At the last check on Thursday, Cinemark Holdings Inc.’s (NYSE:CNK) stock was up $0.74, moving up 4.29 percent to $17.97. The average number of shares traded per day over the past five days has been 2,431,891 shares. 5 times new highs have been achieved over the past 5 days, with a $1.44 gain in that time frame. In the last twenty days, the average volume was 2,336,168, while in the previous 50 days, it was 2,766,321.
Since last month, CNK stock rose 4.17%. Shares of the company fell to $15.45 on 08/29/23, the lowest level in the past month. A 52-week high of $18.85 was reached on 06/13/23 after having rallying from a 52-week low of $8.28. Since the beginning of this year, CNK’s stock price has risen by 107.51% or $9.31, and marked a new high 38 times. However, the stock has declined by -4.67% since its 52-week high.
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CNK stock investors should be aware that Cinemark Holdings Inc. (CNK) stock had its last reported insider trading activity 286 days ago on Dec 09. SENIOR ENRIQUE, the Director of the company, disposed of 35,054 shares for $12.47 on Dec 09. It resulted in a $437,123 divestment by the insider.
Valuation Metrics
The stock’s beta is 2.25. Besides these, the trailing price-to-sales (P/S) ratio of 0.77, the price-to-book (PB) ratio of 8.77, and the price-to-cash flow ratio of 9.95 may also be considered.
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 June 29, Cinemark Holdings Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, 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 June 29 was 10.10, and the total debt-to-equity ratio was 10.19. On the profitability front, the trailing twelve-month gross margin is 64.40% percent. In the year ended June 29, EBITDA margin amounted to 12.40%, whereas operating margins totaled 5.30%. Based on annual data, CNK earned $865.5 million in gross profit and brought in $2.45 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.40%. Return on equity (ROE) for the past 12 months was -5.00%.
In Cinemark Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $2.39 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CNK’s revenue rose 21.03% to $605.0 million during the quarter, while net income inched up to $942.3 million. While analysts expected Cinemark Holdings Inc. to report $0.55 quarterly earnings, the actual figure was $0.8 per share, beating the consensus estimate by 45.50%. During the quarter, the company generated $214.1 million in EBITDA. The liabilities of Cinemark Holdings Inc. were 4.59 billion at the end of its most recent quarter ended June 29, and its total debt was $3.63 billion. The value of shareholders’ equity is $121.63 million.
Technical Picture
This quick technical analysis looks at Cinemark Holdings Inc.’s (CNK) price momentum. With a historical volatility rate of 22.50%, the RSI 9-day stood at 72.28% on 20 September.
With respect to its five-day moving average, the current Cinemark Holdings Inc. price is up by +8.75% percent or $1.44. At present, CNK shares trade +6.11% above its 20-day simple moving average and +6.43% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.17% above its SMA50 and +30.46% above its SMA200.
Stochastic coefficient K was 86.12% and Stochastic coefficient D was 84.43%, while ATR was 0.63. Given the Stochastic reading of 88.86% for the 14-day period, the RSI (14) reading has been calculated as 64.69%. As of today, the MACD Oscillator reading stands at 0.67, while the 14-day reading stands at 0.77.
Analyst Ratings
Cinemark Holdings Inc. downgraded its rating on Cinemark Holdings Inc. (NYSE: CNK) to a Neutral in a note to investors on July 19, 2023. The analysts firm previously had an Overweight rating on the stock.Cinemark Holdings Inc. (CNK) has been rated Overweight by analysts. According to 1 brokerage firm, CNK is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cinemark Holdings Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $20.00, the current consensus forecast for the stock is $14.00 – $24.00. Based on these forecasts, analysts predict Cinemark Holdings Inc. (CNK) will achieve an average price target of $20.18.
