Cineverse Corp. (NASDAQ:CNVS – Get Free Report) shares rose 3.8% during trading on Friday . The company traded as high as $1.10 and last traded at $1.10. Approximately 100,380 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 268,733 shares. The stock had previously closed at $1.06.
Analysts Set New Price Targets
Separately, Benchmark reiterated a “speculative buy” rating and set a $9.00 target price on shares of Cineverse in a research report on Tuesday, July 2nd.
Read Our Latest Stock Report on CNVS
Cineverse Price Performance
Cineverse (NASDAQ:CNVS – Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). The business had revenue of $9.13 million for the quarter. Cineverse had a negative return on equity of 19.19% and a negative net margin of 46.23%.
Cineverse Company Profile
Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.
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