Cinedigm Corp. (NASDAQ:CIDM) concluded the trading at $1.32 on Friday, Jan 22, with a rise of 0.76% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $1.31 and 5Y monthly beta was reading 1.92 with its price kept floating in the range of $1.3000 and $1.4500 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that CIDM hit a high price of $6 and saw its price falling to a low level of $0.25 during that period. Over a period of past 1-month, stock came adding 70.91% in its value.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $10.57 Million. They suggested that in the process company could generate revenue of as low as $10.57 Million which could climb up to $10.57 Million to hit a high. The average estimate is representing an increase of -8.2% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $34.57 Million in 2021, which will be -12% less from revenue generated by the company last year.
In contrast, when we review CIDM stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 50% Buy for it.
According to ratings assigned by 2 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; none of them are recommending Cinedigm Corp. (CIDM) as a Hold, while 2 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Buy and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the CIDM stock which is currently positioned at 0. It further provides that stock’s current price level is 65.68% away from its 20-day simple moving average and is 85.02% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 81.18 while volatility remained at 25.54% over the past week which changes to 14.95% when measuring it over the past month. Beta is valued at 1.92, while measure of average true range or ATR is currently at 0.14. In predicting price targets of as low as $3 and as high as $3.5, analysts are in agreement on assigning the stock over the next 12 months average price target of $3.25. Stock’s current price level is 127.27% above from estimated low price target while it is 165.15% below the estimated high; and even if the CIDM’s share succeeded to reach the median price of $3.25, then the outlook of +146.21% could come to the excitement of the investors.
In comparing Cinedigm Corp. (CIDM)’s stock with other industry players reveals that stock’s latest price change of +0.76% and that of +99.15% over the past 12 months is in better position with that of Sps Commerce Inc (SPSC) which saw its stock price fell by -1.51% in the recent trading and went through an increase of 86.97% in past 12-month trading. Industry’s another major player Wns Ltd (WNS) has jumped 0.13% up in latest trading session, but over the past year has faced afall of -0.87%, while Api Group Corp (APG) was also up 0.76% however its price remained floating in the green at 99.15% over the same period. Cinedigm Corp. has a P/E ratio of 0 against that of Sps Commerce Inc’s 95.7 while Wns Ltd is showing 35.22 for the same. On the other hand, the S&P 500 Index is down -0.14% in the early deals today while the Dow Jones Industrial was dealinglower at -0.3%.
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Having a second look at Cinedigm Corp. (NASDAQ:CIDM) provides that stock’s average daily trading volume for 3 months was 15.39 Million, while it jumped to 39.78 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 133.06 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 43.81% while it is 18.17% for the institutional holders. The figures also indicate that as of December 30, 2020, number of stock’s short shares was 2940000 which implies a short ratio of 0.14. This shows up a 2.21% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short declined as it was 432.57 Million in the previous month. Addition of +103.16% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
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