Analysts’ Views On Cinemark Holdings Inc. (CNK)

Cinemark Holdings Inc. (NYSE:CNK) finished Thursday with a subtraction of -$0.5 to close at $21.33, a downside of -2.29 percent. An average of 4,331,920 shares of common stock have been traded in the last five days. There was a gain of $2.12 in the past week. The last 20 days have seen an average of 3,378,795 shares traded, while the 50-day average volume stands at 4,301,020.

CNK stock has increased by 22.45% in the last month. The company shares reached their 1-month lowest point of $16.78 on 09/10/21. With the stock rallying to its 52-week high on 01/27/21, shares of the company touched a low of $7.56 and a high of $27.84 in 52 weeks. In spite of this, the price is down -23.40% from the 52-week high.

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Insider Transactions

214 days have passed since Cinemark Holdings Inc. (CNK) last reported insider trading activity. Fernandes Valmir, who is Pr – Cinemark International, most recently acquired $12,000 shares at $24.98 per share on Mar 08. In this transaction, the insider spent $299,760. Pr – Cinemark International, Fernandes Valmir, disposed of 15,000 shares at a price of $16.38 on Dec 18. The insider now owns more than $245,700 worth of shares. Prior to that, EVP-General Counsel Cavalier Michael went on to Sale 2,500 shares at $16.78 each on Dec 18. An amount of $41,950 was transacted.

Valuation Metrics

Cinemark Holdings Inc. (CNK) has a trailing price-to-earnings (P/E) ratio of 19.30 for the broader industry and 30.72 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Cinemark Holdings Inc.’s PE ratio has ranged between 26.83 and 4.037. The stock’s beta is 2.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.53, the price-to-book (PB) ratio at 6.46.

The company’s most recent quarterly dividend payment was $0.36 a share, representing a up of 5.56 from $0.34 last year.

The quick ratio of Cinemark Holdings Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 6.68 and a total debt to equity ratio of 6.78 For the recent quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 69.20% against a 5-year average of 63.2%. Cinemark Holdings Inc.’s EBITDA margin for the year ending June 29 is -47.89%. Its gross profit as reported stood at -$58.42 million compared to revenue of $686.31 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cinemark Holdings Inc.’s return on assets was -13.30%, compared to 1.9% over the last five years. In the past year, the return on investment has been -19.00%, and the 5-year average is 4.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been -108.10% and the 5-year average holds at 3.0%. For the broader industry, ROE averaged 4.77 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $294.65 million in the quarter, while revenues of $0.0 were grew 96.96%. The analyst consensus anticipated Cinemark Holdings Inc.’s latest quarter earnings to come in at -$1.08 per share, but it turned out to be -$1.19, a -10.20% surprise. For the recent quarter, EBITDA amounted to -$22.89 million. Shareholders own equity worth $119.63 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Cinemark Holdings Inc. (CNK) price momentum. RSI 9-day as of the close on 07 October was 74.86%, suggesting the stock is Overbought, with historical volatility in this time frame at 36.87%.

As of today, CNK’s price is $21.19 +11.04% or $2.12 from its 5-day moving average. CNK is currently trading +23.29% higher than its 20-day SMA and -3.35% lower than its 100-day SMA. However, the stock’s current price level is +32.57% above the SMA50 and +32.32% above the SMA200.

The stochastic %K and %D were 95.72% and 95.28%, respectively, and the average true range (ATR) was 0.89. With the 14-day stochastic at 88.39% and the average true range at 0.86, the RSI (14) stands at 71.71%. The stock has reached 1.39 on the 9-day MACD Oscillator while the 14-day reading was at 2.15.

Analyst Ratings

Goldman downgraded Cinemark Holdings Inc. (NYSE: CNK) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Cinemark Holdings Inc. (CNK) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CNK, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is CNK’s price target for the next 12 months?

Analysts predict a range of price targets between $14.50 and $32.00, with a median target of $21.50. Taking a look at these predictions, the average price target given by analysts for Cinemark Holdings Inc. (CNK) stock is $22.54.


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