Cinedigm stock: buy or sell?

CIDM stock price: $1.09 -3.54% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

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After boosting an amazing 7.08% yesterday, Cinedigm closed today at $1.09 and plunged a terrifying -3.54%. On Aug/20 CIDM collapsed a scary -15.24%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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

Daily outlook

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%).

CIDM stock chart (daily)

Weekly outlook

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%.

CIDM stock chart (weekly)

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 target

How 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 Share

On 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.
CIDM earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.96n/a
2017-Q2-n/a-0.48n/a
2017-Q3-n/a-0.6n/a
2017-Q4-n/a-0.2n/a
2018-Q12018-06-25n/an/an/a
2018-Q22018-08-14-0.06-0.09n/a
2018-Q32018-11-14-0.16-0.09n/a
2018-Q42019-02-13-0.14-0.09n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared 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%.

CIDM annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$88 M-$-20.58 M-23.4%-
2014$104 M18.45%$-13.96 M-13.4%-32.17%
2015$105 M1.11%$-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 results

Cinedigm 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.
CIDM quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$20 M-$-9.64 M-49.2%-
2017-Q2$15 M-22.21%$-5.15 M-33.8%-46.58%
2017-Q3$16 M6.81%$-7.45 M-45.8%44.74%
2017-Q4$18 M13.60%$-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$14 M5.09%$-3.48 M-25.3%6.49%
2018-Q4$15 M6.54%$-3.26 M-22.2%-6.35%

Cinedigm ownership

When 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:

CIDMAMCXMSGNVIAB
Market cap$38.9 M$2.3 B$892.4 M$9.1 B
Total shares35.7 M45.3 M61.3 M353.6 M
Float shares14.2 M40.7 M58.9 M362.8 M
  - Institutional holdings (%)8.8%113.0%109.3%96.1%
  - Insider holdings (%)60.5%3.7%3.7%0.3%
Shares in short selling0.0%0.0%0.0%0.0%

Cinedigm summary

Thursday, August 22nd, 2019
Open$1.13
Close$1.09
Day range$1.09 - $1.14
Previous close$1.13
Session gain-3.54%
Average true range$0.10
50d mov avg$1.24
100d mov avg$1.55
200d mov avg$1.30
Daily pattern
Weekly pattern lt03c

Cinedigm performance

Stocks 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.
Stock3m6m12m
CIDMCinedigm-44.10%-14.17%-19.26%
AMCXAMC Networks-7.77%-21.22%-20.17%
MSGNMSG Networks-30.90%-40.03%-41.29%
VIABViacom-7.18%-10.14%-14.17%

Cinedigm competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for Cinedigm. We picked 3 companies as Cinedigm competitors as they are in the same industry or have similar market objectives.