Cinemark Holdings Inc. (NYSE:CNK) saw a downside of -2.21% to close Tuesday at $17.25 after subtracting -$0.39 on the day. The 5-day average trading volume is 1,779,160 shares of the company’s common stock. It has gained $18.11 in the past week and touched a new high 3 times within the past 5 days. An average of 2,821,115 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,788,200.
CNK’s 1-month performance is 12.09% or $1.77 on its low of $15.17 reached on 07/25/23. The company’s shares have touched a 52-week low of $8.28 and high of $18.85, with the stock’s rally to the 52-week high happening on 06/13/23. YTD, CNK has achieved 99.19% or $8.59 and has reached a new high 38 times. However, the current price is down -8.49% from the 52-week high price.
Insider Transactions
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.
Valuation Metrics
CNK stock has a beta of 2.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.74 while the price-to-book (PB) in the most recent quarter is 8.41, with the price to cash flow ratio at 9.57.
Cinemark Holdings Inc.’s quick ratio for the period ended June 29 was 1.30, 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 June 29 was 10.10, while the total debt to equity was 10.19.. In terms of profitability, the gross margin trailing 12 months is 64.40%. The firm’s gross profit as reported stood at $865.5 million against revenue of $2.45 billion.
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 38.37% to -$119.1 million, while revenue of $3.1 million was 102.6% off the previous quarter. Analysts expected CNK to announce $0.55 per share in earnings in its latest quarter, but it posted $0.8, representing a 45.50% surprise. EBITDA for the quarter stood at more than $214.1 million. CNK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.59 billion, with total debt at $3.63 billion. Shareholders hold equity totaling $121.63 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 22 August was 47.18% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.42%.
The stock’s 5-day moving average is $17.68, reflecting a -3.36% or -$0.60 change from its current price. CNK is currently trading +12.16% above its 20-day SMA, +20.88% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.56% and SMA200 by+64.44%.
Stochastic %K and %D was 50.42% and 62.65% and the average true range (ATR) pointed at 0.65. The RSI (14) points at 51.07%, while the 14-day stochastic is at 18.24% with the period’s ATR at 0.67. The stock’s 9-day MACD Oscillator is pointing at -0.03 and -0.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Cinemark Holdings Inc. (NYSE: CNK), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight 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 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
