During the last session, Cinedigm Corp. (NASDAQ:CIDM)’s traded shares were 10,447,095, with the beta value of the company hitting 1.9. At the end of the trading day, the stock’s price was $1.36, reflecting an intraday loss of -4.9% or -$0.07. The 52-week high for the CIDM share is $6, that puts it down -341.18% from that peak though still a striking +76.47% gain since the share price plummeted to a 52-week low of $0.32. The company’s market capitalization is $225.7 Million, and the average intraday trading volume over the past 10 days was 28.41 Million shares, and the average trade volume was 26.29 Million shares over the past three months.
Cinedigm Corp. (CIDM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2. CIDM has a Sell rating from none of the analyst(s) out of 2 analysts who have looked at this stock. Neither of the analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 2 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.07.
Cinedigm Corp. (NASDAQ:CIDM): Trading Information
Cinedigm Corp. (CIDM) registered a -4.9% downside in the last session and has traded in the red over the past 5 sessions. The stock spiked 24.72% in intraday trading to $1.806 this Wednesday, Mar 31, hitting a weekly high. The stock’s 5-day price performance is -26.88%, and it has moved by 24.77% in 30 days. Based on these gigs, the overall price performance for the year is 110.92%. The short interest in Cinedigm Corp. (NASDAQ:CIDM) is 3Million shares and it means that shorts have 0.11 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.25, which implies an increase of 138.97% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $3.5 respectively. As a result, CIDM is trading at a discount of 157.35% off the target high and 120.59% off the low.
Cinedigm Corp. (CIDM) projections and forecasts
Statistics show that Cinedigm Corp. has underperformed its competitors in share price, compared to the industry in which it operates. Cinedigm Corp. (CIDM) shares have gone up +137.97% during the last six months. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 12.5% this quarter and then jump 71.4% in the quarter after that. In the rating firms’ projections, revenue will decline -22.1% compared to the previous financial year.
Revenue for the current quarter is expected to be $7.56 Million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $8.07 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $7.74 Million and $6.02 Million respectively. In this case, analysts expect current quarter sales to lessen by -2.3% and then jump by 34.1% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 37.9%. While earnings are projected to return 21.6% in 2021, the next five years will return 10% per annum.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Cinedigm Corp. (NASDAQ:CIDM)’s Biggest Investors
Cinedigm Corp. insiders own 14.09% of total outstanding shares while institutional holders control 6.65%, with the float percentage being 7.74%. Kore Private Wealth LLC is the largest shareholder of the company, while 31 institutions own stock in it. As of Dec 30, 2020, the company held over 1.48 Million shares (or 0.89% of all shares), a total value of $956.93 Thousand in shares.
The next largest institutional holding, with 1.38 Million shares, is of Vanguard Group, Inc. (The)’s that is approximately 0.83% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $888.14 Thousand.
Also, the Mutual Funds coming in first place with the largest holdings of Cinedigm Corp. (CIDM) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 786,863 shares. This amounts to just over 0.47 percent of the company’s overall shares, with a $507.37 Thousand market value. The same data shows that the other fund manager holds slightly less at 565Thousand, or about 0.34% of the stock, which is worth about $364.31 Thousand.