Cineverse (CNVS) Stock Price, News & Analysis

Company Overview

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. It entertains consumers worldwide by providing premium feature film and television programs, enthusiast streaming channels, and technology services. The company was formerly known as Cinedigm Corp. and changed its name to Cineverse Corp. in May 2023. Cineverse Corp. was incorporated in 2000 and is based in New York, New York.

Key Stats

• Today's Range: $3.73 to $4.02
• 50-Day Range: $0.75 to $3.84
• 52-Week Range: $0.71 to $4.02
• Volume: 387,860 shs
• Average Volume: 299,286 shs
• Market Capitalization: $63.33 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.25
• Consensus Rating: Buy

Cineverse Stock Analysis - MarketRank™

Cineverse scored higher than 46% of companies evaluated by MarketBeat, and ranked 210th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Cineverse has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cineverse has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Cineverse is -2.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cineverse is -2.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Cineverse has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.15% of the outstanding shares of Cineverse have been sold short.

Short Interest Ratio / Days to Cover

Cineverse has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cineverse has recently increased by 20.30%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Cineverse does not currently pay a dividend.

Dividend Growth

Cineverse does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.15% of the outstanding shares of Cineverse have been sold short.

Short Interest Ratio / Days to Cover

Cineverse has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cineverse has recently increased by 20.30%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.70

News Sentiment

Cineverse has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Cineverse this week, compared to 1 article on an average week.

Search Interest

8 people have searched for CNVS on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.

MarketBeat Follows

2 people have added Cineverse to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Cineverse insiders have not sold or bought any company stock.

Percentage Held by Insiders

15.80% of the stock of Cineverse is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 8.19% of the stock of Cineverse is held by institutions.

CNVS Stock Analysis - Frequently Asked Questions

How have CNVS shares performed this year?

Cineverse's stock was trading at $1.35 at the beginning of 2024. Since then, CNVS shares have increased by 195.6% and is now trading at $3.99.
View the best growth stocks for 2024 here.

How were Cineverse's earnings last quarter?

Cineverse Corp. (NASDAQ:CNVS) announced its earnings results on Wednesday, August, 14th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by $0.07. The business had revenue of $9.13 million for the quarter. Cineverse had a negative trailing twelve-month return on equity of 25.87% and a negative net margin of 48.58%.

When did Cineverse's stock split?

Cineverse's stock reverse split before market open on Saturday, June 10th 2023. The 1-20 reverse split was announced on Saturday, June 10th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Saturday, June 10th 2023. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Who are Cineverse's major shareholders?

Top institutional investors of Cineverse include Corsair Capital Management L.P. (3.93%) and Virtu Financial LLC (0.20%). Insiders that own company stock include Mark Wayne Lindsey and John K Canning.
View institutional ownership trends.

How do I buy shares of Cineverse?

Shares of CNVS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cineverse own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cineverse investors own include Meta Platforms (META), NVIDIA (NVDA), NIO (NIO), Advanced Micro Devices (AMD), Palantir Technologies (PLTR), Broadcom (AVGO) and Salesforce (CRM).

Company Calendar

• Last Earnings: 8/14/2024
• Today: 11/20/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Video tape rental
• Sub-Industry: Entertainment
• Current Symbol: NASDAQ:CNVS
• CUSIP: N/A
• CIK: 1173204
• Web: www.cinedigm.com
• Phone: (212) 206-8600
• Fax: 212-598-4898
• Employees: 134
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.25
• High Stock Price Target: $10.00
• Low Stock Price Target: $4.50
• Potential Upside/Downside: +81.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.61)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-21,410,000.00
• Net Margins: -48.58%
• Pretax Margin: N/A
• Return on Equity: -25.87%
• Return on Assets: -11.40%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.96
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $45.28 million
• Price / Sales: 1.40
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.80 per share
• Price / Book: 1.05

Miscellaneous

• Outstanding Shares: 15,873,000
• Free Float: 13,365,000
• Market Cap: $63.33 million
• Optionable: Not Optionable
• Beta: 1.47