Currently, there are 121.60M common shares owned by the public and among those 108.55M shares have been available to trade.
However, the script later moved the day high at 19.99, down -2.98%. The company’s stock has a 5-day price change of 3.90% and 39.19% over the past three months. CNK shares are trading 36.12% year to date (YTD), with the 12-month market performance up to 33.66% higher. It has a 12-month low price of $13.19 and touched a high of $20.40 over the same period. CNK has an average intraday trading volume of 3.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.25%, 14.97%, and 19.14% respectively.
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Institutional ownership of Cinemark Holdings Inc (NYSE: CNK) shares accounts for 117.66% of the company’s 121.60M shares outstanding.
It has a market capitalization of $2.33B and a beta (3y monthly) value of 2.26. The stock’s trailing 12-month PE ratio is 15.52, while the earnings-per-share (ttm) stands at $1.24. The company has a PEG of 1.55 and a Quick Ratio of 1.42 with the debt-to-equity ratio at 11.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.79% over the week and 3.24% over the month.
Analysts forecast that Cinemark Holdings Inc (CNK) will achieve an EPS of -$0.26 for the current quarter, $0.35 for the next quarter and $1.62 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.5 while analysts give the company a high EPS estimate of -$0.15. Comparatively, EPS for the current quarter was -$0.03 a year ago. Earnings per share for the fiscal year are expected to decrease by -46.98%, and 130.19% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -6.07% over the past 5-year period.
Looking at the support for the CNK, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on April 05, 2024, with the firm’s price target at $13-$23. B. Riley Securities coverage for the Cinemark Holdings Inc (CNK) stock in a research note released on January 02, 2024 offered a Neutral rating with a price target of $15. Wells Fargo was of a view on December 20, 2023 that the stock is Underweight, while ROTH MKM gave the stock Neutral rating on December 05, 2023, issuing a price target of $20- $16. JP Morgan on their part issued Neutral rating on July 19, 2023.
