Cineverse (NASDAQ:CNVS - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.34 earnings per share for the quarter, Zacks reports. Cineverse had a negative return on equity of 25.87% and a negative net margin of 48.58%.
Cineverse Price Performance
CNVS traded down $0.30 on Monday, reaching $4.18. 730,931 shares of the stock were exchanged, compared to its average volume of 90,760. The company's 50-day moving average price is $3.75 and its 200 day moving average price is $2.47. Cineverse has a fifty-two week low of $0.71 and a fifty-two week high of $4.89. The firm has a market capitalization of $66.35 million, a PE ratio of -2.60 and a beta of 1.63.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on CNVS. Benchmark raised their price objective on Cineverse from $9.00 to $10.00 and gave the stock a "speculative buy" rating in a research report on Friday, November 15th. Alliance Global Partners lifted their price target on Cineverse from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd.
Read Our Latest Report on Cineverse
Cineverse Company Profile
(
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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.
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