Cinedigm Corp. (CIDM) is on the roll with an average volume of 2.21M in the recent 3 months

Cinedigm Corp. (CIDM) is priced at $1.01 after the most recent trading session. At the very opening of the session, the stock price was $0.6717 and reached a high price of $0.73, prior to closing the session it reached the value of $0.71. The stock touched a low price of $0.6717.

Recently in News on September 11, 2020, Cinedigm’s Largest Stockholder Converts $15 Million of Convertible Debt into Common Stock at $1.50 Per Share. Move Significantly Reduces Cinedigm’s Overall Debt and Interest Expense. You can read further details here

Cinedigm Corp. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.0000 on 06/04/20, with the lowest value was $0.2500 for the same time period, recorded on 03/23/20.

Cinedigm Corp. (CIDM) full year performance was -26.29%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Cinedigm Corp. shares are logging -83.17% during the 52-week period from high price, and 304.00% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.25 and $6.00.

The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 25465238 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Cinedigm Corp. (CIDM) recorded performance in the market was 2.14%, having the revenues showcasing -70.70% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 86.41M, as it employees total of 70 workers.

The Analysts eye on Cinedigm Corp. (CIDM)

During the last month, 0 analysts gave the Cinedigm Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.3646, with a change in the price was noted +0.5111. In a similar fashion, Cinedigm Corp. posted a movement of +96.43% for the period of last 100 days, recording 6,289,919 in trading volumes.

Technical rundown of Cinedigm Corp. (CIDM)

Raw Stochastic average of Cinedigm Corp. in the period of last 50 days is set at 21.68%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 44.08%. In the last 20 days, the company’s Stochastic %K was 17.41% and its Stochastic %D was recorded 8.22%.

Considering, the past performance of Cinedigm Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 2.14%. Additionally, trading for the stock in the period of the last six months notably improved by 105.40%, alongside a downfall of -26.29% for the period of the last 12 months. The shares increased approximately by -0.69% in the 7-day charts and went up by -49.29% in the period of the last 30 days. Common stock shares were lifted by -70.70% during last recorded quarter.