Cinedigm Corp. [NASDAQ: CIDM] traded at a high on 01/11/22, posting a 7.41 gain after which it closed the day’ session at $1.16. The company report on January 6, 2022 that Cinedigm Agrees to Acquire Streaming and Entertainment Company Digital Media Rights Adding 10 New Channels and 7,500 Titles.
Deal scales up Cinedigm with more than 30 streaming services, 46,000 hours of content, 40 million monthly viewers, 18.5 million social subscribers, and 4+ billion views.
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Cinedigm enters Ad Network Business via DMR’s Ad Network & Marketplace which garners more than 100 million connected TV impressions a month.
The results of the trading session contributed to over 3606588 shares changing hands. Over the past one week, the price volatility of Cinedigm Corp. stands at 8.29% while the volatility over the past one month is 7.36%.
The market cap for CIDM stock reached $206.53 million, with 168.28 million shares outstanding and 151.64 million shares in the current float. Compared to the average trading volume of 5.07M shares, CIDM reached a trading volume of 3606588 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $4.25 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 2.00. 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.
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 0.09, with the Price to Sales ratio for CIDM stock in the period of the last 12 months amounting to 4.77. The Price to Book ratio for the last quarter was 7.73, with the Price to Cash per share for the same quarter was set at 0.07. Price to Free Cash Flow for CIDM in the course of the last twelve months was 98.35 with Quick ratio for the last quarter at 0.80.
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 -6.45. With this latest performance, CIDM shares dropped by -12.78% in over the last four-week period, additionally plugging by 7.41% over the last 6 months – not to mention a rise of 33.33% 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 39.07, with the RSI for the last a single of trading hit 42.93, and the three-weeks RSI is set at 37.93 for Cinedigm Corp. [CIDM]. The present Moving Average for the last 50 days of trading for this stock 1.5550, while it was recorded at 1.1320 for the last single week of trading, and 1.6659 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 -42.88 and a Gross Margin at +26.73. Cinedigm Corp.’s Net Margin is presently recorded at -199.94.
Return on Total Capital for CIDM is now -46.02, given the latest momentum, and Return on Invested Capital for the company is -6,031.69. When it comes to the capital structure of this company, Cinedigm Corp. [CIDM] has a Total Debt to Total Equity ratio set at 69.55. Additionally, CIDM Total Debt to Total Capital is recorded at 41.02, with Total Debt to Total Assets ending up at 15.90. Long-Term Debt to Equity for the company is recorded at 15.82, with the Long-Term Debt to Total Capital now at 7.40.
Reflecting on the efficiency of the workforce at the company, Cinedigm Corp. [CIDM] managed to generate an average of -$872,500 per employee. Receivables Turnover for the company is 1.02 with a Total Asset Turnover recorded at a value of 0.34.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 analysis for Cinedigm Corp. [CIDM]
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 $30 million, or 17.40% of CIDM stock, in the hands of institutional investors. The top three institutional holders of CIDM stocks are: MILLENNIUM MANAGEMENT LLC with ownership of 5,991,421, which is approximately 41.214% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 5,912,118 shares of the stock with an approximate value of $6.86 million in CIDM stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $5.05 million in CIDM stock with ownership of nearly New of the company’s market capitalization.
Positions in Cinedigm Corp. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 29 institutional holders increased their position in Cinedigm Corp. [NASDAQ:CIDM] by around 10,580,060 shares. Additionally, 12 investors decreased positions by around 1,272,796 shares, while 11 investors held positions by with 14,376,431 shares. The mentioned changes placed institutional holdings at 26,229,287 shares, according to the latest SEC report filing. CIDM stock had 13 new institutional investments in for a total of 7,056,631 shares, while 5 institutional investors sold positions of 793,858 shares during the same period.