The price-to-earnings ratio for Cinemark Holdings Inc (NYSE: CNK) is 23.16x, which is above its average ratio. Moreover, the 36-month beta value for CNK is 2.40. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for CNK is 109.38M and currently, short sellers hold a 20.96% of that float. On December 03, 2024, CNK’s average trading volume was 2.48M shares.
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CNK) stock’s latest price update
Cinemark Holdings Inc (NYSE: CNK)’s stock price has soared by 4.35 in relation to previous closing price of 34.52. Nevertheless, the company has seen a gain of 10.39% in its stock price over the last five trading days. youtube.com reported 2024-12-02 that CNBC’s Julia Boorstin joins ‘Fast Money’ to talk the weekend’s record box office numbers.
CNK’s Market Performance
CNK’s stock has risen by 10.39% in the past week, with a monthly rise of 21.08% and a quarterly rise of 32.18%. The volatility ratio for the week is 3.59% while the volatility levels for the last 30 days are 3.39% for Cinemark Holdings Inc. The simple moving average for the past 20 days is 11.21% for CNK’s stock, with a 56.38% simple moving average for the past 200 days.
Analysts’ Opinion of CNK
Many brokerage firms have already submitted their reports for CNK stocks, with Wedbush repeating the rating for CNK by listing it as a “Neutral.” The predicted price for CNK in the upcoming period, according to Wedbush is $32 based on the research report published on November 01, 2024 of the current year 2024.
Barrington Research, on the other hand, stated in their research note that they expect to see CNK reach a price target of $36. The rating they have provided for CNK stocks is “Outperform” according to the report published on October 31st, 2024.
CNK Trading at 20.35% 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 2.94% of gains for the given period.
Volatility was left at 3.39%, however, over the last 30 days, the volatility rate increased by 3.59%, as shares surge +20.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.19% upper at present.
During the last 5 trading sessions, CNK rose by +10.39%, which changed the moving average for the period of 200-days by +117.64% in comparison to the 20-day moving average, which settled at $32.39. In addition, Cinemark Holdings Inc saw 155.64% 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 Zoradi Mark, who sale 85,229 shares at the price of $32.38 back on Nov 21 ’24. After this action, Zoradi Mark now owns 443,972 shares of Cinemark Holdings Inc, valued at $2,759,715 using the latest closing price.
Zoradi Mark, the Director of Cinemark Holdings Inc, proposed sale 85,229 shares at $32.79 during a trade that took place back on Nov 21 ’24, which means that Zoradi Mark is holding shares at $2,794,659 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
- 0.18 for the gross margin
The net margin for Cinemark Holdings Inc stands at 0.08. The total capital return value is set at 0.08. Equity return is now at value 53.37, with 4.84 for asset returns.
Based on Cinemark Holdings Inc (CNK), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 4.59. The interest coverage ratio of the stock is 1.72.
Currently, EBITDA for the company is 603.9 million with net debt to EBITDA at 4.73. When we switch over and look at the enterprise to sales, we see a ratio of 2.42. The receivables turnover for the company is 21.91for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
To wrap up, the performance of Cinemark Holdings Inc (CNK) has been better in recent times. The stock has received a mixed of “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.
