Cineverse Corp (NASDAQ:CNVS) does about 167.97K shares in volume on a normal day but saw 2026942 shares change hands in the recent trading day. The company now has a market cap of 109.83M USD. Its current market price is $6.42, marking an increase of 6.29% compared to the previous close of $6.04. The 52 week high reached by this stock is $6.24 whilst the lowest price level in 52 weeks is $0.71.
Cineverse Corp (CNVS) has a 20-day trading average at $4.37 and the current price is 2.88% off the 52-week high compared with 797.90% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.68 and its 200-day simple moving average is $3.22. If we look at the stock’s price movements over the week, volatility stands at 12.86%, which decreases to 7.45% 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 91.29 to suggest the stock is overbought.
The consensus objective for the share price is $9.50, suggesting that the stock has a potential upside of 32.42% 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 47.05%, 74.50%, and 99.18% 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 33.75% over the week and 73.51% over the past month. Its price is 710.50% year-to-date and 75.89% over the past year.
To reach the target analysts have set, the stock logically needs to grow 32.42 percent from here.
Outstanding shares total 15.98M with insiders holding 18.54% of the shares and institutional holders owning 14.92% of the company’s common stock. The company has a return on investment of 8.32% and return on equity of 10.01%. The price to earnings ratio (P/E ratio) amounts to 43.55. The beta has a value of 1.48. Price to book ratio is 2.92 and price to sales ratio is 1.40.
