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CNVS
Stock ticker: NASDAQ
AS OF
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Capitalization
14.25M

CNVS Cineverse Corp Forecast, Technical & Fundamental Analysis

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

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CNVS with price predictions
08:00 PM EDT Oct 02, 2023

Momentum Indicator for CNVS turns negative, indicating new downward trend

CNVS saw its Momentum Indicator move below the 0 level on September 18, 2023. 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 82 similar instances where the indicator turned negative. In of the 82 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

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

CNVS broke above its upper Bollinger Band on September 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for CNVS entered a downward trend on September 07, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CNVS's RSI Indicator exited the oversold zone, of 44 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 65 cases where CNVS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CNVS just turned positive on September 29, 2023. Looking at past instances where CNVS's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where CNVS advanced for three days, in of 242 cases, the price rose further within the following month. The odds of a continued upward trend are .

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 Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (0.339) is normal, around the industry mean (4.611). P/E Ratio (0.000) is within average values for comparable stocks, (77.399). CNVS's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.724). Dividend Yield (0.000) settles around the average of (0.061) among similar stocks. P/S Ratio (0.158) is also within normal values, averaging (111.297).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CNVS’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. CNVS’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 89, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

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

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 6.76B. The market cap for tickers in the group ranges from 134 to 166.96B. NFLX holds the highest valuation in this group at 166.96B. The lowest valued company is LRDG at 134.

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 -4%, and the average quarterly price growth was -19%. CAPV experienced the highest price growth at 23%, while AMFL experienced the biggest fall at -41%.

Volume

The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -17%. For the same stocks of the Industry, the average monthly volume growth was -27% and the average quarterly volume growth was 63%

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: 61
Price Growth Rating: 65
SMR Rating: 84
Profit Risk Rating: 89
Seasonality Score: 22 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I. Advisor
published Earnings

CNVS is expected to report earnings to fall 72.97% to -10 cents per share on June 26

Cineverse Corp CNVS Stock Earnings Reports
Q1'23
Est.
$-0.10
Q2'23
Beat
by $0.33
The last earnings report on August 14 showed earnings per share of -37 cents, beating the estimate of -69 cents. With 31.26K shares outstanding, the current market capitalization sits at 14.25M.
A.I. Advisor
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
244 Fifth Avenue
Phone
+1 212 206-8600
Employees
168
Web
https://www.cineverse.com
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CNVS and

Correlation & Price change

A.I.dvisor indicates that over the last year, CNVS has been loosely correlated with ADD. These tickers have moved in lockstep 41% of the time. This A.I.-generated data suggests there is some statistical probability that if CNVS jumps, then ADD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNVS
1D Price
Change %
CNVS100%
-3.36%
ADD - CNVS
41%
Loosely correlated
-20.37%
SIRI - CNVS
35%
Loosely correlated
-0.35%
NFLX - CNVS
30%
Poorly correlated
-0.94%
BOWL - CNVS
27%
Poorly correlated
-1.32%
MCS - CNVS
26%
Poorly correlated
-0.64%
More

Groups containing CNVS

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNVS
1D Price
Change %
CNVS100%
-3.36%
television
(undefined stocks)
18%
Poorly correlated
-1.55%
commercial service
(undefined stocks)
17%
Poorly correlated
-1.70%
Movies/Entertainment
(undefined stocks)
17%
Poorly correlated
-0.85%