Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Chemung Financial Corp. before investing.

In this article, we go over a few key elements for understanding Chemung Financial Corp.’s stock price such as:

• Chemung Financial Corp.’s current stock price and volume
• Why Chemung Financial Corp.’s stock price changed recently
• Upgrades and downgrades for CHMG from analysts
• CHMG’s stock price momentum as measured by its relative strength

About Chemung Financial Corp. (CHMG)

Before we jump into Chemung Financial Corp.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Chemung Financial Corporation is a financial services holding company. The Company operates about 31 offices through its principal subsidiary, Chemung Canal Trust Company (the Bank), a full-service community bank. The Company is also the parent company of CFS Group, Inc., a financial services subsidiary offering non-traditional services, including mutual funds, annuities, brokerage services, tax preparation services and insurance. The Company, through the Bank and CFS, provides a range of financial services, including demand, savings and time deposits, commercial, residential and consumer loans, interest rate swaps, letters of credit, wealth management services, employee benefit plans, insurance products, mutual funds and brokerage services. Its core banking segment attracts deposits from the general public and uses such funds to originate consumer, commercial, commercial real estate, and other loans. Its WMG services segment offers trust and investment advisory services to clients.

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Chemung Financial Corp.’s Stock Price as of Market Close

As of June 24, 2024, 4:00 PM, CST, Chemung Financial Corp.’s stock price was $43.83.

Chemung Financial Corp. is up 4.26% from its previous closing price of $42.04.

During the last market session, Chemung Financial Corp.’s stock traded between $41.90 and $42.50. Currently, there are 4.76 million shares of Chemung Financial Corp. stock available for purchase.

Chemung Financial Corp.’s price-earnings (P/E) ratio is currently at 8.0, which is low compared to the Banks industry median of 9.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Chemung Financial Corp. Stock Price History

Chemung Financial Corp.’s (CHMG) price is currently up 0.99% so far this month.

During the month of June, Chemung Financial Corp.’s stock price has reached a high of $43.98 and a low of $41.90.

Over the last year, Chemung Financial Corp. has hit prices as high as $51.36 and as low as $36.99. Year to date, Chemung Financial Corp.’s stock is down 4.45%.

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What Caused Chemung Financial Corp. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 21, 2024, there were 2 analysts who downgraded Chemung Financial Corp.’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Chemung Financial Corp.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Chemung Financial Corp.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Chemung Financial Corp.’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Chemung Financial Corp. (CHMG) by visiting AAII Stock Evaluator.

Relative Price Strength of Chemung Financial Corp.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 21, 2024, Chemung Financial Corp. has a weighted four-quarter relative price strength of -2.74%, which translates to a Momentum Score of 61 and is considered to be Strong.

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Chemung Financial Corp. Stock Price: Bottom Line

As of June 24, 2024, Chemung Financial Corp.’s stock price is $43.83, which is up 4.26% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Chemung Financial Corp. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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