Cineverse Corp (NASDAQ: CNVS) is 458.14% higher on its value in year-to-date trading and has touched a low of $0.71 and a high of $4.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNVS stock was last observed hovering at around $4.18 in the last trading session, with the day’s gains setting it 74.06%.
Currently trading at $78.24K, the stock is 23.63% and 40.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.33 million and changing 3333864% at the moment leaves the stock 54.73% off its SMA200. CNVS registered 31.51% gain for a year compared to 6-month loss of 25.65%. The firm has a 50-day simple moving average (SMA 50) of $3.411 and a 200-day simple moving average (SMA200) of $3.10235.
The stock witnessed a 34.45% gain in the last 1 month and extending the period to 3 months gives it a 43.71%, and is 23.39% up 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 8.36% over the week and 5.60% over the month.
Cineverse Corp (CNVS) has around 179 employees, a market worth around $76.70M and $78.18M in sales. Current P/E ratio is 32.56. Profit margin for the company is 4.15%. Distance from 52-week low is 571.33% and -1.84% from its 52-week high. The company has generated returns on investments over the last 12 months (8.32%).
The EPS is expected to shrink by -18.75% this year.
Cineverse Corp (CNVS) Top Institutional Holders
32.0 institutions hold shares in Cineverse Corp (CNVS), with institutional investors hold 18.32% of the company’s shares. The shares outstanding are 15.98M, and float is at 13.37M with Short Float at 1.82%. Institutions hold 14.92% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.43 million shares valued at $0.38 million. The investor’s holdings represent 2.7072% of the CNVS Shares outstanding. As of 2024-06-30, the second largest holder is CI PRIVATE WEALTH, LLC with 0.38 million shares valued at $0.33 million to account for 2.3962 of the shares outstanding. The other top investors are CORSAIR CAPITAL MANAGEMENT, L.P. which holds 0.33 million shares representing 2.1058% and valued at over $0.29 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.6674 of the shares totaling 0.1 million with a market value of $93284.0.
Cineverse Corp (CNVS) Insider Activity
The most recent transaction is an insider sale by Halford Mary Ann, the company’s Director. SEC filings show that Halford Mary Ann sold 20,000 shares of the company’s common stock on Feb 24 ’25 at a price of $3.96 per share for a total of $79200.0. Following the sale, the insider now owns 0.25 million shares.
