Additionally, the 36-month beta value for CNVS is 1.68.
The public float for CNVS is 10.40M and currently, short sellers hold a 1.51% ratio of that float. The average trading volume of CNVS on July 03, 2024 was 95.01K shares.
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CNVS) stock’s latest price update
Cineverse Corp (NASDAQ: CNVS)’s stock price has gone decline by -11.99 in comparison to its previous close of 0.90, however, the company has experienced a -7.90% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-07-02 that The Channel Has Seen Tremendous Growth Across Consumption and Engagement Since Its January Launch LOS ANGELES, July 2, 2024 /PRNewswire/ — Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced its inaugural Bark Week on the Dog Whisperer With Cesar Millan free ad-supported streaming television (FAST) channel for the week of July 7 to July 14, 2024. The company also announced that the channel will be available on Pluto TV on July 8 – just in time for Bark Week.
CNVS’s Market Performance
Cineverse Corp (CNVS) has experienced a -7.90% fall in stock performance for the past week, with a -16.66% drop in the past month, and a -45.75% drop in the past quarter. The volatility ratio for the week is 9.75%, and the volatility levels for the past 30 days are at 7.96% for CNVS. The simple moving average for the past 20 days is -10.16% for CNVS’s stock, with a -33.12% simple moving average for the past 200 days.
CNVS Trading at -12.52% 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 -79.84% of loss for the given period.
Volatility was left at 7.96%, however, over the last 30 days, the volatility rate increased by 9.75%, as shares sank -18.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.52% lower at present.
During the last 5 trading sessions, CNVS fell by -7.90%, which changed the moving average for the period of 200-days by -36.63% in comparison to the 20-day moving average, which settled at $0.8728. In addition, Cineverse Corp saw -41.33% 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 -58.17, with -28.08 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
In conclusion, Cineverse Corp (CNVS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
