Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
CION Investment Corporation Market Cap
From what 2 stock analysts predict, the share price for CION Investment Corporation (CION) might increase by 3.72% in the next year. This is based on a 12-month average estimation for CION. Price targets go from $11 to $13. The majority of stock analysts believe CION is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
CION Investment Corporation has a total of 2 Wall St Analyst ratings. There are 0 buy ratings, 2 ratings, and 0 sell ratings. Since most analysts have a hold consensus rating, the expectation is that CION Investment Corporation will generate similar returns as the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of CION.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Finian O'Shea Wells Fargo | Equal-Weight | $11.5 | Maintains | Oct 29, 2024 |
| Mitchel Penn Oppenheimer | Perform | $13 | Initiates | Oct 8, 2024 |
| Finian O'Shea Wells Fargo | Equal-Weight | $12 | Maintains | May 15, 2024 |
| Timothy O'Shea Wells Fargo | Equal-Weight | $10.75 | Maintains | Aug 10, 2023 |
| Timothy O'Shea Wells Fargo | Equal-Weight | $9.25 | Downgrade | Apr 18, 2023 |
| Timothy O'Shea Wells Fargo | Overweight | $10.5 | Maintains | Mar 17, 2023 |
| Finian O'Shea Wells Fargo | Overweight | $10.25 | Maintains | Nov 11, 2022 |
| Finian O'Shea Wells Fargo | Overweight | $9.5 | Maintains | Oct 24, 2022 |
| Finian O'Shea Wells Fargo | Overweight | $9.5 | Upgrade | Jul 25, 2022 |
| Finian O'Shea Wells Fargo | Equal-Weight | $11.5 | Maintains | Apr 25, 2022 |
Wells Fargo | Equal-Weight | Initiates | Nov 1, 2021 |
When did it IPO
2021
Staff Count
0
Country
United States
Sector/Industry
Financial Services/Asset Management
CEO
Mr. Michael A. Reisner Esq., J.D.
Market Cap
$605.3M
In 2023, CION generated $106.6M in revenue, which was a increase of 74.38% from the previous year. This can be seen as a signal that CION's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Sun, 08 Dec 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - CION Investment offers a dividend yield over 12% with a coverage ratio of 124%. It invests in first-lien debt but has a 1.8% non-accrual rate. It trades at a discount to NAV, raising capital concerns.
Why It Matters - CION Investment's high dividend yield and strong coverage attract income-focused investors, while its non-accruals and discount to NAV raise caution about credit quality and capital growth.
Wed, 20 Nov 2024
Sentiment - NEGATIVE
Source - Seeking Alpha
Summary - Some stocks currently offer high dividends of 13-14%, but there are concerns about potential cuts to these dividends despite their undervaluation and coverage.
Why It Matters - High dividend yields can attract investors, but potential cuts signal underlying risks. Assessing stability and valuation is crucial for informed investment decisions.
Sun, 10 Nov 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - CION Investment Corporation is currently trading at a ~27% discount to NAV, raising concerns about its PIK and portfolio volatility amidst its high yield profile.
Why It Matters - CION's significant discount to NAV amid concerns over PIK and portfolio volatility signals potential undervaluation or underlying risks, impacting investment decisions and risk assessments.
Sat, 09 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - CION Investment Corporation (NYSE:CION) will hold its Q3 2024 earnings conference call on November 7, 2024, at 11:00 AM ET, featuring key company executives.
Why It Matters - CION's Q3 2024 earnings call offers insights into financial performance and future strategies, which can influence stock valuation and investor sentiment.
Thu, 07 Nov 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - CION Investment Corporation (NYSE: CION) reported Q3 2024 results and declared a fourth quarter distribution of $0.36 per share, payable on December 16, 2024, to shareholders of record by December 2, 2024.
Why It Matters - CION's strong Q3 results and a declared dividend reflect financial health, potentially attracting investors seeking income and stability in their portfolios.
Fri, 01 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - In September, two new convertible preferred stock offerings and one ETD offering emerged, with yields of 6% to 8.125%. High-quality preferreds (CDx3 score 10) yield 6.23% at a 7-cent premium to par.
Why It Matters - The introduction of new convertible preferred stock offerings with higher yields may attract investors seeking better returns, potentially impacting demand and pricing for existing preferred stocks.
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