Shares of Civerse (NASDAQ:CNVS) rose 0.8%

Cineverse Corp. (NASDAQ:CNVS – Get Your Free Report ) was up 0.8% during trading on Thursday. The stock traded as high as $0.83 and last traded at $0.78. During trading, 68,601 shares were traded, down 76% from the session’s average volume of 284,782 shares. Shares previously closed at $0.77.

Changes in Analyst Ratings

Separately, Benchmark reiterated a “speculative buy” rating and issued a $9.00 price objective on shares of Civerse in a research note on Tuesday, July 2nd.

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Civerse trading up 0.8%

The company’s 50-day moving average price is $0.83 and its two-hundred-day moving average price is $1.02. The firm has a market cap of $12.17 million, a PE ratio of -0.45 and a beta of 1.68.

Civerse (NASDAQ:CNVS – Get Your Free Report ) last released its earnings results on Wednesday, August 14th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). Civerse had a negative net margin of 46.23% and a negative return on equity of 19.19%. The company had revenue of $9.13 million for the quarter.

Civerse Company Profile

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Cineverse Corp. operates as a streaming and entertainment technology 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 offers curated content via subscription video on demand (SVOD), ad-supported dedicated channels (AVOD) and linear ad-supported streaming channels (FAST), as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and provides monitoring, billing, collection and verification services.

Further reading

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