Cinedigm Corp. (CIDM) Stock: Is This Service Sector Stock Worth Your Investment?

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Cinedigm Corp. (CIDM) is working its way for to the top in the market in today’s trading session. The stock, focused on the service industry, is currently priced at $1.38 after climbing 5.34% so far today. As it relates to service stocks, there are a number of aspects that have the potential to cause gains in the market. One of the most common is news. Here are the most recent trending headlines relating to CIDM:

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Jun-12-19 09:48AM Cinedigm Launches SVOD Services For Popular Digital-First Networks CONtv, DOVE CHANNEL, & DOCURAMA on The Roku Channel
Jun-07-19 12:06PM Cinedigm Acquires The Asylums World War II Film Starring Chuck Liddell and Randy Couture
May-28-19 09:15AM Cinedigm Acquires Jason Mewes Meta Comedy MADNESS IN THE METHOD
May-23-19 09:15AM Cinedigm Acquires North American Rights to the Inspirational Dramedy Miss Arizona
May-16-19 03:34PM A Look At The Intrinsic Value Of Cinedigm Corp. (NASDAQ:CIDM)

However, any time investors are making a decision to invest, investors should look into far more than news, especially in the ever highly complex service space. Here’s what’s happening with Cinedigm Corp..

Recent Movement From CIDM

Although a gain in a single session, like what we’re seeing from Cinedigm Corp. may cause fear in some investors, that alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s generally important to look into trends further out than a single trading session. As it relates to CIDM, below are the returns that investors have seen:

  • Weekly – Throughout the last week, CIDM has generated a change in price that amounts to -23.41%.
  • Past Month – The monthly returns from Cinedigm Corp. works out to -25.00%.
  • Quarterly – In the last quarter, the stock has generated a return of -13.21%
  • Bi-Annually – Throughout the previous six months, we’ve seen a performance that amounts to 66.25% from the company.
  • Year To Date – Since the open of this year CIDM has resulted in a return of 142.06%.
  • Full Year – Finally, throughout the past year, we have seen a change of -6.76% out of CIDM. In this period of time, the stock has traded at a high price of -33.15% and a low of 187.50%.

Ratios To Pay Attention To

Digging into various key ratios having to do with a stock can give prospective investors an understanding of just how dangerous and/or rewarding a pick might be. Here are a few of the most important ratios to think about when digging into CIDM.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the level of short interest. The higher this ratio, the more investors believe that the value of the stock is going to gain. Throughout the sector, strong service sector stocks tend to have a lower short ratio. However, we tend to see quite a few short squeezes in the sector. Nonetheless, in relation to Cinedigm Corp., the stock’s short ratio comes to 3.88.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure the company’s abilities to pay its debts when they mature with only current assets or quick assets. come with positive quick and current ratios. In terms of CIDM, the quick and current ratios come to 0.70 and 0.70 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets that are owned by the company. when it comes to Cinedigm Corp., the book to share value ratio is -0.88.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the price of the company’s stock. In this case, the cash to share value ratio works out to 0.42.

Show Me The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CIDM, here’s what we’re seeing:

  • Institutions – Currently, institutions own 8.10% of the company. However, it’s worth mentioning that the ownership held by institutions has changed in the amount of -7.64% throughout the last 3 months.
  • Insider Moves – as it relates to insiders, those close to the situation currently own 2.50% of the company. Insider ownership of the company has moved 0.00% over the last 3 months.

What Analysts Think About Cinedigm Corp.

Although it’s rarely a good idea to blindly follow the thoughts of analysts, it is a smart idea to consider their analysis in order to validate your own before making investment decisions in the service sector. Here are the recent moves that we’ve seen from analysts when it comes to CIDM.

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Apr-30-15 Upgrade Macquarie Neutral → Outperform
Jun-27-14 Reiterated B. Riley & Co. Buy $3.50 → $3.25
Nov-04-13 Reiterated B. Riley & Co. Buy $2.30 → $3

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.27. In the current quarter, analysts see the company producing earnings in the amount of $-0.02. Over the last 5 years, CIDM has generated revenue in the amount of $-3.60% with earnings coming in at 35.00%. On a quarter over quarter basis, earnings have seen movement of -108.80% and revenue has seen movement of -21.10%.

How Many Shares Of CIDM Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 40.59M shares of Cinedigm Corp. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, CIDM has a float of 14.27M.

It’s also important to follow the short percent. After all, if a high percentage of the float is sold short, the overall opinion among traders is that the equity is going to take a dive. With regard to CIDM, the percentage of the float that is sold short is 2.66%. Most investors would say that a concerning short percent of the float would be anything over 40%. However, I’ve seen that any short ratio over 26% is usually a a play that could prove to be very risky.

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