Don’t Let Recent momentum Confuse Your Outlook on Cinedigm Corp. [CIDM]

Cinedigm Corp. [CIDM] stock is down -1.63 while the S&P 500 has fallen -0.19% on Monday, 12/07/20. While at the time of this article, CIDM ATR is sitting at 0.06, with the beta value at 1.76. This stock’s volatility for the past week remained at 11.67%, while it was 10.25% for the past 30-day period. CIDM has fallen -$0.01 from the previous closing price of $0.70 on volume of 21.65 million shares.

On 7, December 2020, Cinedigm Reduces Total Debt By $24.4 Million Or 47.4% and Annual Interest Expense by 37% or $1.6 Million compared to December 31, 2019. According to news published on Yahoo Finance, In Latest Debt Reduction Moves, Company Completes Second Lien Note Exchanges To Reduce Debt by a total of $1.6 Million.

Analyst Birdseye View:

The most recent analyst activity for Cinedigm Corp. [NASDAQ:CIDM] stock was on April 30, 2015, when it was Upgrade with an Outperform rating from Macquarie. Before that, on July 07, 2020, The Benchmark Company Recapitulated a Speculative buy rating and elevated its amount target to $3.50. On June 27, 2014, B. Riley & Co. Reiterated a Buy rating and plunged its price target on this stock from $3.50 to $3.25. On November 04, 2013, B. Riley & Co. Reiterated a Buy rating and increased its price target from $2.30 to $3.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.25 and a peak of $6.00. Right now, the middling Wall Street analyst 12-month amount mark is $2.75. At the most recent market close, shares of Cinedigm Corp. [NASDAQ:CIDM] were valued at $0.69.

FUNDAMENTAL ANALYSIS

Cinedigm Corp. [NASDAQ:CIDM] most recently reported quarterly sales of 7.18 billion, which represented growth of -29.40%. This publicly-traded organization’s revenue is $545,708 per employee, while its income is -$204,639 per employee. This company’s Gross Margin is currently 49.30%, its Operating Margin is -26.50%, its Pretax Margin is -36.68, and its Net Margin is -37.50. Continuing to look at profitability, this corporation’s Return on Assets & Whole Principal is sitting at -14.08 and -15.38 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 156.36 and the whole liability to whole assets at 45.24. It shows enduring liability to the whole principal at 2.14 and enduring liability to assets at 0.01 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 0.6591 points at 1st support level, the second support level is making up to 0.6310. But as of 1st resistance point, this stock is sitting at 0.7261 and at 0.7650 for 2nd resistance point.

Cinedigm Corp. [CIDM] reported its earnings at -$0.23 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.06/share signifying the difference of -0.17 and -283.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.21 calling estimates for -$0.08/share with the difference of -0.13 depicting the surprise of -162.50%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Cinedigm Corp. [NASDAQ:CIDM] is 0.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.11. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.41.

Insider Stories

The most recent insider trade was by Bison Entertainment Investment, 10% Owner, and it was the sale of 19.67 million shares on Sep 15.