Cinemark Holdings Inc. (CNK): Technicals Say You should Hold

Cinemark Holdings Inc. (NYSE:CNK) saw a downside of -2.32% on Monday to $20.67 after subtracting -$0.49. The 5-day average trading volume is 3,088,801 shares of the company’s common stock. It has gained $21.90 in the past week. An average of 3,186,090 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,266,042.

CNK’s 1-month performance is 22.31% or $3.85 on its low of $16.99 reached on 09/20/21. The company’s shares have touched a 52-week low of $7.56 and high of $27.84, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, CNK has achieved 21.54% or $3.28. However, the current price is down -25.77%% from the 52-week high price.


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Insider Transactions

On Mar 08, 217 days have gone by since the last insider trading activity for Cinemark Holdings Inc. (CNK). Fernandes Valmir (Pr – Cinemark International) most recently sold 12,000 shares at $24.98 per share on Mar 08. This transaction cost the insider $299,760. Pr – Cinemark International, Fernandes Valmir, sold 15,000 shares at a price of $16.38 on Dec 18. Then, on Dec 18, EVP-General Counsel Cavalier Michael sold 2,500 shares at a price of $16.78 per share. This transaction amounted to $41,950.

Valuation Metrics

Cinemark Holdings Inc. (CNK) has a trailing price-to-earnings (P/E) ratio of 19.30 for the broader industry and 30.75 for the sector. The company’s PE ratio for the last five years has touched a high of 26.83 and a low of 4.037. CNK stock has a beta of 2.51. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.70 while the price-to-book (PB) in the most recent quarter is 6.41.

Cinemark Holdings Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.10 meaning that CNK stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 6.68, while the total debt to equity was 6.78. In terms of profitability, the gross margin trailing 12 months is 69.20%. The trailing 12-month EBITDA margin is -47.89%. The firm’s gross profit as reported stood at -$58.42 million against revenue of $686.31 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 96.96% to $294.65 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected CNK to announce -$1.08 per share in earnings in its latest quarter, but it posted -$1.19, representing a -10.20% surprise. EBITDA for the quarter stood at more than -$22.89 million. CNK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.82 billion, with total debt at $4.0 billion. Shareholders hold equity totaling $119.63 million

Technical Picture

Let’s look briefly at Cinemark Holdings Inc. (CNK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 62.39% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.15%.

The stock’s 5-day moving average is $21.36, reflecting a -1.76% or -$0.37 change from its current price. CNK is currently trading +13.12% above its 20-day SMA, -7.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +33.23% and +24.79% respectively.

Stochastic %K and %D was 81.47% and 89.30% and the average true range (ATR) pointed at 0.92. The RSI (14) points at 63.96%, while the 14-day stochastic is at 71.93% with the period’s ATR at 0.88. The stock’s 9-day MACD Oscillator is pointing at 0.38 and 1.07 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Cinemark Holdings Inc. (NYSE: CNK), Goldman downgraded it to a Sell rating. They previously had a Neutral rating on the stock. Analysts offering their rating for CNK stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CNK as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $14.50 and a high of $32.00, with their median price target at $21.50. Looking at these predictions, the average price target given by analysts is for Cinemark Holdings Inc. (CNK) stock is $22.54.

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