Cinemark Holdings Inc (NYSE: CNK)’s stock price has plunge by -2.28relation to previous closing price of 17.54. Nevertheless, the company has seen a -3.87% plunge in its stock price over the last five trading sessions. Market Watch reported 2024-04-19 that Cinemark Holdings Inc. is well positioned for an improved box office as the movie theater industry recovers from the effects of last year’s Hollywood writers’ and actors’ strikes, according to analyst firm Wedbush.
Is It Worth Investing in Cinemark Holdings Inc (NYSE: CNK) Right Now?
The price-to-earnings ratio for Cinemark Holdings Inc (NYSE: CNK) is above average at 13.87x. The 36-month beta value for CNK is also noteworthy at 2.27. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The public float for CNK is 108.53M, and at present, short sellers hold a 27.32% of that float. The average trading volume of CNK on May 01, 2024 was 3.13M shares.
CNK’s Market Performance
The stock of Cinemark Holdings Inc (CNK) has seen a -3.87% decrease in the past week, with a -7.15% drop in the past month, and a 23.04% gain in the past quarter. The volatility ratio for the week is 2.35%, and the volatility levels for the past 30 days are at 3.05% for CNK. The simple moving average for the past 20 days is -6.03% for CNK’s stock, with a 5.46% simple moving average for the past 200 days.
Analysts’ Opinion of CNK
Many brokerage firms have already submitted their reports for CNK stocks, with Wells Fargo repeating the rating for CNK by listing it as a “Overweight.” The predicted price for CNK in the upcoming period, according to Wells Fargo is $23 based on the research report published on April 05, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see CNK reach a price target of $15, previously predicting the price at $23. The rating they have provided for CNK stocks is “Neutral” according to the report published on January 02nd, 2024.
Wells Fargo gave a rating of “Underweight” to CNK, setting the target price at $13 in the report published on December 20th of the previous year.
CNK Trading at -3.63% from the 50-Day Moving Average
After a stumble in the market that brought CNK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.98% of loss for the given period.
Volatility was left at 3.05%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares sank -7.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.63% upper at present.
During the last 5 trading sessions, CNK fell by -3.87%, which changed the moving average for the period of 200-days by +10.15% in comparison to the 20-day moving average, which settled at $18.17. In addition, Cinemark Holdings Inc saw 21.65% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNK starting from Gierhart Wanda Marie, who sale 19,593 shares at the price of $16.75 back on Feb 28 ’24. After this action, Gierhart Wanda Marie now owns 179,591 shares of Cinemark Holdings Inc, valued at $328,183 using the latest closing price.
Stock Fundamentals for CNK
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.54 for the gross margin
The net margin for Cinemark Holdings Inc stands at 0.06. The total capital return value is set at 0.09. Equity return is now at value 87.81, with 3.82 for asset returns.
Based on Cinemark Holdings Inc (CNK), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 8.48. The interest coverage ratio of the stock is 2.19.
Currently, EBITDA for the company is 581.3 million with net debt to EBITDA at 4.34. When we switch over and look at the enterprise to sales, we see a ratio of 1.56. The receivables turnover for the company is 22.37for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.
Conclusion
In summary, Cinemark Holdings Inc (CNK) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
