Do Analysts Expect Cinedigm Corp (CIDM) Stock to Rise After It Has Fallen -8.57% in a Month?

Monday, May 23, 2022 09:43 AM | InvestorsObserver Analysts

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Do Analysts Expect Cinedigm Corp (CIDM) Stock to Rise After It Has Fallen -8.57% in a Month?

Wall Street is positive on Cinedigm Corp (CIDM). On average, analysts give the stock a Strong Buy rating. The average price target is $5, which means analysts expect the stock to gain by 681.25% over the next twelve months. That average ranking earns the stock an Analyst Rating of 72, which is better than 72% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating CIDM a Strong Buy today. Find out what this means to you and get the rest of the rankings on CIDM!

See Full CIDM Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Cinedigm Corp Stock Today?

Cinedigm Corp (CIDM) stock is trading at $0.64 as of 9:42 AM on Monday, May 23, an increase of $0.02, or 2.76% from the previous closing price of $0.62. The stock has traded between $0.63 and $0.66 so far today. Volume today is low. So far 28,637 shares have traded compared to average volume of 1,140,674 shares. Click Here to get the full Stock Report for Cinedigm Corp stock.