Cineverse Corp (NASDAQ:CNVS) does about 228.29K shares in volume on a normal day but saw 2917611 shares change hands in the recent trading day. The company now has a market cap of 62.51M USD. Its current market price is $3.20, marking an increase of 23.08% compared to the previous close of $2.60. The 52 week high reached by this stock is $3.93 whilst the lowest price level in 52 weeks is $0.71.
Cineverse Corp (CNVS) has a 20-day trading average at $2.57 and the current price is -18.58% off the 52-week high compared with 347.55% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.69 and its 200-day simple moving average is $1.21. If we look at the stock’s price movements over the week, volatility stands at 18.03%, which decreases to 13.61% 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 68.21 to suggest the stock is neutral.
The consensus objective for the share price is $7.50, suggesting that the stock has a potential upside of 57.33% over the period.
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 Strong Buy the stock.
The current price level is 24.60%, 89.44%, and 163.99% away from its SMA20, SMA50, and SMA200 respectively, with the CNVS price moving below the 50-day SMA on current market day. Cineverse Corp (CNVS) stock is up 17.22% over the week and 67.54% over the past month. Its price is 137.04% year-to-date and 188.29% over the past year.
Expected sales for next quarter are $15.49M, which analysts say will come at $72.71M for the current fiscal year and next year at $58.55M. In addition, estimates put the company’s current quarterly revenue at an average of $35.38M.
To reach the target analysts have set, the stock logically needs to grow 57.33 percent from here.
The company has a return on investment of -73.61% and return on equity of -56.86%. The beta has a value of 1.52. Price to book ratio is 1.92 and price to sales ratio is 1.39.
