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NASDAQ:CIDMCinedigm Stock Price, Forecast & News

$3.63
+2.32 (+177.10 %)
(As of 06/4/2020 04:00 PM ET)
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Today's Range
$3.15
Now: $3.63
$6.00
50-Day Range
$0.40
MA: $0.65
$1.31
52-Week Range
$0.25
Now: $3.63
$6.00
Volume222.46 million shs
Average Volume9.91 million shs
Market Capitalization$146.25 million
P/E RatioN/A
Dividend YieldN/A
Beta1.88
Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States. The company operates through four segments: The First Digital Cinema Deployment, The Second Digital Cinema Deployment, Digital Cinema Services, and Media Content and Entertainment Group. It manages a library of distribution rights to various titles and episodes released across digital, physical, and home and mobile entertainment platforms, as well as services digital cinema assets on approximately 12,000 domestic and foreign movie screens. The company distributes its products for various brands, such as Hallmark, Televisa, ZDF, Shout! Factory, NFL, NHL, and Scholastic, 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 iTunes, Amazon Prime, Netflix, Hulu, Xbox, PlayStation, and cable video-on-demand; and distributes DVD and Blu-ray discs to wholesalers and retailers with sales coverage to approximately 60,000 brick and mortar storefronts, including Walmart, Target, Best Buy, and Amazon. In addition, the company operates various branded and curated over-the-top entertainment channels, including Docurama, CONtv, and Dove Channel. Cinedigm Corp. has a strategic alliance with Starrise Media Holdings Limited to release films in China theatrically and to digital platforms, as well as to evaluate opportunities to jointly produce Chinese/American film co-productions. The company was formerly known as Cinedigm Digital Cinema Corp. and changed its name to Cinedigm Corp. in September 2013. Cinedigm Corp. was founded in 2000 and is based in New York, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.96 out of 5 stars


Industry, Sector and Symbol

Industry Video tape rental
Sub-IndustryN/A
Current SymbolNASDAQ:CIDM
CUSIPN/A
Phone212-206-8600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$53.53 million
Book Value($1.12) per share

Profitability

Net Income$-16,230,000.00

Miscellaneous

Employees104
Market Cap$146.25 million
Next Earnings Date7/21/2020 (Estimated)
OptionableNot Optionable

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Cinedigm (NASDAQ:CIDM) Frequently Asked Questions

How has Cinedigm's stock been impacted by COVID-19 (Coronavirus)?

Cinedigm's stock was trading at $0.3848 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CIDM stock has increased by 843.3% and is now trading at $3.63. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cinedigm?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cinedigm in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cinedigm.

When is Cinedigm's next earnings date?

Cinedigm is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Cinedigm.

How were Cinedigm's earnings last quarter?

Cinedigm Corp (NASDAQ:CIDM) issued its quarterly earnings data on Thursday, November, 14th. The business services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.05. The business services provider had revenue of $10.24 million for the quarter. View Cinedigm's earnings history.

When did Cinedigm's stock split? How did Cinedigm's stock split work?

Cinedigm shares reverse split before market open on Tuesday, May 10th 2016. The 1-10 reverse split was announced on Monday, May 9th 2016. The number of shares owned by shareholders was adjusted after the market closes on Monday, May 9th 2016. An investor that had 100 shares of Cinedigm stock prior to the reverse split would have 10 shares after the split.

What price target have analysts set for CIDM?

1 Wall Street analysts have issued 12 month target prices for Cinedigm's shares. Their forecasts range from $3.00 to $3.00. On average, they expect Cinedigm's stock price to reach $3.00 in the next twelve months. This suggests that the stock has a possible downside of 17.4%. View analysts' price targets for Cinedigm.

Has Cinedigm been receiving favorable news coverage?

Media coverage about CIDM stock has been trending negative on Friday, according to InfoTrie. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cinedigm earned a news sentiment score of -2.7 on InfoTrie's scale. They also gave press coverage about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutCinedigm.

Who are some of Cinedigm's key competitors?

What other stocks do shareholders of Cinedigm own?

Who are Cinedigm's key executives?

Cinedigm's management team includes the following people:
  • Mr. Christopher J. McGurk, Chairman & CEO (Age 62)
  • Mr. Jeffrey S. Edell C.P.A., Chief Financial Officer (Age 61)
  • Mr. Gary S. Loffredo, COO, Pres of Digital Cinema, Gen. Counsel & Sec. (Age 54)
  • Mr. Ronald L. Chez, Strategic Advisor (Age 79)
  • Mellonie Suen, Exec. Director of Accounting & Royalties

What is Cinedigm's stock symbol?

Cinedigm trades on the NASDAQ under the ticker symbol "CIDM."

Who are Cinedigm's major shareholders?

Cinedigm's stock is owned by a variety of retail and institutional investors. Top institutional investors include Zazove Associates LLC (0.72%) and Sigma Planning Corp (0.42%). View institutional ownership trends for Cinedigm.

Which institutional investors are selling Cinedigm stock?

CIDM stock was sold by a variety of institutional investors in the last quarter, including Zazove Associates LLC. View insider buying and selling activity for Cinedigm.

Which institutional investors are buying Cinedigm stock?

CIDM stock was acquired by a variety of institutional investors in the last quarter, including Sigma Planning Corp. View insider buying and selling activity for Cinedigm.

How do I buy shares of Cinedigm?

Shares of CIDM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cinedigm's stock price today?

One share of CIDM stock can currently be purchased for approximately $3.63.

How big of a company is Cinedigm?

Cinedigm has a market capitalization of $146.25 million and generates $53.53 million in revenue each year. Cinedigm employs 104 workers across the globe.

What is Cinedigm's official website?

The official website for Cinedigm is www.cinedigm.com.

How can I contact Cinedigm?

Cinedigm's mailing address is 45 WEST 36TH STREET 7TH FLOOR, NEW YORK NY, 10018. The business services provider can be reached via phone at 212-206-8600 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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