Published on 12 Jun 2023 on Simply Wall St. via Yahoo Finance

Cineverse (NASDAQ:CNVS) shareholders are up 13% this past week, but still in the red over the last...

Cineverse Corp. (NASDAQ:CNVS) shareholders should be happy to see the share price up 13% in the last week. But that is meagre solace in the face of the shocking decline over three years. Indeed, the share price is down a whopping 89% in the last three years. So it sure is nice to see a bit of an improvement. But the more important question is whether the underlying business can justify a higher price still. We really hope anyone holding through that price crash has a diversified portfolio. Even when you lose money, you don't have to lose the lesson.

While the stock has risen 13% in the past week but long term shareholders are still in the red, let's see what the fundamentals can tell us.

Check out our latest analysis for Cineverse