Cinemark Holdings Inc (CNK) concluded trading on Thursady at a closing price of $16.09, with 3.83 million shares of worth about $61.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.72% during that period and on Thursady the price saw a loss of about -1.29%. Currently the company’s common shares owned by public are about 121.60M shares, out of which, 108.66M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 19 times over the past 12 months. They bought 70,803 shares in 9 of the transactions. In 10 selling transactions, insiders dumped 43,830 shares.
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However, the stock later moved at a day high price of 16.68, or with a loss of -1.29%. Stock saw a price change of 1.96% in past 5 days and over the past one month there was a price change of 12.91%. Year-to-date (YTD), CNK shares are showing a performance of 14.19% which increased to 28.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.07 but also hit the highest price of $19.85 during that period. The average intraday trading volume for Cinemark Holdings Inc shares is 3.08 million. The stock is currently trading 8.30% above its 20-day simple moving average (SMA20), while that difference is up 11.12% for SMA50 and it goes to 0.65% higher than SMA200.
Cinemark Holdings Inc (NYSE: CNK) currently have 121.60M outstanding shares and institutions hold larger chunk of about 116.78% of that.
The stock has a current market capitalization of $1.96B and its 3Y-monthly beta is at 2.26. PE ratio of stock for trailing 12 months is 13.02, while it has posted earnings per share of $1.24 in the same period. Its PEG reads 1.30 and has Quick Ratio of 1.42 while making debt-to-equity ratio of 11.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CNK, volatility over the week remained 4.68% while standing at 4.27% over the month.
Analysts are in expectations that Cinemark Holdings Inc (CNK) stock would likely to be making an EPS of -$0.26 in the current quarter, while forecast for next quarter EPS is $0.35 and it is $1.62 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.5 which is -$0.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -48.60% while it is estimated to increase by 132.95% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of -6.07% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on January 02, 2024 offering a Neutral rating for the stock and assigned a target price range of between $23 and $15 to it. Coverage by Wells Fargo stated Cinemark Holdings Inc (CNK) stock as an Underweight in their note to investors on December 20, 2023, suggesting a price target of $13 for the stock. On December 05, 2023, ROTH MKM Reiterated their recommendations, while on July 19, 2023, JP Morgan Downgrade their ratings for the stock with a price target of $18. Stock get a Buy rating from B. Riley Securities on July 12, 2023.
