The stock price of Cinemark Holdings Inc (NYSE: CNK) has surged by 0.63 when compared to previous closing price of 28.41, but the company has seen a 0.14% gain in its stock price over the last five trading sessions. schaeffersresearch.com reported 2024-09-10 that Subscribers to Chart of the Week received this commentary on Sunday, September 8.
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 29.26x, Company’s 36-month beta value is 2.37.Analysts have differing opinions on the stock, 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 109.27M, and currently, short sellers hold a 19.78% ratio of that floaft. The average trading volume of CNK on September 18, 2024 was 2.89M shares.
CNK’s Market Performance
CNK’s stock has seen a 0.14% increase for the week, with a 7.81% rise in the past month and a 49.22% gain in the past quarter. The volatility ratio for the week is 2.08%, and the volatility levels for the past 30 days are at 2.54% for Cinemark Holdings Inc The simple moving average for the last 20 days is 2.28% for CNK stock, with a simple moving average of 51.57% for the last 200 days.
Analysts’ Opinion of CNK
B. Riley Securities, on the other hand, stated in their research note that they expect to see CNK reach a price target of $31. The rating they have provided for CNK stocks is “Neutral” according to the report published on August 27th, 2024.
Barrington Research gave a rating of “Outperform” to CNK, setting the target price at $28 in the report published on August 05th of the current year.
CNK Trading at 13.33% 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 -1.65% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares surge +4.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.91% upper at present.
During the last 5 trading sessions, CNK rose by +0.14%, which changed the moving average for the period of 200-days by +94.23% in comparison to the 20-day moving average, which settled at $28.01. In addition, Cinemark Holdings Inc saw 102.91% 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 Fernandes Valmir, who sale 25,000 shares at the price of $27.19 back on Aug 19 ’24. After this action, Fernandes Valmir now owns 204,729 shares of Cinemark Holdings Inc, valued at $679,750 using the latest closing price.
Fernandes Valmir, the Officer of Cinemark Holdings Inc, proposed sale 25,000 shares at $27.20 during a trade that took place back on Aug 19 ’24, which means that Fernandes Valmir is holding shares at $679,878 based on the most recent closing price.
Stock Fundamentals for CNK
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.3 for the gross margin
The net margin for Cinemark Holdings Inc stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 45.86, with 2.91 for asset returns.
Based on Cinemark Holdings Inc (CNK), the company’s capital structure generated 0.87 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 6.77. The interest coverage ratio of the stock is 1.6.
Currently, EBITDA for the company is 581.3 million with net debt to EBITDA at 5.39. When we switch over and look at the enterprise to sales, we see a ratio of 2.17. The receivables turnover for the company is 19.99for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In a nutshell, Cinemark Holdings Inc (CNK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
