Cineverse (NASDAQ:CNVS) Announces Earnings Results

Cineverse (NASDAQ:CNVS) issued its quarterly earnings results on Thursday. The company reported $0.34 earnings per share for the quarter, Zacks reports. Cineverse had a negative return on equity of 25.87% and a negative net margin of 48.58%.

Cineverse Price Performance

Shares of NASDAQ:CNVS traded down $0.12 during trading on Thursday, reaching $4.48. 329,774 shares of the stock were exchanged, compared to its average volume of 126,280. Cineverse has a 1-year low of $0.71 and a 1-year high of $4.89. The stock has a fifty day moving average of $3.74 and a two-hundred day moving average of $2.41. The firm has a market cap of $71.10 million, a price-to-earnings ratio of -2.78 and a beta of 1.63.

Analyst Ratings Changes

CNVS has been the topic of several research analyst reports. Benchmark increased their target price on shares of Cineverse from $9.00 to $10.00 and gave the stock a “speculative buy” rating in a research note on Friday, November 15th. Alliance Global Partners increased their price objective on shares of Cineverse from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd.

Cineverse Company Profile

Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.