Is There a Dimmer Outlook Ahead for Cinedigm Corp.?

 Is There a Dimmer Outlook Ahead for Cinedigm Corp.?

Cinedigm Corp. (NASDAQ:CIDM) went down by -12.56% from its latest closing price compared to the recent 1-year high of $6.00. The company’s stock price has collected 18.42% of gains in the last five trading sessions. Press Release reported 10 hours ago that Cinedigm Inks Multi-Year U.S. Content Deal With Nelvana

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Is It Worth Investing in Cinedigm Corp. (NASDAQ :CIDM) Right Now?

Plus, the 36-month beta value for CIDM is at 1.64. Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for Cinedigm Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $3.50, which is -$0.71 below the current price. CIDM currently public float of 43.38M and currently shorts hold a 0.80% ratio of that float. Today, the average trading volume of CIDM was 3.68M shares.

CIDM’s Market Performance

CIDM stocks went up by 18.42% for the week, with a monthly drop of -41.71% and a quarterly performance of -63.57%, while its annual performance rate touched -16.74%. The volatility ratio for the week stands at 25.19% while the volatility levels for the past 30 days are set at 15.03% for Cinedigm Corp.. The simple moving average for the period of the last 20 days is -17.44% for CIDM stocks with a simple moving average of -26.29% for the last 200 days.

Analysts’ Opinion of CIDM

Many brokerage firms have already submitted their reports for CIDM stocks, with The Benchmark Company repeating the rating for CIDM by listing it as a “Speculative Buy.” The predicted price for CIDM in the upcoming period, according to The Benchmark Company is $3.50 based on the research report published on July 7th of the current year 2020.

Macquarie, on the other hand, stated in their research note that they expect to see CIDM reach a price target of $3.50. The rating they have provided for CIDM stocks is “Outperform” according to the report published on April 30th, 2015.

B. Riley & Co. gave a rating of “Buy” to CIDM, setting the target price at $3.25 in the report published on June 27th of the previous year.

CIDM Trading at -46.69% from the 50-Day Moving Average

After a stumble in the market that brought CIDM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.11% of loss for the given period.

Volatility was left at 15.03%, however, over the last 30 days, the volatility rate increased by 25.19%, as shares sank -39.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -63.21% lower at present.

During the last 5 trading sessions, CIDM rose by +3.66%, which changed the moving average for the period of 200-days by -7.79% in comparison to the 20-day moving average, which settled at $0.8409. In addition, Cinedigm Corp. saw 16.57% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CIDM starting from Bison Entertainment Investment, who sold 19,666,667 shares at the price of $0.58 back on Sep 15. After this action, Bison Entertainment Investment now owns 3,900,000 shares of Cinedigm Corp., valued at $11,406,667 using the latest closing price.

Stock Fundamentals for CIDM

Current profitability levels for the company are sitting at:

  • -11.07 for the present operating margin
  • +32.46 for the gross margin

The net margin for Cinedigm Corp. stands at -37.50. Equity return is now at value 109.50, with -29.20 for asset returns.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

When we switch over and look at the enterprise to sales, we see a ratio of 1.37, with the company’s debt to enterprise value settled at 0.93. The receivables turnover for the company is 0.99 and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.48.

An article written by Ethane Eddington on

Related post