Cinedigm Corp. (NASDAQ:CIDM) went down by -0.74% from its latest closing price compared to the recent 1-year high of $6.00. Press Release reported 14 hours ago that Frndly TV & Cinedigm Announce Distribution Partnership Agreement; Pact Brings Dove Channel to Frndly TV Customers
Is It Worth Investing in Cinedigm Corp. (NASDAQ :CIDM) Right Now?
Plus, the 36-month beta value for CIDM is at 1.85. Opinions of the stock are interesting as 2 analysts out of 2 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 $3.25. CIDM currently public float of 128.48M and currently shorts hold a 1.94% ratio of that float. Today, the average trading volume of CIDM was 18.13M shares.
CIDM’s Market Performance
CIDM stocks went down by 0.00% for the week, with a monthly drop of -31.98% and a quarterly performance of 65.43%, while its annual performance rate touched 318.75%. The volatility ratio for the week stands at 12.18% while the volatility levels for the past 30 days are set at 14.02% for Cinedigm Corp.. The simple moving average for the period of the last 20 days is -0.04% for CIDM stocks with a simple moving average of 14.02% for the last 200 days.
Analysts’ Opinion of CIDM
Many brokerage firms have already submitted their reports for CIDM stocks, with Alliance Global Partners repeating the rating for CIDM by listing it as a “Buy.” The predicted price for CIDM in the upcoming period, according to Alliance Global Partners is $3 based on the research report published on January 21st of the current year 2021.
The Benchmark Company, 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 “Speculative Buy” according to the report published on July 07th, 2020.
CIDM Trading at -4.39% 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 -77.67% of loss for the given period.
Volatility was left at 14.02%, however, over the last 30 days, the volatility rate increased by 12.18%, as shares sank -29.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +88.65% upper at present.
During the last 5 trading sessions, CIDM remain unchanged, which changed the moving average for the period of 200-days by -63.09% in comparison to the 20-day moving average, which settled at $1.3120. In addition, Cinedigm Corp. saw 107.82% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CIDM starting from Xu Peixin, who sale 3,865,387 shares at the price of $0.61 back on Dec 31. After this action, Xu Peixin now owns 30,812,133 shares of Cinedigm Corp., valued at $2,357,886 using the latest closing price.
Xu Peixin, the Director of Cinedigm Corp., sale 4,358,727 shares at $0.62 during a trade that took place back on Dec 30, which means that Xu Peixin is holding 34,677,520 shares at $2,702,411 based on the most recent 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.
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.