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8.45%Beta
-Events Calendar
Next earnings date:
N/ARecent quarterly earnings:
June 27, 2023Recent annual earnings:
June 27, 2023Next ex-dividend date:
N/ARecent ex-dividend date:
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N/ARecent split:
May 10, 2016Analyst ratings
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Cinedigm Corp (NASDAQ:CNVS) told investors it is rebranding to Cineverse to reflect the importance of its flagship service and consolidate its overall corporate identity under one brand following its evolution into a streaming content and technology company. The Los Angeles-based company said its stock ticker will also change to CNVS from CIDM when its shares commence trading on the Nasdaq Capital Market today, May 23, 2023.
Penny stocks have had a great start this year, but with uncertainty starting to rear its head again, investors have started to choose safer options instead. Indeed, the underlying businesses of most penny stocks are loss-making startups that depend on external sources to survive in the long run.
Cinedigm Corp (NASDAQ:CIDM) has revealed that its flagship service, Cineverse, has become the world's fastest-growing streaming library, expanding to over 21,000 movies and shows since its launch in September 2022. According to the company, the service has grown its library by 430% since January, making it the sixth-largest movie streaming service globally in terms of title count.
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