</li>
<li>Cal-Maine Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) shares fell to $43.29 on Monday, setting a new 52-week low with a shift of up 0.06%.</li>
<li>Perimeter Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRM#NYSE">PRM</a>) stock dropped to a yearly low on Monday of $5.28. Shares traded up 1.85%.</li>
<li>ATN International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNI#NASDAQ">ATNI</a>) shares set a new yearly low of $34.70 this morning. The stock was down 1.64% on the session.</li>
<li>Inogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INGN#NASDAQ">INGN</a>) shares were down 0.11% for the day, having made a 52-week low of $8.58.</li>
<li>Beyond Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) stock hit a new 52-week low of $3.71. The stock was up 2.92% on the session.</li>
<li>Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) stock hit a new 52-week low of $4.12. The stock was down 1.55% on the session.</li>
<li>Birks Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BGI#AMEX">BGI</a>) stock set a new 52-week low of $4.69 on Monday, moving up 0.4%.</li>
<li>United-Guardian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UG#NASDAQ">UG</a>) shares set a new 52-week low of $7.39. The stock traded down 0.86%.</li>
<li>Hub Cyber Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUBC#NASDAQ">HUBC</a>) shares moved down 3.28% on Monday to hit a new 52-week low of $0.33, drifting down 3.28%.</li>
<li>Acurx Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACXP#NASDAQ">ACXP</a>) shares hit a yearly low of $2.04. The stock was down 4.67% on the session.</li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares set a new yearly low of $0.40 this morning. The stock was down 51.22% on the session.</li>
<li>Phoenix New Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FENG#NYSE">FENG</a>) shares made a new 52-week low of $1.68 on Monday. The stock was down 1.14% for the day.</li>
<li>Via Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIA#NASDAQ">VIA</a>) shares made a new 52-week low of $6.21 on Monday. The stock was down 4.68% for the day.</li>
<li>60 Degrees (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTP#NASDAQ">SXTP</a>) shares were down 9.49% for the day, having made a 52-week low of $3.31.</li>
<li>Zivo Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZIVO#NASDAQ">ZIVO</a>) stock dropped to a yearly low on Monday of $1.82. Shares traded down 9.9%.</li>
<li>Vaccinex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCNX#NASDAQ">VCNX</a>) stock hit a yearly low of $0.29. The stock was down 6.22% for the day.</li>
<li>ViewRay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAY#NASDAQ">VRAY</a>) shares set a new 52-week low of $0.08. The stock traded down 71.79%.</li>
<li>Society Pass (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) shares made a new 52-week low of $0.46 on Monday. The stock was down 0.06% for the day.</li>
<li>Micromobility com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCOM#NASDAQ">MCOM</a>) shares hit a yearly low of $0.10. The stock was down 1.45% on the session.</li>
<li>Auddia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUUD#NASDAQ">AUUD</a>) stock dropped to a yearly low on Monday of $0.37. Shares traded down 1.74%.</li>
<li>T Stamp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) stock dropped to a yearly low on Monday of $0.93. Shares traded down 2.21%.</li>
<li>Spark Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOV#NASDAQ">LOV</a>) shares set a new yearly low of $0.22 this morning. The stock was up 2.54% on the session.</li>
<li>Integrated Media Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMTE#NASDAQ">IMTE</a>) stock drifted down 4.98% on Monday morning to hit a new 52-week low of $0.27.</li>
<li>Shineco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SISI#NASDAQ">SISI</a>) stock dropped to a yearly low on Monday of $0.25. Shares traded down 6.07%.</li>
<li>Novan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOVN#NASDAQ">NOVN</a>) shares moved down 72.16% on Monday to hit a new 52-week low of $0.15, drifting down 72.16%.</li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares were down 3.31% for the day, having made a 52-week low of $0.57.</li>
<li>Jiuzi Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>) stock set a new 52-week low of $1.39 on Monday, moving down 57.01%.</li>
<li>EBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBET#NASDAQ">EBET</a>) stock achieved a new 52-week low on Monday morning, hitting $0.09 and moving down 13.08%.</li>
<li>Tivic Health Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIVC#NASDAQ">TIVC</a>) shares set a new 52-week low of $0.04. The stock traded down 30.17%.</li>
<li>Allarity Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLR#NASDAQ">ALLR</a>) shares were down 2.98% for the day, having made a 52-week low of $2.90.</li>
<li>Galmed Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>) shares fell to $1.35 on Monday, setting a new 52-week low with a shift of down 3.45%.</li>
</ul>
Be sure to monitor Benzinga for the news traders need! And for even more up-to-date info on 52-week lows and highs, check out Benzinga Pro. This cutting-edge market research platform alerts traders of which stocks are trading near their 52-week highs and lows each morning - and delivers lots of other actionable data. <a href="https://pro.benzinga.com/?afmc=2a&amp;utm_source=benzinga.com&amp;utm_medium=web&amp;utm_campaign=premium_products">Learn more here</a>.

