Cineverse Corp experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $3.93 on 02/14/24, while the lowest price for the same period was registered at $0.71 on 09/09/24.
52-week price history of CNVS Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Cineverse Corp’s current trading price is -54.71% away from its 52-week high, while its distance from the 52-week low is 148.95%. The stock’s price range during this period has spanned from $0.71 to $3.93. In the Communication Services sector, the Cineverse Corp’s shares surpassed a trading volume of approximately 0.81 million for the day, which was noticeably higher compared to the average daily volume of 9.0.11 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Cineverse Corp (CNVS) has experienced a quarterly rise of 109.41% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 27.96M and boasts a workforce of 179 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.9024, with a change in price of +0.7900. Similarly, Cineverse Corp recorded 99,013 in trading volume during the last 100 days, posting a change of +79.80%.
Examining CNVS’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for CNVS stands at 0.28. Similarly, the long-term debt-to-equity ratio is also 0.01.
CNVS Stock Stochastic Average
Today’s raw stochastic average for Cineverse Corp over the last 50 days is 96.38%.This indicates a increase from the raw stochastic average of the past 20 days, which was 96.14%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 79.20% and 72.09%, respectively.
CNVS Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded an increase of 31.85%. However, over the last six months, the performance has been weaker by 44.13%. The price of CNVS increased 125.03% over the last 30 days. And in the last five days, it has surged by 20.27%.
