Cinedigm - CIDM Stock Forecast, Price & News

Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content in the United States. The company operates through two segments, Cinema Equipment Business and Content and Entertainment Business. The company distributes its products for various brands, such as Hallmark, Televisa, ITV, Nelvana, ZDF, Konami, NFL, and NHL, as well as international and domestic content creators, movie producers, television producers, and other short form digital content producers. It also collaborates with producers, various brands, and other content owners to market, source, curate, and distribute content to targeted audiences through existing and emerging digital home entertainment platforms, including Apple, Amazon Prime, Netflix, Hulu, Xbox, Tubi, PlutoTV, Vudu, and cable/satellite video-on-demand; and distributes DVD and Blu-ray discs to wholesalers and retailers with sales coverage to approximately 48,000 retail storefronts, including Walmart, Target, Best Buy, and Amazon. In addition, the company operates various branded and curated over-the-top (OTT) entertainment channels and applications, including Docurama, CONtv, Dove Channel, Viewster Anime, Fandor, and Screambox; and Matchpoint, a software-as-a-service platform to automate the distribution of streaming content and OTT channels. Further, it provides monitoring, billing, collection, and verification support services to music and movie screens as well as directly to exhibitors and other third-party customers. The company was formerly known as Cinedigm Digital Cinema Corp. and changed its name to Cinedigm Corp. in September 2013. Cinedigm Corp. was incorporated in 2000 and is headquartered in New York, New York.

Cinedigm Price Performance

CIDM Stock remained flat at $0.63 during trading on Thursday. 745,367 shares of the company's stock were exchanged, compared to its average volume of 2,115,205. Cinedigm has a 52-week low of $0.47 and a 52-week high of $2.95. The firm has a market capitalization of $111.84 million, a P/E ratio of -12.66 and a beta of 1.75. The company has a fifty day moving average of $0.58 and a two-hundred day moving average of $0.68.

Cinedigm (NASDAQ:CIDM - Get Rating) last issued its quarterly earnings data on Monday, June 27th. The business services provider reported ($0.01) EPS for the quarter. Cinedigm had a negative return on equity of 24.24% and a negative net margin of 17.46%. The firm had revenue of $16.85 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Cinedigm from a "hold" rating to a "sell" rating in a report on Monday.