Cinemark Holdings Inc (CNK) concluded trading on Wednesday at a closing price of $17.43, with 5.39 million shares of worth about $93.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.61% during that period and on May 01, 2024 the price saw a gain of about 1.69%. Currently the company’s common shares owned by public are about 121.60M shares, out of which, 108.53M shares are available for trading.
Stock saw a price change of -1.58% in past 5 days and over the past one month there was a price change of -5.43%. Year-to-date (YTD), CNK shares are showing a performance of 23.70% which increased to 1.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.19 but also hit the highest price of $20.40 during that period. The average intraday trading volume for Cinemark Holdings Inc shares is 3.11 million. The stock is currently trading -4.10% below its 20-day simple moving average (SMA20), while that difference is down -2.07% for SMA50 and it goes to 7.19% 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 116.81% of that.
The stock has a current market capitalization of $2.12B and its 3Y-monthly beta is at 2.26. PE ratio of stock for trailing 12 months is 14.10, while it has posted earnings per share of $1.24 in the same period. Its PEG reads 1.41 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 2.62% while standing at 3.10% over the month.
Analysts are in expectations that Cinemark Holdings Inc (CNK) stock would likely to be making an EPS of -$0.2 in the current quarter, while forecast for next quarter EPS is $0.35 and it is $1.66 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.34 which is -$0.01 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 -42.09% while it is estimated to increase by 105.73% 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 Wells Fargo on April 05, 2024 offering an Overweight rating for the stock and assigned a target price range of between $13 and $23 to it. Coverage by B. Riley Securities stated Cinemark Holdings Inc (CNK) stock as a Neutral in their note to investors on January 02, 2024, suggesting a price target of $15 for the stock. On December 20, 2023, Wells Fargo Downgrade their recommendations, while on December 05, 2023, ROTH MKM Reiterated their ratings for the stock with a price target of $16. Stock get a Neutral rating from JP Morgan on July 19, 2023.
