The stock price of Cinemark Holdings Inc (NYSE: CNK) has dropped by -4.01 compared to previous close of 17.72. Despite this, the company has seen a fall of -3.02% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-02 that Cinemark Holdings (CNK) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of a loss of $0.21 per share. This compares to loss of $0.03 per share a year ago.
Is It Worth Investing in Cinemark Holdings Inc (NYSE: CNK) Right Now?
The price-to-earnings ratio for Cinemark Holdings Inc (NYSE: CNK) is 11.70x, which is above its average ratio. Moreover, the 36-month beta value for CNK is 2.29. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for CNK is 108.53M and currently, short sellers hold a 27.32% of that float. On May 07, 2024, CNK’s average trading volume was 3.22M shares.
CNK’s Market Performance
CNK stock saw a decrease of -3.02% in the past week, with a monthly decline of -13.96% and a quarterly a decrease of 22.02%. The volatility ratio for the week is 5.26%, and the volatility levels for the last 30 days are 3.50% for Cinemark Holdings Inc (CNK).. The simple moving average for the past 20 days is -5.24% for CNK’s stock, with a 4.40% 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 -4.85% 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 -16.62% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 5.26%, as shares sank -11.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.42% upper at present.
During the last 5 trading sessions, CNK fell by -3.02%, which changed the moving average for the period of 200-days by +8.97% in comparison to the 20-day moving average, which settled at $17.84. In addition, Cinemark Holdings Inc saw 20.72% 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
- 0.43 for the gross margin
The net margin for Cinemark Holdings Inc stands at 0.07. The total capital return value is set at 0.09. Equity return is now at value 96.25, with 4.46 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 0.16. The debt to equity ratio resting at 8.03. The interest coverage ratio of the stock is 2.06.
Currently, EBITDA for the company is 581.3 million with net debt to EBITDA at 4.65. When we switch over and look at the enterprise to sales, we see a ratio of 1.59. The receivables turnover for the company is 23.82for 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 1.48.
Conclusion
To wrap up, the performance of Cinemark Holdings Inc (CNK) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
