Cinedigm (NASDAQ:CIDM) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Cinedigm (NASDAQ:CIDM) in a research note published on Saturday morning. The firm issued a hold rating on the stock.

Cinedigm Stock Up 1.3 %

Shares of Cinedigm stock opened at $0.81 on Friday. Cinedigm has a 12 month low of $0.27 and a 12 month high of $0.79. The stock has a market cap of $151.40 million, a PE ratio of -16.20 and a beta of 2.05. The business has a fifty day simple moving average of $0.82 and a 200-day simple moving average of $0.96.

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.