Cineverse Corp (NASDAQ:CNVS)’s traded shares stood at 2.92 million during the last session, with the company’s beta value hitting 1.52. At the close of trading, the stock’s price was $3.20, to imply an increase of 23.08% or $0.6 in intraday trading. The CNVS share’s 52-week high remains $3.93, putting it -22.81% down since that peak but still an impressive 77.81% since price per share fell to its 52-week low of $0.71. The company has a valuation of $50.26M, with an average of 0.4 million shares in intraday trading volume over the past 10 days and average of 228.29K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Cineverse Corp (CNVS), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give CNVS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.12.
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Cineverse Corp (NASDAQ:CNVS) trade information
After registering a 23.08% upside in the last session, Cineverse Corp (CNVS) has traded red over the past five days. The 5-day price performance for the stock is 17.22%, and 67.54% over 30 days. With these gigs, the year-to-date price performance is 137.04%. Short interest in Cineverse Corp (NASDAQ:CNVS) saw shorts transact 0.34 million shares and set a 0.99 days time to cover.
Cineverse Corp (CNVS) estimates and forecasts
Revenue is forecast to grow 154.55% this quarter before jumping 110.92% for the next one. The rating firms project that company’s revenue will grow 55.73% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 36.96M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 17.72M.Earnings reports from the last fiscal year show that sales brought in 13.28M and 9.86M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 178.37% before jumping 79.67% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 27.31% for the past 5-year period. While 2024 is set for a 102.81% return in earnings, projections for the next 5 years are at 10.00% annually.
CNVS Dividends
Cineverse Corp has its next earnings report out on 2024-Nov-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Cineverse Corp (NASDAQ:CNVS)’s Major holders
Cineverse Corp insiders hold 18.43% of total outstanding shares, with institutional holders owning 14.55% of the shares at 17.84% float percentage. In total, 14.55% institutions holds shares in the company.
