The stock price of Cinemark Holdings Inc (NYSE: CNK) has jumped by 2.18 compared to previous close of 21.99. Despite this, the company has seen a gain of 3.55% in its stock price over the last five trading days. zacks.com reported 2024-07-29 that If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Cinemark (CNK) could be a great choice. It is one of the several stocks that passed through our ‘Fast-Paced Momentum at a Bargain’ screen.
Is It Worth Investing in Cinemark Holdings Inc (NYSE: CNK) Right Now?
Cinemark Holdings Inc (NYSE: CNK) has a price-to-earnings ratio that is above its average at 15.45x. The stock has a 36-month beta value of 2.37. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for CNK is 109.21M, and at present, short sellers hold a 24.74% of that float. On July 29, 2024, the average trading volume of CNK was 2.91M shares.
CNK’s Market Performance
CNK stock saw an increase of 3.55% in the past week, with a monthly gain of 6.29% and a quarterly increase of 27.31%. The volatility ratio for the week is 3.53%, and the volatility levels for the last 30 days are 3.09% for Cinemark Holdings Inc (CNK). The simple moving average for the last 20 days is 4.36% for CNK’s stock, with a simple moving average of 32.95% for the last 200 days.
Analysts’ Opinion of CNK
Many brokerage firms have already submitted their reports for CNK stocks, with B. Riley Securities repeating the rating for CNK by listing it as a “Buy.” The predicted price for CNK in the upcoming period, according to B. Riley Securities is $27 based on the research report published on July 08, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see CNK reach a price target of $26, previously predicting the price at $19. The rating they have provided for CNK stocks is “Buy” according to the report published on June 24th, 2024.
Wells Fargo gave a rating of “Overweight” to CNK, setting the target price at $23 in the report published on April 05th of the current year.
CNK Trading at 15.12% 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 able to rebound, for now settling with 0.99% of gains for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 3.53%, as shares surge +3.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.57% upper at present.
During the last 5 trading sessions, CNK rose by +3.20%, which changed the moving average for the period of 200-days by +18.55% in comparison to the 20-day moving average, which settled at $21.57. In addition, Cinemark Holdings Inc saw 59.47% 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 1.82. 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 sum up, Cinemark Holdings Inc (CNK) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
