Chemung Stock Story

CHMG -  USA Stock  

USD 46.00  1.37  2.89%

Chemung Financial is scheduled to announce its earnings tomorrow. The upcoming quarterly report is expected on the 18th of October 2021. Because some of us are getting excited about financial services space, it makes sense to digest Chemung Financial Cp in greater detail. I will address why shareholders ignored this entity since the beginning of the latest economic outlook.
Published over a month ago
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Will Chemung Financial Cp price surge in November?
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Chemung Financial has an asset utilization ratio of 11.59 percent. This indicates that the company is making $0.12 for each dollar of assets. An increasing asset utilization means that Chemung Financial Cp is more efficient with each dollar of assets it utilizes for everyday operations.
What is the right price you would pay to acquire a share of Chemung Financial? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated.
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What is happening with Chemung Financial Cp this year

Annual and quarterly reports issued by Chemung Financial Cp are formal financial statements that are published yearly and quarterly and sent to Chemung stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Chemung Financial often view their annual report as an effective marketing tool to disseminate their perspective on company future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.

How Chemung utilizes its cash?

To perform a cash flow analysis of Chemung Financial, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Chemung Financial is receiving and how much cash it distributes out in a given period. The Chemung Financial cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Chemung Financial Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 28.66 Million

Is Chemung a risky opportunity?

Let's check the volatility. Chemung is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Chemung (NASDAQ:CHMG) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. purchasing a share of a Chemung Financial stock makes you a part-owner of that company.

Chemung Financial Cp Current Consensus

Here is the latest trade recommendation based on an ongoing consensus estimate among financial analysis covering Chemung Financial. The Chemung consensus assessment is calculated by taking the average estimates from all of the analysts covering Chemung Financial

Strong Buy
Strong Buy150.0
Strong Sell00.0

Momentum Analysis of Chemung Financial suggests possible reversal in November

Chemung Financial latest maximum drawdown ascents over 11.15.
As of the 17th of October 2021, Chemung Financial shows the mean deviation of 1.22, and Risk Adjusted Performance of 0.0464. Chemung Financial technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have collected data for nineteen technical drivers for Chemung Financial Cp, which can be compared to its rivals. Please confirm Chemung Financial jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if Chemung Financial is priced correctly, providing market reflects its regular price of 46.35 per share. Given that Chemung Financial has jensen alpha of 0.0775, we suggest you to validate Chemung Financial Cp's prevailing market performance to make sure the company can sustain itself at a future point.

Our Conclusion on Chemung Financial

Although some other firms within the banks—regional industry are still a little expensive, even after the recent corrections, Chemung Financial may offer a potential longer-term growth to shareholders. With a somewhat neutral outlook on your 90 days horizon, it may be better to hold off any trading activity and neither trade new shares of Chemung nor short your existing holdings in the Stock. It seems the expected volatility has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Chemung Financial.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Chemung Financial Cp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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