Thursday, November 26, 2020

Cinedigm Corp. [CIDM] gain 248.57% so far this year. What now?

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Cinedigm Corp. [NASDAQ: CIDM] traded at a high on 06/11/20, posting a 4.27 gain after which it closed the day’ session at $2.44. The results of the trading session contributed to over 9589862 shares changing hands. Over the past one week, the price volatility of Cinedigm Corp. stands at 25.27% while the volatility over the past one month is 41.02%.

The market cap for CIDM stock reached $332.06 million, with 42.42 million shares outstanding and 88.15 million shares in the current float. Compared to the average trading volume of 7.44M shares, CIDM reached a trading volume of 9589862 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about Cinedigm Corp. [CIDM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CIDM shares is $1.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CIDM stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Macquarie have made an estimate for Cinedigm Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 30, 2015. While these analysts kept the previous recommendation, B. Riley & Co. dropped their target price from $3.50 to $3.25. The new note on the price target was released on June 27, 2014, representing the official price target for Cinedigm Corp. stock. Previously, the target price had yet another raise from $2.30 to $3, while B. Riley & Co. kept a Buy rating on CIDM stock.

The Average True Range (ATR) for Cinedigm Corp. is set at 0.61, with the Price to Sales ratio for CIDM stock in the period of the last 12 months amounting to 7.62.

How has CIDM stock performed recently?

Cinedigm Corp. [CIDM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -32.78. With this latest performance, CIDM shares gained by 328.15% in over the last four-week period, additionally plugging by 205.00% over the last 6 months – not to mention a rise of 76.81% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CIDM stock in for the last two-week period is set at 63.63, with the RSI for the last a single of trading hit 62.35, and the three-weeks RSI is set at 63.95 for Cinedigm Corp. [CIDM]. The present Moving Average for the last 50 days of trading for this stock 0.86, while it was recorded at 2.56 for the last single week of trading, and 0.77 for the last 200 days.

Cinedigm Corp. [CIDM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Cinedigm Corp. [CIDM] shares currently have an operating margin of -10.49 and a Gross Margin at +44.20. Cinedigm Corp.’s Net Margin is presently recorded at -30.32.

Return on Total Capital for CIDM is now -15.63, given the latest momentum, and Return on Invested Capital for the company is -125.80. Additionally, CIDM Total Debt to Total Capital is recorded at 229.85, with Total Debt to Total Assets ending up at 63.18.

Reflecting on the efficiency of the workforce at the company, Cinedigm Corp. [CIDM] managed to generate an average of -$156,087 per employee. Receivables Turnover for the company is 1.18 with a Total Asset Turnover recorded at a value of 0.49.Cinedigm Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.

Earnings analysis for Cinedigm Corp. [CIDM]

With the latest financial reports released by the company, Cinedigm Corp. posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CIDM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cinedigm Corp. go to 10.00%.

Insider trade positions for Cinedigm Corp. [CIDM]

There are presently around $6 million, or 2.40% of CIDM stock, in the hands of institutional investors. The top three institutional holders of CIDM stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 1,026,927, which is approximately -0.955% of the company’s market cap and around 8.00% of the total institutional ownership; KORE PRIVATE WEALTH LLC, holding 448,134 shares of the stock with an approximate value of $1.05 million in CIDM stocks shares; and VANGUARD GROUP INC, currently with $0.69 million in CIDM stock with ownership of nearly -0.983% of the company’s market capitalization.

6 institutional holders increased their position in Cinedigm Corp. [NASDAQ:CIDM] by around 181,951 shares. Additionally, 15 investors decreased positions by around 508,853 shares, while 10 investors held positions by with 1,807,420 shares. The mentioned changes placed institutional holdings at 2,498,224 shares, according to the latest SEC report filing. CIDM stock had 6 new institutional investments in for a total of 181,951 shares, while 7 institutional investors sold positions of 118,875 shares during the same period.

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