Analysts who follow Cinedigm Corp (CIDM) on average expect it to decrease -26.11% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns CIDM an Analyst Ranking of 80, which means it ranks higher than 80 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve.
Investors Observer combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.
What's Happening With Cinedigm Corp Stock Today?
Cinedigm Corp (CIDM) stock is trading at $2.03 as of 10:08 AM on Wednesday, Jul 8, an increase of $0.10, or 5.23% from the previous closing price of $1.93. The stock has traded between $1.97 and $2.15 so far today. Volume today is light. So far 384,444 shares have traded compared to average volume of 14,299,918 shares.