Last Week, Cinemark Holdings Inc. (CNK) Recorded A Gain Of $50.68

As of Friday close, Cinemark Holdings Inc.’s (NYSE:CNK) stock was up $1.51, moving up 10.24 percent to $16.25. The average number of shares traded per day over the past five days has been 3,256,600 shares. 2 times new highs have been achieved over the past 5 days, with a $1.07 gain in that time frame. In the last twenty days, the average volume was 2,603,075, while in the previous 50 days, it was 2,532,006.

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Since last month, CNK stock retreated -6.66%. Shares of the company fell to $13.89 on 05/09/22, the lowest level in the past month. A 52-week high of $25.20 was reached on 02/25/22 after having rallying from a 52-week low of $13.37. Since the beginning of this year, CNK’s stock price has risen by 0.81% or $0.13, and marked a new high 8 times. However, the stock has declined by -35.52% since its 52-week high.

Cinemark Holdings Inc. (CNK) last reported insider trading activity 145 days ago on Dec 20. Cavalier Michael, the EVP-General Counsel of the company, disposed of 8,929 shares for $16.30 on Dec 20. It resulted in a $145,543 divestment by the insider.

Valuation Metrics

The stock’s beta is 2.20. Besides these, the trailing price-to-sales (P/S) ratio of 1.30, the price-to-book (PB) ratio of 6.27.

The latest dividend of $0.36 per share was paid out, which is 5.88% more than last year’s $0.34.

Financial Health

In the three months ended September 29, Cinemark Holdings Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 9.00, and the total debt-to-equity ratio was 9.14. On the profitability front, the trailing twelve-month gross margin is 66.00% percent. Based on annual data, CNK earned $434.68 million in gross profit and brought in $1.51 billion in revenue.

In Cinemark Holdings Inc.’s quarter-end financial report for September 29, it reported total debt of $2.48 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CNK’s revenue rose 75.17% to $666.63 million during the quarter, while net income inched up to $460.5 million. While analysts expected Cinemark Holdings Inc. to report -$0.57 quarterly earnings, the actual figure was -$0.65 per share, beating the consensus estimate by -14.00%. During the quarter, the company generated $24.3 million in EBITDA. The liabilities of Cinemark Holdings Inc. were 4.72 billion at the end of its most recent quarter ended September 29, and its total debt was $3.97 billion. The value of shareholders’ equity is $120.45 million.

Technical Picture

This quick technical analysis looks at Cinemark Holdings Inc.’s (CNK) price momentum. With a historical volatility rate of 85.51%, the RSI 9-day stood at 57.82% on 13 May.

With respect to its five-day moving average, the current Cinemark Holdings Inc. price is up by +7.05% percent or $1.07. At present, CNK shares trade -4.52% below its 20-day simple moving average and -2.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.30% below its SMA50 and +2.85% above its SMA200.

Stochastic coefficient K was 39.33% and Stochastic coefficient D was 22.92%, while ATR was 1.02. Given the Stochastic reading of 81.98% for the 14-day period, the RSI (14) reading has been calculated as 53.40%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.41.

Analyst Ratings

Credit Suisse upgraded its rating on Cinemark Holdings Inc. (NYSE: CNK) to an Outperform in a note to investors on November 09, 2021. The analysts firm previously had a Neutral rating on the stock.Cinemark Holdings Inc. (CNK) has been rated Overweight by analysts. According to 1 brokerage firm, CNK is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cinemark Holdings Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $22.00, the current consensus forecast for the stock is $13.90 – $32.00. Based on these forecasts, analysts predict Cinemark Holdings Inc. (CNK) will achieve an average price target of $22.24.


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