The stock has a 36-month beta value of 1.42.
The public float for CNVS is 11.21M, and at present, short sellers hold a 2.74% of that float. On April 23, 2024, the average trading volume of CNVS was 641.04K shares.
CNVS) stock’s latest price update
The stock price of Cineverse Corp (NASDAQ: CNVS) has plunged by -16.67 when compared to previous closing price of 1.14, but the company has seen a -22.76% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-02-15 that Cineverse (NASDAQ: CNVS ) stock is down on Thursday following the release of the streaming technology and entertainment company’s fiscal Q3 2024 earnings report. CNVS stock is down after the company revealed diluted earnings per share of -22 cents.
CNVS’s Market Performance
Cineverse Corp (CNVS) has experienced a -22.76% fall in stock performance for the past week, with a -33.10% drop in the past month, and a -33.57% drop in the past quarter. The volatility ratio for the week is 10.42%, and the volatility levels for the past 30 days are at 7.75% for CNVS. The simple moving average for the last 20 days is -29.64% for CNVS stock, with a simple moving average of -27.10% for the last 200 days.
CNVS Trading at -31.04% from the 50-Day Moving Average
After a stumble in the market that brought CNVS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.69% of loss for the given period.
Volatility was left at 7.75%, however, over the last 30 days, the volatility rate increased by 10.42%, as shares sank -29.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.57% lower at present.
During the last 5 trading sessions, CNVS fell by -22.76%, which changed the moving average for the period of 200-days by -41.36% in comparison to the 20-day moving average, which settled at $1.3303. In addition, Cineverse Corp saw -29.63% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNVS starting from Lindsey Mark Wayne, who purchase 10,000 shares at the price of $1.15 back on Sep 29 ’23. After this action, Lindsey Mark Wayne now owns 18,631 shares of Cineverse Corp, valued at $11,500 using the latest closing price.
Stock Fundamentals for CNVS
Equity return is now at value -23.41, with -10.96 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To sum up, Cineverse Corp (CNVS) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
