NASDAQ:CNVS

Cineverse (CNVS) Stock Forecast, Price & News

$1.08

-0.03 (-2.70%)

(As of 09/26/2023 ET)

Compare

Today's Range: $1.08
▼
$1.20
50-Day Range: $1.00
▼
$1.68
52-Week Range: $0.97
▼
$13.00

Volume: 40,613 shs
Average Volume: 106,326 shs
Market Capitalization: $13.27 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.75

Cineverse MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 617.6% Upside
$7.75 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.63
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars

Consumer Discretionary Sector

195th out of 265 stocks

Video Tape Rental Industry

3rd out of 3 stocks

3.5

Analyst's Opinion

Consensus Rating
Cineverse has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.75, Cineverse has a forecasted upside of 617.6% from its current price of $1.08.
Amount of Analyst Coverage
Cineverse has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CNVS.

0.0

Dividend Strength

Dividend Yield
Cineverse does not currently pay a dividend.
Dividend Growth
Cineverse does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CNVS.

4.2

News and Social Media Coverage

News Sentiment
Cineverse has a news sentiment score of 1.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Cineverse this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for CNVS on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Cineverse to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cineverse insiders have not sold or bought any company stock.
Percentage Held by Insiders
16.40% of the stock of Cineverse is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 14.26% of the stock of Cineverse is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Cineverse is -1.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cineverse is -1.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Cineverse has a P/B Ratio of 0.28. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cineverse (NASDAQ:CNVS) Stock

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. It entertains consumers worldwide by providing premium feature film and television programs, enthusiast streaming channels, and technology services. The company was formerly known as Cinedigm Corp. and changed its name to Cineverse Corp. in May 2023. Cineverse Corp. was incorporated in 2000 and is based in New York, New York.

CNVS Price History

30 days | 90 days | 365 days | Advanced Chart

CNVS Stock News Headlines

September 25, 2023 | tmcnet.com

Cineverse Nominated for DEG's EnTech Awards in the Technology Innovation Category

September 21, 2023 | finance.yahoo.com

Cineverse Reaches Agreement to Integrate Whip Media's Content Partner Payments Platform for FAST, AVOD, SVOD and EST into Matchpoint Insights to Streamline Royalty Reporting

September 27, 2023 | Behind the Markets (Ad)

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September 13, 2023 | markets.businessinsider.com

Cineverse Appoints Mark Lindsey To Succeed John Canning As CFO

September 13, 2023 | marketwatch.com

Cineverse Names Mark Lindsey Chief Financial Officer >CNVS

September 13, 2023 | finance.yahoo.com

Cineverse Promotes Mark Lindsey to Chief Financial Officer

September 12, 2023 | finance.yahoo.com

Cineverse launches technology partnership "Matchpoint MGX" - an automated scheduling solution that helps FAST channel operators quickly program and schedule their FAST channels with a scalable, best-in-class unified solution

September 11, 2023 | finance.yahoo.com

Cineverse Partners with Criterion Pictures to Expand North American Non-Theatrical Distribution

September 27, 2023 | Legacy Research (Ad)

WARNING: Mandatory U.S. Dollar Recall is Weeks Away

If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.

September 7, 2023 | finance.yahoo.com

Cineverse Horror Channel SCREAMBOX TV Launches on Amazon Freevee

August 30, 2023 | finance.yahoo.com

CINEVERSE LAUNCHES THE MAVERICK BLACK CINEMA VOD CHANNEL

August 18, 2023 | finance.yahoo.com

Cineverse Launches First Responders Network as a FAST Channel

August 17, 2023 | finanznachrichten.de

Cineverse Corp.: Cineverse Reports First Quarter Fiscal Year 2024 Results

August 16, 2023 | finance.yahoo.com

Cineverse to Launch "Dog Whisperer" Channel on Heels of Securing Worldwide Rights to all 9 Seasons with Over 160 Episodes

August 14, 2023 | finance.yahoo.com

Fandor Streaming Service Now Available on Philo for 'Movies & More' Subscribers Through New Deal with Cineverse

August 14, 2023 | finance.yahoo.com

Cineverse Reports First Quarter Fiscal Year 2024 Results

August 14, 2023 | barrons.com

Cineverse Corp.

August 10, 2023 | uk.finance.yahoo.com

CNVS - Cineverse Corp.

August 10, 2023 | finance.yahoo.com

CINEVERSE AND THE PREVIEW CHANNEL™ ENTER INTO EXCLUSIVE PACT FOR AD SALES AND DISTRIBUTION

August 9, 2023 | benzinga.com

Cineverse to Release Survival Drama 'On Fire' Exclusively in Theaters September 29

August 8, 2023 | finance.yahoo.com

Cineverse to Report First Quarter Fiscal 2024 Results on Monday, August 14, 2023

August 4, 2023 | benzinga.com

Cineverse Acquires Acclaimed Body-Swap Thriller 'Devils' Following Fantasia Festival Premiere; Set for Fall Release on SCREAMBOX

July 26, 2023 | finance.yahoo.com

Cineverse Unveils MatchpointAI: A Revolutionary AI Marketplace for Video Streaming Optimization

July 22, 2023 | fool.com

Cineverse (NASDAQ: CNVS)

