Cinemark Holdings Inc. (NYSE:CNK) saw an upside of 3.93% to close Tuesday at $11.63 after adding $0.44 on the day. The 5-day average trading volume is 3,127,600 shares of the company’s common stock. It has gained $11.69 in the past week and touched a new high 3 times within the past 5 days. An average of 3,980,525 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,546,186.
CNK’s 1-month performance is 29.94% or $2.99 on its low of $8.28 reached on 12/28/22. The company’s shares have touched a 52-week low of $8.28 and high of $19.76, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, CNK has achieved 34.30% or $2.97 and has reached a new high 10 times. However, the current price is down -41.14% from the 52-week high price.
CNK stock investors last saw insider trading activity on Dec 09.SENIOR ENRIQUE (Director) most recently sold 35,054 shares at $12.47 per share on Dec 09. This transaction cost the insider $437,123.
CNK stock has a beta of 2.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.54 while the price-to-book (PB) in the most recent quarter is 7.05, with the price to cash flow ratio at 10.24.
Cinemark Holdings Inc.’s quick ratio for the period ended September 29 was 1.20, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending September 29 was 13.17, while the total debt to equity was 13.36.. In terms of profitability, the gross margin trailing 12 months is 64.20%. The firm’s gross profit as reported stood at $434.68 million against revenue of $1.51 billion.
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -217.59% to -$24.5 million, while revenue of -$73.4 million was -199.59% off the previous quarter. Analysts expected CNK to announce -$0.14 per share in earnings in its latest quarter, but it posted -$0.2, representing a -42.90% surprise. EBITDA for the quarter stood at more than $72.9 million. CNK stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 4.65 billion, with total debt at $3.81 billion. Shareholders hold equity totaling $120.42 million.
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 24 January was 72.57% to suggest the stock is trending Overbought, with historical volatility in this time period at 52.46%.
The stock’s 5-day moving average is $11.06, reflecting a +4.87% or $0.54 change from its current price. CNK is currently trading +24.12% above its 20-day SMA, -20.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.68% and SMA200 by-27.63%.
Stochastic %K and %D was 95.25% and 90.47% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 63.47%, while the 14-day stochastic is at 98.21% with the period’s ATR at 0.61. The stock’s 9-day MACD Oscillator is pointing at 0.49 and 1.18 on the 14-day charts.
In the most recent analyst report for Cinemark Holdings Inc. (NYSE: CNK), JP Morgan upgraded it to an Overweight 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, 2 brokerage advisors rate CNK as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.