Cinedigm Corp. (NASDAQ:CIDM) traded with a subtraction of -$0.18 to $2.41 on Wednesday, a downside of -6.76 percent. An average of 4,788,450 shares of common stock have been traded in the last five days. There was a fall of -$0.01 in the past week. The last 20 days have seen an average of 9,462,968 shares traded, while the 50-day average volume stands at 11,320,095.
CIDM stock has increased by 30.15% in the last month. The company shares reached their 1-month lowest point of $1.94 on 09/07/21. With the stock rallying to its 52-week high on 09/27/21, shares of the company touched a low of $0.45 and a high of $2.81 in 52 weeks. In spite of this, the price is down -14.06% from the 52-week high.
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279 days have passed since Cinedigm Corp. (CIDM) last reported insider trading activity. Xu Peixin, who is Director, most recently acquired $3,865,387 shares at $0.61 per share on Dec 31. In this transaction, the insider spent $2,357,886. Director, Xu Peixin, disposed of 4,358,727 shares at a price of $0.62 on Dec 30. The insider now owns more than $2,702,411 worth of shares. Prior to that, Director Xu Peixin went on to Sale 1,831,918 shares at $0.63 each on Dec 28. An amount of $1,154,108 was transacted.
Cinedigm Corp. (CIDM) has a trailing price-to-earnings (P/E) ratio of 19.30 for the broader industry and 30.27 for the sector. This means investors are optimistic about the stock’s future prospects. The stock’s beta is 1.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.39, the price-to-book (PB) ratio at 19.92.
The quick ratio of Cinedigm Corp. for the three months ended June 29 was 0.80, and the current ratio was 0.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.15 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 55.30% against a 5-year average of 63.7%. Cinedigm Corp.’s EBITDA margin for the year ending June 29 is -20.86%, while its operating margin for the same period stands at -18.20%. Its gross profit as reported stood at $15.32 million compared to revenue of $31.42 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cinedigm Corp.’s return on assets was -45.60%, compared to -24.0% over the last five years. For the broader industry, ROE averaged 4.77 over the past year.
The analyst consensus anticipated Cinedigm Corp.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be $0.03, a 200.00% surprise. For the quarter, EBITDA amounted to $4.27 million. Shareholders own equity worth $167.93 million.
From a technical analysis perspective, let’s take a brief look at Cinedigm Corp. (CIDM) price momentum. RSI 9-day as of the close on 05 October was 50.70%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.15%.
As of today, CIDM’s price is $2.55 -0.41% or -$0.01 from its 5-day moving average. CIDM is currently trading +19.21% higher than its 20-day SMA and +105.08% higher than its 100-day SMA. However, the stock’s current price level is +61.33% above the SMA50 and +215.72% above the SMA200.
The stochastic %K and %D were 62.96% and 67.97%, respectively, and the average true range (ATR) was 0.18. With the 14-day stochastic at 45.83% and the average true range at 0.17, the RSI (14) stands at 56.78%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.07.
Alliance Global Partners reiterated its a Buy rating on Cinedigm Corp. (NASDAQ: CIDM), but raised their price target to $2, indicating a potential price decrease of -17.01% for the stock.The consensus rating for Cinedigm Corp. (CIDM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CIDM, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is CIDM’s price target for the next 12 months?
Analysts predict a range of price targets between $3.50 and $5.00, with a median target of $4.25. Taking a look at these predictions, the average price target given by analysts for Cinedigm Corp. (CIDM) stock is $4.25.