Investors are poised to add Cinemark Holdings Inc. (CNK) Stock to their long term portfolios

Currently, Cinemark Holdings Inc. [CNK] is trading at $12.38, up 3.69%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CNK shares have gain 7.56% over the last week, with a monthly amount glided 42.96%, and seem to be holding up well over a long-time horizon.

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On 26, January 2023, Cinemark Provides a Star-Studded Experience for Cinema Aficionados During Annual Oscar® Movie Week Festival. In a post published today on Yahoo Finance, The festival pass gives moviegoers the chance to see all Best Picture and Best Live Action and Animated Short Film nominees on the big screen – the way they were meant to be seen.

From an analyst’s perspective:

Cinemark Holdings Inc. [NYSE: CNK] stock has seen the most recent analyst activity on January 12, 2023, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $15 for it. Previously, B. Riley Securities reaffirmed its Buy rating on January 03, 2023, and dropped its price target to $13. On October 12, 2022, B. Riley Securities reiterated its Buy rating and revised its price target to $17 on the stock. Credit Suisse downgraded its rating to a Underperform and decreased its price target to $9 on October 12, 2022. Morgan Stanley upgraded its rating to a Overweight but $22 remained the price target by the analyst firm on July 19, 2022. Credit Suisse upgraded its rating to Outperform for this stock on November 09, 2021, and upped its price target to $25. In a note dated October 22, 2021, Wells Fargo initiated an Equal Weight rating and iterated a target price of $22 on this stock.

This stock has fluctuated between a low of $8.28 and a high of $19.76 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $14.08 within the next 12 months. Cinemark Holdings Inc. [NYSE: CNK] shares were valued at $12.38 at the most recent close of the market. An investor can expect a potential return of 13.73% based on the average CNK price forecast.

Analyzing the CNK fundamentals

Recent quarter sales for Cinemark Holdings Inc. [NYSE:CNK] were 650.4 billion which represents 49.60% growth. Gross Margin for this corporation currently stands at -4.21% with Operating Margin at -14.87%, Pretax Margin comes in at -29.07%, and Net Margin reading is -27.59%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.92 points at the first support level, and at 11.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.67, and for the 2nd resistance point, it is at 12.95.

Cinemark Holdings Inc. [CNK] reported earnings per share of -$0.61 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.22/share, meaning a difference of -$0.83 and a surprise factor of -377.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.62 per share as compared to estimates of -$0.61 per share, a difference of -$0.01 representing a surprise of -1.60%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Cinemark Holdings Inc. [NYSE:CNK] is 1.30. In addition, the Quick Ratio stands at 1.12 and the Cash Ratio stands at 0.92. Considering the valuation of this stock, the price to sales ratio is 1.25, the price to book ratio is 5.98.

Transactions by insiders

In the past 3 months, 0 insiders have purchased 0 shares, and 2 have sold 52,957 shares. Recent insider trading involved SENIOR ENRIQUE, Director, that happened on Dec 09 when 35054.0 shares were sold.