Cineverse Corp. (NASDAQ:CNVS – Get Free Report)’s share price was down 2.9% on Tuesday . The stock traded as low as $0.78 and last traded at $0.80. Approximately 62,924 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 511,749 shares. The stock had previously closed at $0.82.
Cineverse Price Performance
The company has a market cap of $10.66 million, a price-to-earnings ratio of -0.82 and a beta of 1.38. The firm has a 50 day simple moving average of $1.27 and a 200-day simple moving average of $1.27.
Cineverse (NASDAQ:CNVS – Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $13.28 million for the quarter. Cineverse had a negative return on equity of 24.65% and a negative net margin of 18.84%.
Institutional Investors Weigh In On Cineverse
About Cineverse
Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.
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