Cineverse Corp (NASDAQ: CNVS) has experienced a rise in its stock price by 23.08 compared to its previous closing price of 2.60. However, the company has seen a gain of 17.22% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-14 that Cineverse Corp. (NASDAQ:CNVS ) Q3 2024 Earnings Conference Call November 14, 2024 4:30 PM ET Company Participants Gary Loffredo – Chief Legal Officer, Secretary & Senior Advisor Chris McGurk – Chairman & Chie Executive Officer Mark Lindsey – Chief Financial Officer Erick Opeka – President & Chief Strategy Officer Mark Huidor – Chief Operating Officer & Chief Technology Officer Conference Call Participants Daniel Kurnos – The Benchmark Company Brian Kinstlinger – Alliance Global Partners Jay Petschek – Corsair Capital Operator Good day, everyone. Welcome to Cineverse’s Second Quarter Fiscal 2025 Financial Results Conference Call.
Is It Worth Investing in Cineverse Corp (NASDAQ: CNVS) Right Now?
The 36-month beta value for CNVS is also noteworthy at 1.52. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CNVS is 12.92M, and at present, short sellers hold a 2.65% of that float. The average trading volume of CNVS on November 18, 2024 was 228.29K shares.
CNVS’s Market Performance
The stock of Cineverse Corp (CNVS) has seen a 17.22% increase in the past week, with a 67.54% rise in the past month, and a 281.86% gain in the past quarter. The volatility ratio for the week is 18.03%, and the volatility levels for the past 30 days are at 13.61% for CNVS. The simple moving average for the past 20 days is 24.60% for CNVS’s stock, with a 163.99% simple moving average for the past 200 days.
CNVS Trading at 89.44% 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 -18.58% of loss for the given period.
Volatility was left at 13.61%, however, over the last 30 days, the volatility rate increased by 18.03%, as shares surge +40.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +311.95% upper at present.
During the last 5 trading sessions, CNVS rose by +17.22%, which changed the moving average for the period of 200-days by +90.48% in comparison to the 20-day moving average, which settled at $2.57. In addition, Cineverse Corp saw 137.04% 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 -56.86, with -30.09 for asset returns.
Based on Cineverse Corp (CNVS), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at -1.19. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is -0.31.
Currently, EBITDA for the company is -16.42 million with net debt to EBITDA at -0.29. When we switch over and look at the enterprise to sales, we see a ratio of 1.21. 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 0.96.
Conclusion
In summary, Cineverse Corp (CNVS) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
