On Wednesday, Cinedigm’s stock soared from $0.7285 to $1.3100. Active investors made its daily volume increase to 53,701,976 while the average daily volume has been reaching 2,355,671 shares after the drastic crash on May 21.
The first-quarter financial results of 2020 are not released yet. Looking at Q4 2019 financial reports one may conclude that operating expenses ad cost of revenue causing no loss to the company. Non-operational expenses could be temporary and soon Cinedigm may see positive net income for paying dividends to the stockholders.
Even though the total capitalization of the Cinedigm is negative the market value drastically exceeds with $134.571 million while EPS stays negative at $0.46.