In yesterday’s Wall Street session, Cinedigm Corp. (NASDAQ:CIDM) shares traded at $0.53, up 6.16% from the previous session.
2 analysts cover Cinedigm Corp. (NASDAQ:CIDM), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $3.00, we find $4.00. Given the previous closing price of $0.50, this indicates a potential upside of 700.0 percent. CIDM stock price is now 12.40% away from the 50-day moving average and -4.78% away from the 200-day moving average. The market capitalization of the company currently stands at $89.60M.
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The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $4.00 as their price target over the next twelve months.
With the price target enhanced from $2 to $3, Alliance Global Partners maintained Buy rating for Cinedigm Corp. (NASDAQ: CIDM). On July 07, 2020, The Benchmark Company recently initiated its ‘Speculative Buy’ rating on the stock quoting a target price of $3.50, while ‘Macquarie’ rates the stock as ‘Outperform’.
In other news, Canning John K., CFO sold 77,976 shares of the company’s stock on Aug 22. The stock was sold for $44,560 at an average price of $0.57. Upon completion of the transaction, the CFO now directly owns 0 shares in the company, valued at $0.0. Insiders disposed of 493,714 shares of company stock worth roughly $0.26 million over the past 1 year. A total of 2.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CIDM stock. A new stake in Cinedigm Corp. shares was purchased by GSA CAPITAL PARTNERS LLP during the first quarter worth $189,000. CITADEL ADVISORS LLC invested $39,000 in shares of CIDM during the first quarter. In the first quarter, PASADENA PRIVATE WEALTH, LLC acquired a new stake in Cinedigm Corp. valued at approximately $10,000. In total, there are 51 active investors with 8.10% ownership of the company’s stock.
On Friday morning Cinedigm Corp. (NASDAQ: CIDM) stock kicked off with the opening price of $0.5207. During the past 12 months, Cinedigm Corp. has had a low of $0.37 and a high of $1.22. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for CIDM is $0.4748 and a two-hundred day moving average price translates $0.5593 for the stock.
The latest earnings results from Cinedigm Corp. (NASDAQ: CIDM) was released for Jun, 2022. According to the Entertainment Company, earnings per share came in at -$0.03, inline with analysts’ expectations of -$0.03. This compares to $0.00 EPS in the same period last year. The net profit margin was -25.50% and return on equity was -42.30% for CIDM. The company reported revenue of $14.01 million for the quarter, compared to $10.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.63 percent. For the current quarter, analysts expect CIDM to generate $12.75M in revenue.
Cinedigm Corp.(CIDM) Company Profile
Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content in the United States. The company operates through two segments, Cinema Equipment Business and Content and Entertainment Business. The company distributes its products for various brands, such as Hallmark, Televisa, ITV, Nelvana, ZDF, Konami, NFL, and NHL, as well as international and domestic content creators, movie producers, television producers, and other short form digital content producers. It also collaborates with producers, various brands, and other content owners to market, source, curate, and distribute content to targeted audiences through existing and emerging digital home entertainment platforms, including Apple, Amazon Prime, Netflix, Hulu, Xbox, Tubi, PlutoTV, Vudu, and cable/satellite video-on-demand; and distributes DVD and Blu-ray discs to wholesalers and retailers with sales coverage to approximately 48,000 retail storefronts, including Walmart, Target, Best Buy, and Amazon. In addition, the company operates various branded and curated over-the-top (OTT) entertainment channels and applications, including Docurama, CONtv, Dove Channel, Viewster Anime, Fandor, and Screambox; and Matchpoint, a software-as-a-service platform to automate the distribution of streaming content and OTT channels. Further, it provides monitoring, billing, collection, and verification support services to music and movie screens as well as directly to exhibitors and other third-party customers. The company was formerly known as Cinedigm Digital Cinema Corp. and changed its name to Cinedigm Corp. in September 2013. Cinedigm Corp. was incorporated in 2000 and is headquartered in New York, New York.
