Additionally, the 36-month beta value for CNVS is 1.70. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CNVS is 12.78M and currently, short sellers hold a 2.22% ratio of that float. The average trading volume of CNVS on October 31, 2024 was 167.07K shares.
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CNVS) stock’s latest price update
Cineverse Corp (NASDAQ: CNVS) has experienced a rise in its stock price by 7.23 compared to its previous closing price of 2.35. However, the company has seen a gain of 18.87% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-30 that I specialize in small cap, micro-cap, and nano-cap stocks, focusing on market inefficiencies and selective opportunities for high returns. Cineverse Corp., the indie movie studio behind Terrifier 3, is set for a significant cash windfall from its box office success. $45 million at the box office through October 28th. Cineverse’s valuation is compelling, with a market cap of $37 million and potential additional revenue from streaming and licensing deals.
CNVS’s Market Performance
Cineverse Corp (CNVS) has seen a 18.87% rise in stock performance for the week, with a 161.14% gain in the past month and a 207.32% surge in the past quarter. The volatility ratio for the week is 11.13%, and the volatility levels for the past 30 days are at 14.63% for CNVS. The simple moving average for the past 20 days is 41.22% for CNVS’s stock, with a 120.26% simple moving average for the past 200 days.
CNVS Trading at 106.45% 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 -35.88% of loss for the given period.
Volatility was left at 14.63%, however, over the last 30 days, the volatility rate increased by 11.13%, as shares surge +152.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +206.23% upper at present.
During the last 5 trading sessions, CNVS rose by +18.87%, which changed the moving average for the period of 200-days by +78.72% in comparison to the 20-day moving average, which settled at $1.78. In addition, Cineverse Corp saw 86.67% 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 0.98. 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
In conclusion, Cineverse Corp (CNVS) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
