Cinedigm Corp. (NASDAQ:CIDM) does about 7.19M shares in volume on a normal day but saw 3288090 shares change hands in Tuesday trading. The company now has a market cap of 83.02M USD and an enterprise value of about $128.43M. Its current market price is $0.79, marking a decrease of -10.23% compared to the previous close of $0.88. The 52 week high reached by this stock is $6.00 whilst the lowest price level in 52 weeks is $0.25. The script in recent trading has seen the stock touch a high of $0.86 and a low of $0.761.
Cinedigm Corp. (CIDM) has a 20-day trading average at $1.1760 and the current price is -86.83% off the 52-week high compared with 216.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5614 and its 200-day simple moving average is $0.9693. If we look at the stock’s price movements over the week, volatility stands at 11.15%, which decreases to 10.22% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 22.00 to suggest the stock is oversold.
1 analysts observing the Cinedigm Corp. (CIDM) stock have set the 12-month price targets for the company’s shares at between $3.50 and $3.50. The median price target is 77.43% away from the current levels at $3.50.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 07, 2020 when The Benchmark Company initiated the stock to “Speculative Buy” and issued a price target of $3.50. Macquarie upgraded the stock to “Outperform” from Neutral on April 30, 2015 at a price target of . B. Riley & Co. reiterated its price target at $3.50-$3.25.
The current price level is -34.76%, -50.40%, and -18.54% away from its SMA20, SMA50, and SMA200 respectively, with the CIDM price moving above the 50-day SMA on September 01. Cinedigm Corp. (CIDM) stock is down -13.34% over the week and -47.68% over the past month. Its price is 12.86% year-to-date and -20.20% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.21 below consensus estimates by -$0.13. The company’s next earnings report is expected on 11/12/2020, with forecasts estimating quarterly EPS at -$0.05 and -$0.31 for whole year. Expected sales for next quarter are $12.46 million, which analysts say will come at $37.73 million for the current fiscal year and next year at $42.57 million. In addition, estimates put the company’s current quarterly revenue at an average of $8.26 million.
Its 12-month price target is $3.50. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $3.50, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.50.
Outstanding shares total 94.42M with insiders holding 51.23% of the shares and institutional holders owning 2.81% of the company’s common stock. The company has a return on investment of -17.20% and return on equity of 109.50%. The beta has a value of 1.59. Price to sales ratio is 2.34.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in Cinedigm Corp. (CIDM) to 786,863 shares, mirroring a recent drop by 0.00%. Vanguard Total Stock Market Index dumped 0.0 shares of Cinedigm Corp. common stock bringing its total worth to about $1.12 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which sold off 0.0 shares to end up with 564,999 shares worth $0.8 million.