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CIDM
Stock ticker:
NASDAQ
AS OF
Jul 1 closing price
Price
$0.51
Change
+$0.02 (+4.08%)
Capitalization
89.41M

CIDM Price Prediction, Cinedigm Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

Momentum Indicator for CIDM turns negative, indicating new downward trend

CIDM saw its Momentum Indicator move below the 0 level on June 29, 2022. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 91 similar instances where the indicator turned negative. In 82 of the 91 cases, the stock moved further down in the following days. The odds of a decline are at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for CIDM turned negative on June 30, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .

CIDM moved below its 50-day moving average on June 28, 2022 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CIDM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CIDM's RSI Oscillator exited the oversold zone, of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where CIDM advanced for three days, in of 215 cases, the price rose further within the following month. The odds of a continued upward trend are .

CIDM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.365) is normal, around the industry mean (4.476). P/E Ratio (51.020) is within average values for comparable stocks, (35.243). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.495). CIDM has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.046). P/S Ratio (1.582) is also within normal values, averaging (100.074).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CIDM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CIDM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.

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A.I.Advisor
published price charts
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A.I. Advisor
published Earnings

CIDM is expected to report earnings to fall 50.00% to 0 cents per share on August 15

Cinedigm Corp CIDM Stock Earnings Reports
Q2'22
Est.
$-0.01
Q1'22
Est.
$-0.02
Q4'21
Beat
by $0.01
Q3'21
Beat
by $0.03
Q2'21
Beat
by $0.06
The last earnings report on June 27 showed earnings per share of -1 cents, meeting the estimate of -1 cents. With 2.63M shares outstanding, the current market capitalization sits at 89.41M.
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Walt Disney Company (The) (NYSE:DIS), Netflix (NASDAQ:NFLX), Paramount Global (NASDAQ:PARA), Roku (NASDAQ:ROKU), AMC Entertainment Holdings (NYSE:AMC), iQIYI (NASDAQ:IQ), HUYA (NYSE:HUYA), Eros Media World PLC (NYSE:EMWP).

Industry description

Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.

Market Cap

The average market capitalization across the Movies/Entertainment Industry is 5.37B. The market cap for tickers in the group ranges from 92 to 175.12B. DIS holds the highest valuation in this group at 175.12B. The lowest valued company is XFCI at 92.

High and low price notable news

The average weekly price growth across all stocks in the Movies/Entertainment Industry was -1%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was -21%. FERL experienced the highest price growth at 97%, while CYFWF experienced the biggest fall at -43%.

Volume

The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -68%. For the same stocks of the Industry, the average monthly volume growth was -53% and the average quarterly volume growth was -50%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 67
Price Growth Rating: 56
SMR Rating: 59
Profit Risk Rating: 90
Seasonality Score: -7 (-100 ... +100)
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published General Information

General Information

a distributor of independent movie, television and other short form content

Industry MoviesEntertainment

Profile
Fundamentals
Details
Industry
Miscellaneous Commercial Services
Address
237 West 35th Street
Phone
+1 212 206-8600
Employees
72
Web
https://www.cinedigm.com

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CIDM and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, CIDM has been loosely correlated with HOFV. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if CIDM jumps, then HOFV could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CIDM
1D Price
Change %
CIDM100%
+3.66%
HOFV - CIDM
43%
Loosely correlated
-3.47%
AMC - CIDM
38%
Loosely correlated
-0.26%
NXST - CIDM
37%
Loosely correlated
+3.47%
ROKU - CIDM
36%
Loosely correlated
+2.15%
MCS - CIDM
36%
Loosely correlated
N/A
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