Cinemark Holdings Inc (NYSE:CNK) finished Wednesday with an addition of $0.08 to close at $18.09, an upside of 0.44 percent. An average of 3,144,580 shares of common stock have been traded in the last five days. There was a gain of $0.86 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 2,362,620 shares traded, while the 50-day average volume stands at 2,814,664.
CNK stock has increased by 14.20% in the last month. The company shares reached their 1-month lowest point of $15.45 on 08/29/23. With the stock rallying to its 52-week high on 06/13/23, shares of the company touched a low of $8.28 and a high of $18.85 in 52 weeks. It has reached a new high 38 times so far this year and achieved 108.89% or $9.43 in price. In spite of this, the price is down -4.03% 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 293 days ago on Dec 09.
Valuation Metrics
Cinemark Holdings Inc (CNK) stock’s beta is 2.19. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.78, the price-to-book (PB) ratio at 8.99, and the price-to-cash flow ratio at 10.17.
Financial Health
The quick ratio of Cinemark Holdings Inc for the three months ended June 29 was 1.27, and the current ratio was 1.31, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 13.85 and a total debt to equity ratio of 14.83 for the quarter ending June 29. Cinemark Holdings Inc’s EBITDA margin for the year ending June 29 is 12.40%, while its operating margin for the same period stands at 8.86%. Its gross profit as reported stood at $865.5 million compared to revenue of $2.45 billion.
Earnings Surprise
For the three-month period that ended June 29, Cinemark Holdings Inc had $2.39 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$119.1 million in the quarter, while revenues of $3.1 million were grew 38.37%. The analyst consensus anticipated Cinemark Holdings Inc’s latest quarter earnings to come in at $0.55 per share, but it turned out to be $0.8, a 45.50% surprise. For the quarter, EBITDA amounted to $214.1 million. Shareholders own equity worth $121.63 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 27 September was 70.53%, suggesting the stock is Overbought, with historical volatility in this time frame at 22.86%.
As of today, CNK’s price is $17.92 +4.99% or $0.86 from its 5-day moving average. CNK is currently trading +15.08% higher than its 20-day SMA and +9.57% higher than its 100-day SMA. However, the stock’s current price level is +17.47% above the SMA50 and +45.89% above the SMA200.
The stochastic %K and %D were 81.37% and 78.07%, respectively, and the average true range (ATR) was 0.66. With the 14-day stochastic at 82.13% and the average true range at 0.65, the RSI (14) stands at 64.49%. The stock has reached 0.52 on the 9-day MACD Oscillator while the 14-day reading was at 0.95.
Analyst Ratings
JP Morgan downgraded Cinemark Holdings Inc (NYSE: CNK) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight.
