Cinedigm Corp. [NASDAQ: CIDM] surged by $0.01 during the normal trading session on Monday and reaching a high of $1.4286 during the day while it closed the day at $1.36. The company report on July 15, 2021 that Cinedigm Announces Approximately $3.5 Million in Debt Reduction with Final Payoff of Non-Recourse Loan from Prospect Capital Corporation.
Company Now Has Completely Eliminated All Debt Balances.
Cinedigm (NASDAQ:CIDM), the leading independent streaming company super-serving enthusiast fan bases, announced that the Company has paid off the remainder of its Prospect Digital Cinema loan in the amount of approximately $3.5 Million, effective July 9, 2021. Revenue from the sale of certain digital cinema equipment enabled the debt reduction and balance sheet improvement.
Cinedigm Corp. stock has also gained 12.40% of its value over the past 7 days. However, CIDM stock has inclined by 7.94% in the 3 months of the year. Over the past six months meanwhile, it has gained 64.65% and gained 110.92% year-on date.
The market cap for CIDM stock reached $249.14 million, with 136.87 million shares outstanding and 128.27 million shares in the current float. Compared to the average trading volume of 24.27M shares, CIDM reached a trading volume of 20417793 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 0.13, with the Price to Sales ratio for CIDM stock in the period of the last 12 months amounting to 8.06. The Price to Book ratio for the last quarter was 22.67, with the Price to Cash per share for the same quarter was set at 0.14.
CIDM stock trade performance evaluation
Cinedigm Corp. [CIDM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.40. With this latest performance, CIDM shares dropped by -5.56% in over the last four-week period, additionally plugging by 64.65% over the last 6 months – not to mention a drop of -26.09% 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 51.70, with the RSI for the last a single of trading hit 54.12, and the three-weeks RSI is set at 50.59 for Cinedigm Corp. [CIDM]. The present Moving Average for the last 50 days of trading for this stock 1.3719, while it was recorded at 1.2880 for the last single week of trading, and 1.1310 for the last 200 days.
Cinedigm Corp. [CIDM]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for Cinedigm Corp. [CIDM] stock
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%.
Cinedigm Corp. [CIDM]: Insider Ownership positions
There are presently around $16 million, or 9.40% of CIDM stock, in the hands of institutional investors. The top three institutional holders of CIDM stocks are: VANGUARD GROUP INC with ownership of 4,732,948, which is approximately 243.616% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 2,061,124 shares of the stock with an approximate value of $2.8 million in CIDM stocks shares; and KORE PRIVATE WEALTH LLC, currently with $2.02 million in CIDM stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Cinedigm Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 30 institutional holders increased their position in Cinedigm Corp. [NASDAQ:CIDM] by around 6,804,630 shares. Additionally, 8 investors decreased positions by around 2,206,201 shares, while 8 investors held positions by with 2,482,104 shares. The mentioned changes placed institutional holdings at 11,492,935 shares, according to the latest SEC report filing. CIDM stock had 19 new institutional investments in for a total of 960,194 shares, while 6 institutional investors sold positions of 1,842,596 shares during the same period.