Alliance Global Partners raised the price target for the Cinedigm Corp. (NASDAQ:CIDM) stock to “a Buy”. The rating was released on January 21, 2021. We previously noted in another research note published on July 07, 2020 by The Benchmark Company that initiated the stock to a Speculative buy for CIDM stock. The research report from Macquarie has upgraded the stock from Neutral to Outperform. The stock was reiterated by B. Riley & Co., who disclosed in a research note on June 27, 2014, to Buy and set the price objective to $3.25. In their research brief published November 04, 2013, B. Riley & Co. analysts reiterated the Cinedigm Corp. stock to Buy with a price target of $3.
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Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.07 during the last quarter as opposed to a consensus estimate of -$0.03, which indicates the company missed its estimate by -$0.04, which implies that the company surprised the market by -133.30%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is -$0.07. This is an average of 2 analysts’ earnings, where the high earnings per share estimate is -$0.07 and the low earnings per share estimate is -$0.08. According to 1 analyst estimates, an average revenue estimate of $7.56M is projected for the current quarter with a high revenue estimate of $7.56M and a low estimate of $7.56M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Cinedigm Corp. (NASDAQ:CIDM) raised 7.28% to close Wednesday’s market session at $1.62, higher as compared to yesterday’s close. The stock price fluctuated between $1.61 and $2.21 throughout the trading session with the volume trading being 145118813 shares, which represented a significant variation when compared to the three months average volume of 18.99 million shares. The firm’s stock price fluctuated 22.73% within the last five trades and 3.18% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 161.29% in the last 6 months and 118.62% was added to its value over the previous 3 months. CIDM stock is trading at a margin of 23.76%, 13.29% and 39.94% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CIDM deals in the Communication Services domain. The stock is trading -73.00 percent below its 52-week high and 515.97 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 30.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Cinedigm Corp.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -35.50 percent and the company has reported a gross margin of 51.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $252.96 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The stock has achieved an effective Price-to-Sales Ratio of 8.19 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 27.00, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.90 percent of Cinedigm Corp. shares are owned by insiders, and 6.70 percent are held by financial institutions. Xu Peixin, the Director at Cinedigm Corp. (CIDM) has sold 3,865,387 shares of firm on Dec 31 at a price of $0.61 against the total amount of $2.36 million. In another inside trade, Xu Peixin, Director of Cinedigm Corp. (NASDAQ:CIDM) sold 4,358,727 shares of the firm on Dec 30 for a total worth of $2.7 million at a price of $0.62. An inside trade which took place on Dec 28, Director of Cinedigm Corp. Xu Peixin sold 1,831,918 shares of firm against total price of $1.15 million at the cost of $0.63 per share.