Options

ACXP

ALLR

ATNI

AUUD

CALM

DBGI

EBET

ERIC

FENG

FYBR

GLMD

HUBC

IDAI

IMTE

INGN

JZXN

MCOM

NOVN

NVCR

SISI

SOPA

SXTP

TIVC

VCNX

VRAY

XAIR

ZIVO

Stocks That Hit 52-Week Lows On Monday

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>The Progressive Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgr#NYSE">PGR</a>)</h3>
<ul>
<li>Progressive reported below-consensus second-quarter results. The company disclosed Q2 net premiums earned an increase of 19% Y/Y to $14.46 billion, which missed the consensus estimate of $14.98 billion. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/PGR">52-week low of $109.42 </a>.</li>
<li>RSI Value: 25.93</li>
<li>PGR Price Action: Shares of Progressive gained 1.8% to close at $116.79 on Friday.</li>
</ul>
<h3>Cherry Hill Mortgage Investment Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chmi#NYSE">CHMI</a>)</h3>
<ul>
<li>Cherry Hill Mortgage posted downbeat quarterly earnings. &quot;The persistently challenging macro environment, exacerbated by recent bank liquidity headwinds, impacted book value in the quarter,&quot; said Jay Lown, President and Chief Executive Officer of Cherry Hill Mortgage Investment Corporation. It <a href="https://www.benzinga.com/quote/CHMI"> has a 52-week low </a> of $4.18.</li>
<li>RSI Value: 25.27</li>
<li>CHMI Price Action: Shares of Cherry Hill Mortgage Investment fell 1.2% to close at $4.19 on Friday.</li>
</ul>
<h3>Maiden Holdings, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mhld#NASDAQ">MHLD</a>)</h3>
<ul>
<li>Maiden Hldgs reported a sharp rise in first-quarter sales. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/MHLD"> low of $1.64.</a></li>
<li>RSI Value: 26.73</li>
<li>MHLD Price Action: Shares of Maiden Holdings fell 1.7% to close at $1.70 on Friday.</li>
</ul>
<h3>Republic First Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frbk#NASDAQ">FRBK</a>)</h3>
<ul>
<li>Republic First Bancorp recently announced the election of Andrew Cohen as independent chairman of the board. The company&rsquo;s 52-week low is $0.62.</li>
<li>RSI Value: 29.77</li>
<li>FRBK Price Action: Shares of Republic First Bancorp fell 4.5% to close at $0.7664 on Friday.</li>
</ul>
<h3>The Allstate Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/all#NYSE">ALL</a>)</h3>
<ul>
<li>Piper Sandler recently maintained Allstate with an Overweight and lowered the price target from $141 to $137. The company <a href="https://www.benzinga.com/quote/ALL"> has a 52-week low </a> of $100.97.</li>
<li>RSI Value: 27.87</li>
<li>ALL Price Action: Shares of Allstate fell 3.5% to close at $101.18 on Friday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/23/07/33230688/wall-streets-most-accurate-analysts-say-hold-these-3-tech-stocks-delivering-high-dividend-yields"> Wall Street&#39;s Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-Dividend Yields </a>

B. Riley Securities analyst Matt Howlett maintains Cherry Hill Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) with a Buy and lowers the price target from $7 to $6.

B. Riley Securities Maintains Buy on Cherry Hill Mortgage, Lowers Price Target to $6

<a href="https://pro.benzinga.com/?utm_source=insights">According to data from Benzinga Pro,</a> during Q1, Cherry Hill Mortgage's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHMI#NYSE">CHMI</a>) reported sales totaled $-160 thousand. Despite a 41.01% increase in earnings, the company posted a loss of $19.32 million. In Q4, Cherry Hill Mortgage brought in $1.37 million in sales but lost $32.75 million in earnings. 
<h3>Why Is ROCE Significant?</h3>
Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q1, Cherry Hill Mortgage posted an ROCE of -0.07%.
Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future. 
ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows Cherry Hill Mortgage is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth. 
For Cherry Hill Mortgage, a negative ROCE ratio of -0.07% suggests that management may not be effectively allocating their capital. Effective capital allocation is a positive indicator that a company will achieve more durable success and favorable long-term returns; poor capital allocation can be a leech on the performance of a company over time.
<h3>Upcoming Earnings Estimate</h3>
Cherry Hill Mortgage reported Q1 earnings per share at $0.21/share, which did not meet analyst predictions of $0.25/share.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Cherry Hill Mortgage (NYSE:<a href="https://investorplace.com/stock-quotes/chmi-stock-quote/">CHMI</a>) just reported results for the second quarter of 2024.<ul><li>Cherry Hill Mortgage reported earnings per share of 8 cents. This was below the analyst estimate for EPS of 18 cents.</li><li>The company reported revenue of $167,000.</li><li>This was 98.51% worse than the analyst estimate for revenue of $11.20 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/chmi-stock-earnings-cherry-hill-mortgage-for-q2-of-2024/">CHMI Stock Earnings: Cherry Hill Mortgage Misses EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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