Moreover, the 36-month beta value for CNVS is 1.70. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CNVS is 12.78M and currently, short sellers hold a 0.93% of that float. On October 21, 2024, CNVS’s average trading volume was 124.65K shares.
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CNVS) stock’s latest price update
Cineverse Corp (NASDAQ: CNVS)’s stock price has gone rise by 19.37 in comparison to its previous close of 1.91, however, the company has experienced a 57.24% increase in its stock price over the last five trading days. prnewswire.com reported 2024-10-15 that Horror Sequel Certified Fresh on Rotten Tomatoes and Earns Strong Rotten Tomatoes and CinemaScore Audience Approval LOS ANGELES, Oct. 15, 2024 /PRNewswire/ — Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, is proud to announce that Terrifier 3 has delivered a standout opening performance, far surpassing early expectations and proving the power of independent filmmaking. With over 2,500 theaters in North America, Terrifier 3 opened to $21.4 million at the box office over the four-day holiday weekend.
CNVS’s Market Performance
Cineverse Corp (CNVS) has experienced a 57.24% rise in stock performance for the past week, with a 185.00% rise in the past month, and a 164.19% rise in the past quarter. The volatility ratio for the week is 15.62%, and the volatility levels for the past 30 days are at 13.93% for CNVS. The simple moving average for the past 20 days is 80.71% for CNVS’s stock, with a 106.01% simple moving average for the past 200 days.
CNVS Trading at 130.83% 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 -41.98% of loss for the given period.
Volatility was left at 13.93%, however, over the last 30 days, the volatility rate increased by 15.62%, as shares surge +181.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +174.37% upper at present.
During the last 5 trading sessions, CNVS rose by +57.24%, which changed the moving average for the period of 200-days by +80.95% in comparison to the 20-day moving average, which settled at $1.26. In addition, Cineverse Corp saw 68.89% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CNVS
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.55 for the gross margin
The net margin for Cineverse Corp stands at -0.46. The total capital return value is set at -0.01. Equity return is now at value -54.96, with -27.73 for asset returns.
Based on Cineverse Corp (CNVS), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -1.08. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is -0.31.
Currently, EBITDA for the company is 3.43 million with net debt to EBITDA at 1.34. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 3.25for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
To wrap up, the performance of Cineverse Corp (CNVS) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
