Cinedigm (NASDAQ:CIDM) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Cinedigm Stock Performance

Shares of CIDM stock opened at $0.85 on Wednesday. The firm has a market capitalization of $158.69 million, a price-to-earnings ratio of -16.98 and a beta of 2.05. The stock’s 50-day simple moving average is $1.19 and its 200-day simple moving average is $1.26. Cinedigm has a fifty-two week low of $0.27 and a fifty-two week high of $0.79.

Cinedigm Company Profile

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.