#3 - Cinedigm (NASDAQ:CNVS)
This next NFT-related stock is a penny stock, but one that has an intriguing story for risk-tolerant investors. Cinedigm (NASDAQ:CIDM) distributes and aggregates independent movie, television, and other short-form content in the United States, Canada, and New Zealand.
As it relates to NFTs, the company is in the business of turning movies into NFTs. The company’s first foray into NFTs involved remastering two classic movies as a limited-edition bundle complete with new content. It’s too early to tell if this will present a new revenue stream for the company. However, when you consider that NFTs will have appeal to collectors, their ties to the movie industry may be compelling. That being said, it has to be stated that this is a small-cap penny stock. Nevertheless, the company does have a consensus buy rating even though it is not being covered by many analysts.
About Cineverse
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.
Read More - Current Price
- $3.92
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $7.25 (84.9% Upside)
