An Evaluation Of Cinedigm Corp. (NASDAQ: CIDM) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Cinedigm Corp. (CIDM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.0385, or +8.53%, to $0.49. Volume reached 10,219 shares, with price reaching a high of $0.4998 and a low of $0.4798. Earlier, Yahoo Finance discussed this stock as it revealed Cinedigm to Hold Annual Stockholder Meeting on November 10, 2022.

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Stocks Info

CIDM belongs to the Communication Services sector of the NASDAQ while operating in the Entertainment industry. At the end of the last regular session, the stock closed at $0.49 and fluctuated between $0.5000 as its day high and $0.4516 as its day low. The current market capitalization of Cinedigm Corp. is $87.72M. A total of 1.15 million shares were traded on the day, compared to an average of 1.29M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CIDM has seen 8 BUY and 5 SELL insider trades, representing the acquisition of 1,727,894 and the disposition of 493,714 shares. Over the last 12 months, there were 11 BUYs and 5 SELLs from insiders. Insiders purchased 1,838,939 shares during that period but sold 493,714.

In the most recent transaction, Canning John K. sold 77,976 shares of CIDM for 0.57 per share on Aug 22. After the transaction, the CFO now owns 0 company shares.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CIDM in the last 3 months, the mean price target is $4.00 with high estimates of $5.00 and low estimates of $3.00. In terms of 52-week highs and lows, CIDM has a high of $2.95 and a low of $0.45.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CIDM is Buy with a score of 0.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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