Cinedigm Corp. (NASDAQ: CIDM) is -57.94% lower on its value in year-to-date trading and has touched a low of $0.45 and a high of $2.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CIDM stock was last observed hovering at around $0.45 in the last trading session, with the day’s gains setting it 0.04% off its average median price target of $4.00 for the next 12 months. It is also 90.2% off the consensus price target high of $5.00 offered by 2 analysts, but current levels are 83.67% higher than the price target low of $3.00 for the same period.
Currently trading at $0.49, the stock is -9.07% and -15.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 8.06% at the moment leaves the stock -35.61% off its SMA200. CIDM registered -78.79% loss for a year compared to 6-month loss of -31.27%. The firm has a 50-day simple moving average (SMA 50) of $1.49 and a 200-day simple moving average (SMA200) of -$15.58.
The stock witnessed a -15.32% gain in the last 1 month and extending the period to 3 months gives it a -12.64%, and is -9.31% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.57% over the week and 7.30% over the month.
Cinedigm Corp. (CIDM) has around 134 employees, a market worth around $87.72M and $54.60M in sales. Profit margin for the company is -17.20%. Distance from 52-week low is 8.42% and -83.46% from its 52-week high. The company has generated returns on investments over the last 12 months (5.30%).
Cinedigm Corp. (CIDM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cinedigm Corp. (CIDM) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Cinedigm Corp. is expected to release its quarterly report on 11/14/2022.The EPS is expected to grow by 102.10% this year
Cinedigm Corp. (CIDM) Top Institutional Holders
The shares outstanding are 175.42M, and float is at 154.20M with Short Float at 3.03%.
Cinedigm Corp. (CIDM) Insider Activity
A total of 13 insider transactions have happened at Cinedigm Corp. (CIDM) in the last six months, with sales accounting for 5 and purchases happening 8 times. The most recent transaction is an insider sale by Canning John K., the company’s CFO. SEC filings show that Canning John K. sold 77,976 shares of the company’s common stock on Aug 22 at a price of $0.57 per share for a total of $44560.0. Following the sale, the insider now owns 0.0 shares.
Cinedigm Corp. (CIDM): Who are the competitors?
The company’s main competitors (and peers) include AMC Networks Inc. (AMCX) that is trading -51.38% down over the past 12 months.