Cinedigm Corp. [CIDM] Is Currently -5.79 below its 200 Period Moving Avg: What Dose This Mean?

Cinedigm Corp. [NASDAQ: CIDM] loss -5.79% or -0.07 points to close at $1.14 with a heavy trading volume of 11161273 shares. The company report on April 7, 2021 that Cinedigm Acquires The Frightening New Feature THE STAIRS Releasing This Summer.

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After a great reception on the horror festival circuit, Cinedigm Corp (NASDAQ:CIDM) announced that it has acquired all North American rights to the horror film THE STAIRS. The film is anchored by a cast of acting veterans, led by John Schneider (The Dukes of Hazzard) and Academy Award® nominated Kathleen Quinlan (Apollo 13); it also features Adam Korson (Imposters), Brent Bailey (Agents of S.H.I.E.L.D.) and Stacey Oristano (Friday Night Lights). This chilling new film will be available on demand and digital this Summer.

THE STAIRS signals a further commitment by Cinedigm to invest in this rapidly growing genre. Last month, the Company announced the acquisition of the subscription-based Screambox, a video-on-demand service which is one of the country’s leading streaming platforms for Horror Movies and TV Series. With a strong catalog of Horror titles, Cinedigm is now one of the premiere digital destinations for the genre.

It opened the trading session at $1.18, the shares rose to $1.22 and dropped to $1.10, the range by which the price of stock traded the whole day. The daily chart for CIDM points out that the company has recorded 99.68% gains over the past six months. However, it is still -208.11% lower than its most recent low trading price.

If we look at the average trading volume of 26.04M shares, CIDM reached to a volume of 11161273 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Cinedigm Corp. [CIDM]:

Alliance Global Partners have made an estimate for Cinedigm Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 21, 2021. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Speculative Buy. The new note on the price target was released on July 07, 2020, representing the official price target for Cinedigm Corp. stock. On June 27, 2014, analysts decreased their price target for CIDM shares from 3.50 to 3.25.

The Average True Range (ATR) for Cinedigm Corp. is set at 0.18, with the Price to Sales ratio for CIDM stock in the period of the last 12 months amounting to 6.92. The Price to Book ratio for the last quarter was 19.00, with the Price to Cash per share for the same quarter was set at 0.14.

Trading performance analysis for CIDM stock

Cinedigm Corp. [CIDM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.28. With this latest performance, CIDM shares dropped by -8.80% in over the last four-week period, additionally plugging by 99.68% over the last 6 months – not to mention a rise of 185.00% 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 39.69, with the RSI for the last a single of trading hit 33.86, and the three-weeks RSI is set at 43.09 for Cinedigm Corp. [CIDM]. The present Moving Average for the last 50 days of trading for this stock 1.5388, while it was recorded at 1.2660 for the last single week of trading, and 1.1007 for the last 200 days.

Cinedigm Corp. [CIDM]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Cinedigm Corp. [CIDM] shares currently have an operating margin of -11.07 and a Gross Margin at +32.46. Cinedigm Corp.’s Net Margin is presently recorded at -37.50.

Additionally, CIDM Total Debt to Total Capital is recorded at 156.36, with Total Debt to Total Assets ending up at 45.24.

Reflecting on the efficiency of the workforce at the company, Cinedigm Corp. [CIDM] managed to generate an average of -$204,639 per employee. Receivables Turnover for the company is 0.99 with a Total Asset Turnover recorded at a value of 0.38.Cinedigm Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Cinedigm Corp. [CIDM]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Cinedigm Corp. posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.03/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -166.70%. 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%.

An analysis of insider ownership at Cinedigm Corp. [CIDM]

There are presently around $8 million, or 6.70% of CIDM stock, in the hands of institutional investors. The top three institutional holders of CIDM stocks are: KORE PRIVATE WEALTH LLC with ownership of 1,484,072, which is approximately 231.167% of the company’s market cap and around 1.10% of the total institutional ownership; VANGUARD GROUP INC, holding 1,377,394 shares of the stock with an approximate value of $1.57 million in CIDM stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $1.27 million in CIDM stock with ownership of nearly 1026.818% of the company’s market capitalization.

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Positions in Cinedigm Corp. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 17 institutional holders increased their position in Cinedigm Corp. [NASDAQ:CIDM] by around 3,324,614 shares. Additionally, 13 investors decreased positions by around 5,337,997 shares, while 6 investors held positions by with 1,755,642 shares. The mentioned changes placed institutional holdings at 6,906,969 shares, according to the latest SEC report filing. CIDM stock had 10 new institutional investments in for a total of 729,270 shares, while 8 institutional investors sold positions of 5,121,529 shares during the same period.

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