StockNews.com Initiates Coverage on Cinedigm (NASDAQ:CIDM)

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

Cinedigm Stock Performance

CIDM stock opened at $0.78 on Thursday. The firm has a market cap of $145.20 million, a PE ratio of -15.54 and a beta of 2.05. The stock has a 50-day moving average price of $0.82 and a 200-day moving average price of $1.01. Cinedigm has a 1-year low of $0.27 and a 1-year high of $0.79.

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.