For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $1.14 in the prior trading day, Cineverse Corp (NASDAQ: CNVS) closed at $0.95, down -16.67%. In other words, the price has decreased by $-16.67 from its previous closing price. On the day, 0.58 million shares were traded. CNVS stock price reached its highest trading level at $1.15 during the session, while it also had its lowest trading level at $0.94.
Ratios:
Our goal is to gain a better understanding of CNVS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.01.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 29 ’23 when Lindsey Mark Wayne bought 10,000 shares for $1.15 per share. The transaction valued at 11,500 led to the insider holds 18,631 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNVS now has a Market Capitalization of 12661600 and an Enterprise Value of 17945874. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.31. Its current Enterprise Value per Revenue stands at 0.346 whereas that against EBITDA is -29.371.
Stock Price History:
The Beta on a monthly basis for CNVS is 1.42, which has changed by -0.8575 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, CNVS has reached a high of $8.40, while it has fallen to a 52-week low of $0.97. The 50-Day Moving Average of the stock is -31.04%, while the 200-Day Moving Average is calculated to be -27.10%.
Shares Statistics:
The stock has traded on average 641.04K shares per day over the past 3-months and 72200 shares per day over the last 10 days, according to various share statistics. A total of 13.33M shares are outstanding, with a floating share count of 11.21M. Insiders hold about 15.90% of the company’s shares, while institutions hold 8.20% stake in the company. Shares short for CNVS as of 1711584000 were 306873 with a Short Ratio of 0.48, compared to 1709164800 on 404494. Therefore, it implies a Short% of Shares Outstanding of 306873 and a Short% of Float of 2.6400002.
Earnings Estimates
The company has CNBS analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $69.63, with high estimates of $95.12 and low estimates of $11.49.
