Cinemark Holdings Inc (CNK) concluded trading on Wednesday at a closing price of $17.88, with 3.48 million shares of worth about $62.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.70% during that period and on March 20, 2024 the price saw a loss of about -0.83%. Currently the company’s common shares owned by public are about 121.60M shares, out of which, 108.55M shares are available for trading.
However, the stock later moved at a day high price of 17.70, or with a loss of -0.83%. Stock saw a price change of -5.25% in past 5 days and over the past one month there was a price change of 8.83%. Year-to-date (YTD), CNK shares are showing a performance of 26.90% which increased to 38.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.26 but also hit the highest price of $19.85 during that period. The average intraday trading volume for Cinemark Holdings Inc shares is 3.20 million. The stock is currently trading 2.74% above its 20-day simple moving average (SMA20), while that difference is up 14.51% for SMA50 and it goes to 11.32% higher than SMA200.
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Cinemark Holdings Inc (NYSE: CNK) currently have 121.60M outstanding shares and institutions hold larger chunk of about 117.72% of that.
The stock has a current market capitalization of $2.17B and its 3Y-monthly beta is at 2.28. PE ratio of stock for trailing 12 months is 14.46, while it has posted earnings per share of $1.24 in the same period. Its PEG reads 1.45 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 2.51% while standing at 3.72% over the month.
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.
