Cinedigm Corp. (NASDAQ:CIDM) traded at $0.82 at last check on Tuesday, Sep 15, making a downturn move of -9.21% on its previous day’s price.
Looking at the stock we see that its previous close was $0.9 and the beta (5Y monthly) reads 1.64 with the day’s price range being $0.8151 – 0.8775. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, CIDM has a high of $6 and a low of $0.25. The company’s stock has gained about -44.85% over that past 30 days.
On the other hand, looking at the outlook for the CIDM stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Cinedigm Corp. (CIDM) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CIDM stock currently stands at 0, and the current price level is -7.58% off its SMA20 and -39.78% from its 50-day simple moving average. The RSI (14) is pointing at 37.17 while the volatility over the past week is 24.74% and drops to 15.16% over the past one month. The beta value is 1.64, while the average true range (ATR) is currently pointing at 0.14. The average price target for the stock over the next 12 months is $3.5, with the estimates having a low of $3.5 and a high of $3.5. These price ends are 326.83% and +326.83% off the current price level respectively, although investors could be excited at the prospect of a +326.83% if the CIDM share price touches on the median price of $3.5.
Let’s briefly compare Cinedigm (CIDM) stock to its peers. We find that today’s price change of -9.21% and -4.8% over the past 12 months for CIDM competes that of Wns Ltd (WNS), which has seen its stock price rise 4.25% in the latest trading session and is +8.34% over the last one year. Another of its peers Sps Commerce Inc (SPSC) has climbed 0.83% today, and is +56.88% up over the past year, while Brookfield Business Partners LP (BBU) is also down -9.21% yet its price remains in the red at -4.8% over the same period. Wns has a P/E ratio of 32.44 compared to Cinedigm’s 0 and Sps 69.97. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.88% and 0.45%, respectively, in early deals.
Coming back to Cinedigm Corp. (NASDAQ:CIDM), we note that the average 3-month trading volume was 3.7 Million, while that of the preceding 10-day period stands at 22.17 Million. Current shares outstanding are 111.9 Million.
According to data from Thomson Reuters, insiders hold 51.23% of the company’s shares while institutions hold 2.81%. The data shows that short shares as of August 30, 2020, stood at 346.95 Million at a short ratio of 0.2. This represents a 0.31% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 507.09 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +29.2% up in year-to-date price movement.