Look For Institutional Buying In Cinemark Holdings Inc (NYSE: CNK)

Cinemark Holdings Inc (CNK) concluded trading on Thursday at a closing price of $23.74, with 4.22 million shares of worth about $100.23 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.88% during that period and on March 06, 2025 the price saw a loss of about -0.08%. Currently the company’s common shares owned by public are about 122.32M shares, out of which, 109.68M shares are available for trading.

Stock saw a price change of -7.52% in past 5 days and over the past one month there was a price change of -19.44%. Year-to-date (YTD), CNK shares are showing a performance of -23.37% which increased to 38.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.32 but also hit the highest price of $36.28 during that period. The average intraday trading volume for Cinemark Holdings Inc shares is 2.82 million. The stock is currently trading -16.02% below its 20-day simple moving average (SMA20), while that difference is down -18.69% for SMA50 and it goes to -11.76% lower than SMA200.

Cinemark Holdings Inc (NYSE: CNK) currently have 122.32M outstanding shares and institutions hold larger chunk of about 124.70% of that.

The stock has a current market capitalization of $2.90B and its 3Y-monthly beta is at 2.13. PE ratio of stock for trailing 12 months is 11.70, while it has posted earnings per share of $2.03 in the same period. Its PEG reads 4.92 and has Quick Ratio of 0.99 while making debt-to-equity ratio of 5.81. 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 4.55% while standing at 4.12% over the month.

Stock’s fiscal year EPS is expected to drop by -18.25% while it is estimated to increase by 20.51% in next year. EPS is likely to shrink at an annualized rate of 2.38% for next 5-years, compared to annual growth of 4.76% 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 Wedbush on November 01, 2024 offering a Neutral rating for the stock and assigned a target price of $32 to it. Coverage by Barrington Research stated Cinemark Holdings Inc (CNK) stock as an Outperform in their note to investors on October 31, 2024, suggesting a price target of $36 for the stock. On August 28, 2024, Barrington Research Downgrade their recommendations, while on August 27, 2024, B. Riley Securities Downgrade their ratings for the stock with a price target of $31. Stock get an Outperform rating from Barrington Research on August 05, 2024.

Most Popular

Related Posts