Cineverse (NASDAQ:CNVS – Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.15, Zacks reports. The firm had revenue of $9.86 million for the quarter. Cineverse had a negative return on equity of 24.65% and a negative net margin of 18.84%.
Cineverse Stock Down 12.0 %
NASDAQ CNVS opened at $0.79 on Wednesday. Cineverse has a twelve month low of $0.78 and a twelve month high of $3.93. The firm has a market capitalization of $10.56 million, a PE ratio of -0.46 and a beta of 1.68. The stock’s 50 day moving average is $0.90 and its 200 day moving average is $1.21.
Wall Street Analysts Forecast Growth
Separately, Benchmark reiterated a “speculative buy” rating and issued a $9.00 price objective on shares of Cineverse in a research report on Tuesday.
About Cineverse
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.
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