Cinedigm (NASDAQ:CIDM) Reaches New 12-Month High – What’s Next?

Cinedigm Corp (NASDAQ:CIDM)’s stock price reached a new 52-week high on Monday . The stock traded as high as $3.14 and last traded at $3.11, with a volume of 633962 shares traded. The stock had previously closed at $2.73.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Cinedigm in a research report on Friday, November 8th. They set a “hold” rating on the stock.

Cinedigm Trading Up 2.3 %

The company has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $1.08. The company has a market cap of $594.39 million, a PE ratio of -63.60 and a beta of 2.05.

About Cinedigm

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.