July 20, 2023 | baystreet.ca

Cineverse Flat on Closer Ties with VA Media

July 17, 2023 | baystreet.ca

Cineverse Gains on Bigger Role for Amagi

July 17, 2023 | finance.yahoo.com

Cineverse & Amagi Expand Partnership: Amagi CONNECT to Power FAST Channels on Cineverse

See More Headlines

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CNVS Company Calendar

Last Earnings: 8/14/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/13/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Video tape rental
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:CNVS
CUSIP: N/A
CIK: 1173204
Web: www.cinedigm.com
Phone: (212) 206-8600
Fax: 212-598-4898
Employees: 165
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.75
High Stock Price Forecast: $9.00
Low Stock Price Forecast: $6.50
Forecasted Upside/Downside: +617.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.72)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-9,730,000.00
Net Margins: -10.80%
Pretax Margin: -10.54%
Return on Equity: -20.99%
Return on Assets: -7.96%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.95
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $68.03 million
Price / Sales: 0.20
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.80 per share
Price / Book: 0.28

Miscellaneous

Outstanding Shares: 12,290,000
Free Float: 10,271,000
Market Cap: $13.27 million
Optionable: Not Optionable
Beta: 1.87

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Key Executives

Mr. Christopher J. McGurk (Age 66)
Chairman & CEO
Comp: $1.4M

Mr. Erick Opeka (Age 49)
Chief Strategy Officer, Pres of Cinedigm Networks & Pres
Comp: $710.98k

Mr. Gary S. Loffredo (Age 58)
Chief Legal Officer, Sec. & Sr. Advisor
Comp: $869.5k

Mr. John K. Canning (Age 56)
Chief Financial Officer

Mr. Mark Antonio Huidor (Age 53)
COO, Chief Technology & Product Officer

Mr. Mark Wayne Lindsey CPA (Age 56)
CGMA, CPA, Exec. VP of Fin. & Accounting

Ms. Kim Staruk
Sr. VP of Marketing

Jason Shin
VP of M&A and Corp. Devel.

Mr. Mark Torres (Age 63)
Chief People Officer

Mr. Russell J. Wintner (Age 72)
Sr. VP of Brand Partnerships

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CNVS Stock - Frequently Asked Questions

Should I buy or sell Cineverse stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cineverse in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CNVS shares.
View CNVS analyst ratings or view top-rated stocks.
What is Cineverse's stock price forecast for 2023?: 1 brokers have issued 12-month target prices for Cineverse's shares. Their CNVS share price forecasts range from $6.50 to $9.00. On average, they expect the company's share price to reach $7.75 in the next year. This suggests a possible upside of 617.6% from the stock's current price.
View analysts price targets for CNVS or view top-rated stocks among Wall Street analysts.
How have CNVS shares performed in 2023?: Cineverse's stock was trading at $5.58 at the start of the year. Since then, CNVS shares have decreased by 80.6% and is now trading at $1.08.
View the best growth stocks for 2023 here.
When is Cineverse's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our CNVS earnings forecast.
How were Cineverse's earnings last quarter?: Cineverse Corp. (NASDAQ:CNVS) issued its earnings results on Monday, August, 14th. The company reported ($0.37) earnings per share (EPS) for the quarter. The firm had revenue of $12.98 million for the quarter. Cineverse had a negative trailing twelve-month return on equity of 20.99% and a negative net margin of 10.80%.
When did Cineverse's stock split?: Shares of Cineverse reverse split on the morning of Saturday, June 10th 2023. The 1-20 reverse split was announced on Saturday, June 10th 2023. The number of shares owned by shareholders was adjusted after the market closes on Saturday, June 10th 2023. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

What guidance has Cineverse issued on next quarter's earnings?: Cineverse updated its earnings guidance on Thursday, July, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $62.00 million-$70.00 million, compared to the consensus revenue estimate of $70.22 million.
What is Cineverse's stock symbol?: Cineverse trades on the NASDAQ under the ticker symbol "CNVS."
Who are Cineverse's major shareholders?: Cineverse's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (0.87%), Geode Capital Management LLC (0.58%), State Street Corp (0.21%), Virtu Financial LLC (0.17%), Two Sigma Securities LLC (0.12%) and Northern Trust Corp (0.11%).
View institutional ownership trends.
How do I buy shares of Cineverse?: Shares of CNVS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Cineverse's stock price today?: One share of CNVS stock can currently be purchased for approximately $1.08.
How much money does Cineverse make?: Cineverse (NASDAQ:CNVS) has a market capitalization of $13.27 million and generates $68.03 million in revenue each year. The company earns $-9,730,000.00 in net income (profit) each year or ($0.72) on an earnings per share basis.
How many employees does Cineverse have?: The company employs 165 workers across the globe.
How can I contact Cineverse?: Cineverse's mailing address is 244 FIFTH AVENUE SUITE M289, NEW YORK NY, 10001. The official website for the company is www.cinedigm.com. The company can be reached via phone at (212) 206-8600, via email at investorrelations@cinedigm.com, or via fax at 212-598-4898.

This page (NASDAQ:CNVS) was last updated on 9/27/2023 by MarketBeat.com Staff

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Cineverse (CNVS) Stock Forecast, Price & News

Cineverse MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Cineverse (NASDAQ:CNVS) Stock

CNVS Price History

CNVS Stock News Headlines

CNVS Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

CNVS Stock - Frequently Asked Questions

Overall MarketRank^™