Cinedigm (NASDAQ:CIDM) Earns Hold Rating from Analysts at StockNews.com

Posted by on Nov 3rd, 2024

StockNews.com initiated coverage on shares of Cinedigm (NASDAQ:CIDM – Free Report) in a research note published on Thursday morning. The brokerage issued a hold rating on the stock.

Cinedigm Stock Performance

CIDM stock opened at $2.65 on Thursday. The company has a 50 day moving average price of $1.26 and a two-hundred day moving average price of $1.01. The stock has a market capitalization of $495.32 million, a P/E ratio of -53.00 and a beta of 2.05. Cinedigm has a one year low of $0.27 and a one year high of $0.79.

About Cinedigm

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Cineverse Corp. is a global streaming technology and entertainment company. It owns and operates streaming channels, all powered by its advanced, proprietary technology platform. The firm currently features enthusiast brands for subscription video on demand (SVOD), advertising-based video on demand (AVOD), and free, ad-supported streaming television (FAST) channels.

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