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

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

Cinedigm Stock Performance

Cinedigm stock opened at $0.85 on Tuesday. Cinedigm has a one year low of $0.27 and a one year high of $0.79. The company has a 50-day simple moving average of $0.83 and a 200-day simple moving average of $1.07. The firm has a market capitalization of $158.86 million, a P/E ratio of -17.00 and a beta of 2.05.

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.