Cinedigm stock: buy or sell?
August 22nd, 2019
Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States.
Should I buy Cinedigm stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to define your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Cinedigm stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Cinedigm stock a buy?
Banks and financial institutions post stock ratings everyday.Unfortunately, we couldn't find any rating for CIDM stock for the last month.
Cinedigm stock analysis
After boosting an amazing 7.08% yesterday, Cinedigm closed today at $1.09 and plunged a terrifying -3.54%.
After boosting an amazing 7.08% yesterday, Cinedigm closed today at $1.09 and plunged a terrifying -3.54%. For the last 10 days when CIDM stock price broke down the SMA200d line, it slid $-0.21 per share (-16.15%). Since April when SMA100d and SMA200d crossed up, CIDM price slipped $-0.91 per share (-45.50%).
Shares of Cinedigm plummed a frightening -12.80% this week. Early August CIDM boosted a super good 13.85% in just one week.
Since price and 40-weeks moving average lines crossed down early July, CIDM fell $-0.24 per share (-18.05%). Stocks below the 40w moving average line are usually not recommended for average traders. Since SMA20w and SMA40w crossed up early April, CIDM price slid a -39.11%.
Cinedigm stock price history
Cinedigm IPO was on November 10th, 2003 at $55.00 per share1. Since then, CIDM stock lost a -98.00%, with a yearly average of -6.50%.
1: Adjusted price after possible price splits or reverse-splits.
Cinedigm stock historical price chart
CIDM stock reached 52-week highs on April at $2.06, and all-time highs 2006-05-08 with a price of 147.3.
Cinedigm stock price targetHow much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not found any price prediction for Cinedigm stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Cinedigm didn't meet the estimates of the experts and posted a chilling EPS of $-0.09 per share when experts were expecting $-0.14.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a hair-raising correction of -25.12% to $67.68 million dollars. Likewise, its profit margin (compared to sales) plunged to -27.27%, that is $-18.45 million. To have an up to date view of the financial situation of Cinedigm, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q4 that can be compared to 2018 fiscal year results. Annual Cinedigm TTM sales up to December 2018 were $59.14 and income was $-9.95 million dollars. If we compare this TTM figures with the last reported annuality, we can review Cinedigm business evolution since March 2018: Annual sales up to December, compared to lastest yearly report, collapsed a dreadful -12.63%. Nonetheless, profit margin (net income/sales) climbed at -27.27%.
|2013||$88 M||-||$-20.58 M-23.4%||-|
|2014||$104 M||18.45%||$-13.96 M-13.4%||-32.17%|
|2015||$105 M||1.11%||$-31.31 M-29.7%||124.27%|
|2016||$104 M||-0.98%||$-41.74 M-40.0%||33.33%|
|2017||$90 M||-13.46%||$-15.13 M-16.7%||-63.76%|
|2018||$68 M||-25.12%||$-18.45 M-27.3%||21.98%|
|TTM||$59 M||-12.63%||$-9.95 M-16.8%||-46.09%|
Quarterly financial resultsCinedigm reported $14.64 million in revenues for 2018-Q4, a 6.54% improvement compared to previous quarter. Reported quarter income marked $-3.26 million with a profit margin of -22.25%. Profit margin gained a 3.06% compared to previous quarter when profit margin was -25.31%. When comparing sales to same quarter last year, Cinedigm sales marked a frightening drop down and plummed a -20.81%. Looking back to recent quarterly results, Cinedigm posted 2 negative quarters in a row.
|2017-Q1||$20 M||-||$-9.64 M-49.2%||-|
|2017-Q2||$15 M||-22.21%||$-5.15 M-33.8%||-46.58%|
|2017-Q3||$16 M||6.81%||$-7.45 M-45.8%||44.74%|
|2017-Q4||$18 M||13.60%||$-5.91 M-32.0%||-20.73%|
|2018-Q1||$18 M||-4.43%||$0.06 M0.3%||-100.93%|
|2018-Q2||$13 M||-26.00%||$-3.27 M-25.0%||-6,040.00%|
|2018-Q3||$14 M||5.09%||$-3.48 M-25.3%||6.49%|
|2018-Q4||$15 M||6.54%||$-3.26 M-22.2%||-6.35%|
Cinedigm ownershipWhen you are planning to invest in a company, it's always worth to check its ownership structure.
Cinedigm shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 60.47% of all shares.
In case of Cinedigm stock, 8.85% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for CIDM stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Cinedigm:
|Market cap||$38.9 M||$2.3 B||$892.4 M||$9.1 B|
|Total shares||35.7 M||45.3 M||61.3 M||353.6 M|
|Float shares||14.2 M||40.7 M||58.9 M||362.8 M|
|- Institutional holdings (%)||8.8%||113.0%||109.3%||96.1%|
|- Insider holdings (%)||60.5%||3.7%||3.7%||0.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$1.09 - $1.14|
|Average true range||$0.10|
|50d mov avg||$1.24|
|100d mov avg||$1.55|
|200d mov avg||$1.30|
Cinedigm performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose AMC Networks, MSG Networks and Viacom as the bechmarking frame for Cinedigm stock.