Is Wall Street High Or Low On Cinemark Holdings Inc. (CNK)?

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Cinemark Holdings Inc. (NYSE:CNK) finished Thursday with an addition of $0.3 to close at $8.65, an upside of 3.59 percent. An average of 4,271,720 shares of common stock have been traded in the last five days. There was a fall of -$0.30 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 3,744,785 shares traded, while the 50-day average volume stands at 3,288,932.

CNK stock has decreased by -35.64% in the last month. The company shares reached their 1-month lowest point of $8.28 on 12/28/22. With the stock rallying to its 52-week high on 07/22/22, shares of the company touched a low of $8.28 and a high of $19.76 in 52 weeks. It has reached a new high 11 times so far this year and lost -46.34% or -$7.47 in price. In spite of this, the price is down -56.22% from the 52-week high.


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Insider Transactions

CNK stock investors should be aware that Cinemark Holdings Inc. (CNK) stock had its last reported insider trading activity 21 days ago on Dec 09.

Valuation Metrics

Cinemark Holdings Inc. (CNK) stock’s beta is 2.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.45, the price-to-book (PB) ratio at 5.24, and the price-to-cash flow ratio at 8.53.

Financial Health

The quick ratio of Cinemark Holdings Inc. for the three months ended September 29 was 1.20, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 13.17 and a total debt to equity ratio of 13.36 for the quarter ending September 29. Its gross profit as reported stood at $434.68 million compared to revenue of $1.51 billion.

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 -3.30%.

Earnings Surprise

For the three-month period that ended September 29, Cinemark Holdings Inc. had $2.47 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$24.5 million in the quarter, while revenues of -$73.4 million were shrunk -217.59%. The analyst consensus anticipated Cinemark Holdings Inc.’s latest quarter earnings to come in at -$0.14 per share, but it turned out to be -$0.2, a -42.90% surprise. For the quarter, EBITDA amounted to $72.9 million. Shareholders own equity worth $120.42 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 29 December was 26.14%, suggesting the stock is oversold, with historical volatility in this time frame at 74.41%.

As of today, CNK’s price is $8.75 -3.35% or -$0.30 from its 5-day moving average. CNK is currently trading -36.44% lower than its 20-day SMA and -49.97% lower than its 100-day SMA. However, the stock’s current price level is -9.23% below the SMA50 and -45.94% below the SMA200.

The stochastic %K and %D were 6.23% and 5.98%, respectively, and the average true range (ATR) was 0.68. With the 14-day stochastic at 7.92% and the average true range at 0.69, the RSI (14) stands at 29.17%. The stock has reached -0.58 on the 9-day MACD Oscillator while the 14-day reading was at -1.61.

Analyst Ratings

B. Riley Securities reiterated its a Buy rating on Cinemark Holdings Inc. (NYSE: CNK), but raised their price target to $23, indicating a potential price increase of 62.39% for the stock.

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