Technicals Say Cinemark Holdings Inc. (CNK) Is Worth Holding

As of Wednesday close, Cinemark Holdings Inc.’s (NYSE:CNK) stock was down -$0.1, moving down -0.72 percent to $13.85. The average number of shares traded per day over the past five days has been 2,156,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.57 fall in that time frame. In the last twenty days, the average volume was 1,886,645, while in the previous 50 days, it was 2,241,632.

Since last month, CNK stock retreated -13.00%. Shares of the company fell to $13.66 on 06/22/22, the lowest level in the past month. A 52-week high of $23.37 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 dropped by -14.08% or -$2.27, and marked a new high 8 times. However, the stock has declined by -40.74% since its 52-week high.

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Cinemark Holdings Inc. (CNK) last reported insider trading activity 185 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 2.10. Besides these, the trailing price-to-sales (P/S) ratio of 0.91, the price-to-book (PB) ratio of 5.70.

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 March 30, 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 March 30 was 9.00, and the total debt-to-equity ratio was 9.14. On the profitability front, the trailing twelve-month gross margin is 65.50% 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 March 30, 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 -$0.61 quarterly earnings, the actual figure was -$0.62 per share, beating the consensus estimate by -1.60%. 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 March 30, and its total debt was $3.95 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 36.42%, the RSI 9-day stood at 27.85% on 22 June.

With respect to its five-day moving average, the current Cinemark Holdings Inc. price is down by -3.95% percent or -$0.57. At present, CNK shares trade -11.27% below its 20-day simple moving average and -2.88% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.06% below its SMA50 and -18.58% below its SMA200.

Stochastic coefficient K was 3.11% and Stochastic coefficient D was 3.62%, while ATR was 0.69. Given the Stochastic reading of 5.19% for the 14-day period, the RSI (14) reading has been calculated as 34.43%. As of today, the MACD Oscillator reading stands at -0.67, while the 14-day reading stands at -1.48.


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