Cinedigm (NASDAQ:CIDM) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Cinedigm (NASDAQ:CIDM) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

Cinedigm Trading Down 3.0 %

CIDM stock opened at $0.82 on Tuesday. Cinedigm has a 12-month low of $0.27 and a 12-month high of $0.79. The business’s 50-day moving average is $1.28 and its 200 day moving average is $1.28. The stock has a market cap of $154.04 million, a price-to-earnings ratio of -16.48 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.