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

StockNews.com initiated coverage on shares of Cinedigm (NASDAQ:CIDM) in a report released on Sunday morning. The brokerage issued a hold rating on the stock.

Cinedigm Stock Performance

Shares of Cinedigm stock opened at $1.00 on Friday. Cinedigm has a 52 week low of $0.27 and a 52 week high of $0.79. The stock has a market capitalization of $186.92 million, a price-to-earnings ratio of -20.00 and a beta of 2.05. The firm has a fifty day moving average of $0.83 and a two-hundred day moving average of $0.95.

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.