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

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

Cinedigm Price Performance

Shares of Cinedigm stock opened at $2.52 on Thursday. Cinedigm has a 1 year low of $0.27 and a 1 year high of $0.79. The business has a 50 day moving average price of $1.20 and a 200 day moving average price of $1.00. The company has a market capitalization of $471.03 million, a P/E ratio of -50.40 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.