CIDM - Is it launch time?

2021年9月2日

I've been monitoring this stock for sometime now. Definitely a worthwhile look as this company has been on a downslide since its ATH of $145 back in Mar '06. This means a weekly downtrend slide of over 720 WEEKS! I mean that's pretty negative sentiment. For the upside, the company has made some fundamental changes that have given it a good push from its ATL of around $0.30 in Mar '20.

Let's have a look at some of the important tidbits:
1. Jun '21 CIDM joined the Russell Micro Cap Index. What does this mean for us? Membership in the Russell Microcap Index (which remains in place for one year), means automatic inclusion in growth and value indexes. This is the super important statistic: Approximately $10 trillion in assets are benchmarked against Russell's US indexes.

2. After missing 8-straight quarterly earnings, Q1 '21 came in with a surprise 28% above estimates.
How?
Streaming revenue came in at 197%. Debt was reduced by 76%; transitioned away from digital cinema equipment to streaming content

What's next?
Looking at the charts, we are seeing an upward trending pennant. Tightening is happening right around the $2.05 - 2.10 mark, with strong support at $1.15. If we see the breakout today or in the near-term, I believe we are headed to the next level around $3.60.

Best of Luck,