The stock of Cinemark Holdings Inc. (NYSE:CNK) decreased by -$0.12 on Tuesday to finish at $15.72, down -0.76 percent. The last five days have seen an average of 3,151,180 shares of common stock traded. 38 times new highs were reached in the current year, with a gain of $7.06. The average number of shares traded over the last 20 days was 2,965,580, while the average volume over the last 50 days totaled 2,832,484.
CNK stock dropped -5.81% since last month. On 08/29/23, the company’s shares reached a one-month low of $15.45. The stock touched a high of $18.85 on 06/13/23, after rallying from a low of $8.28 in 52 weeks. The price of CNK stock has risen by 81.52% or $7.06 this year, reaching a new high 38 times. Still, the stock price is down -16.60% from the 52-week high.
Insider Transactions
CNK stock investors should be aware that Cinemark Holdings Inc. (CNK) stock had its last reported insider trading activity 264 days ago on Dec 09. On Dec 09, Director SENIOR ENRIQUE sold 35,054 shares at $12.47 each. This transaction resulted in the insider making $437,123.
Valuation Metrics
Beta for the stock is 2.27. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.70, the price-to-book (PB) ratio of 7.67, and the price-to-cash flow ratio of 9.08.
Company paid $0.36 per share in dividends, an increase of 5.88% from $0.34 last year.
Financial Health
For the three months ended June 29, Cinemark Holdings Inc.’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 10.10, and the total debt to equity ratio is 10.19. As far as profitability goes, gross margin for the trailing twelve months is 64.40% percent. Cinemark Holdings Inc.’s EBITDA margin for the year ended June 29 was 12.40%, whereas its operating margin stood at 5.30% for the same period. Based on annual data, it had gross profit of $865.5 million and revenue of $2.45 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CNK’s return on assets (ROA) during the last 12 months has been -0.20%. There was a -3.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -5.00%.
Earnings Surprise
According to Cinemark Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $942.3 million, while revenues rose by 21.03% to $605.0 million. It was predicted that Cinemark Holdings Inc.’s quarterly earnings would be $0.8, but it ended up being $0.55, beating the consensus by 45.50%. EBITDA was $214.1 million for the quarter. At the end of Cinemark Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 4.59 billion, while its total debt was $3.63 billion. Equity owned by shareholders amounts to $121.63 million.
Technical Picture
Here’s a quick look at Cinemark Holdings Inc.’s (CNK) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 29.73%, suggesting the stock is oversold, with a 26.35% historical volatility rate.
The stochastic %K and %D were 9.45% and 6.76% respectively, while the average true range (ATR) was 0.63. Based on the 14-day stochastic reading of 10.13%, the RSI (14) reading is 37.09%. On the 9-day MACD Oscillator, the stock is at -1.01, and the 14-day reading is at -1.33.
Analyst Ratings
Cinemark Holdings Inc. (NYSE: CNK) was downgraded by JP Morgan to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Cinemark Holdings Inc. (CNK) an Overweight rating. CNK is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is CNK’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $24.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Cinemark Holdings Inc. (CNK) is $19.67.
