Cineverse Corp (NASDAQ: CNVS) kicked off on Monday, down -16.67% from the previous trading day, before settling in for the closing price of $1.14. Over the past 52 weeks, CNVS has traded in a range of $0.97-$8.40.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 13.28%. While this was happening, its average annual earnings per share was recorded 23.89%. With a float of $11.21 million, this company’s outstanding shares have now reached $13.33 million.
Considering the fact that the conglomerate employs 168 people, you should pay attention to its efficiency factor.
Cineverse Corp (CNVS) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Entertainment Industry. The insider ownership of Cineverse Corp is 15.90%, while institutional ownership is 8.20%. The most recent insider transaction that took place on Sep 29 ’23, was worth 11,500. In this transaction CFO of this company bought 10,000 shares at a rate of $1.15, taking the stock ownership to the 18,631 shares.
Cineverse Corp (CNVS) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported -0.35 earnings per share (EPS), lower than consensus estimate (set at 0) by -0.35. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.89% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 41.24% growth over the previous five years of trading.
Cineverse Corp (NASDAQ: CNVS) Trading Performance Indicators
Take a look at Cineverse Corp’s (CNVS) current performance indicators. Last quarter, stock had a quick ratio of 0.99. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.98, a number that is poised to hit -0.27 in the next quarter and is forecasted to reach -0.64 in one year’s time.
Technical Analysis of Cineverse Corp (CNVS)
Compared to the last year’s volume of 0.54 million, its volume of 0.18 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 7.35%. Additionally, its Average True Range was 0.11.
During the past 100 days, Cineverse Corp’s (CNVS) raw stochastic average was set at 0.33%, which indicates a significant decrease from 1.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 77.34% in the past 14 days, which was lower than the 117.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3681, while its 200-day Moving Average is $1.2998. Nevertheless, the first resistance level for the watch stands at $1.0867 in the near term. At $1.2233, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.2967. If the price goes on to break the first support level at $0.8767, it is likely to go to the next support level at $0.8033. Should the price break the second support level, the third support level stands at $0.6667.
Cineverse Corp (NASDAQ: CNVS) Key Stats
The company with the Market Capitalisation of 12.66 million has total of 13,328K Shares Outstanding. Its annual sales at the moment are 68,030 K in contrast with the sum of -9,730 K annual income. Company’s last quarter sales were recorded 13,280 K and last quarter income was -2,780 K.
