During the last session, Cineverse Corp (NASDAQ:CNVS)’s traded shares were 0.33 million, with the beta value of the company hitting 1.60. At the end of the trading day, the stock’s price was $3.92, reflecting an intraday gain of 5.66% or $0.21. The 52-week high for the CNVS share is $4.17, that puts it down -6.38 from that peak though still a striking 81.89% gain since the share price plummeted to a 52-week low of $0.71. The company’s market capitalization is $62.22M, and the average intraday trading volume over the past 10 days was 0.78 million shares, and the average trade volume was 304.42K shares over the past three months.
Cineverse Corp (CNVS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. CNVS has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
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Cineverse Corp (NASDAQ:CNVS) trade information
Cineverse Corp (CNVS) registered a 5.66% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.66% in intraday trading to $3.92, hitting a weekly high. The stock’s 5-day price performance is 22.50%, and it has moved by 69.70% in 30 days. Based on these gigs, the overall price performance for the year is 286.21%. The short interest in Cineverse Corp (NASDAQ:CNVS) is 0.34 million shares and it means that shorts have 0.99 day(s) to cover.
Cineverse Corp (CNVS) estimates and forecasts
In the rating firms’ projections, revenue will increase 48.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 35.38M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 15.49M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 13.28M and 9.86M respectively. In this case, analysts expect current quarter sales to grow by 166.48% and then jump by 57.01% 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 27.31%. While earnings are projected to return 102.81% in 2024, the next five years will return 10.00% per annum.
CNVS Dividends
Cineverse Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cineverse Corp (NASDAQ:CNVS)’s Major holders
Cineverse Corp insiders own 18.23% of total outstanding shares while institutional holders control 14.40%, with the float percentage being 17.61%.
Also, the Mutual Funds coming in first place with the largest holdings of Cineverse Corp (CNVS) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 328.18 shares. This amounts to just over 2.07 percent of the company’s overall shares, with a $1.29 million market value. The same data shows that the other fund manager holds slightly less at 94.4, or about 0.59% of the stock, which is worth about $0.37 million.
