A share price of Cinemark Holdings Inc [CNK] is currently trading at $17.19, up 2.26%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CNK shares have gain 5.46% over the last week, with a monthly amount glided 19.13%, and seem to be holding up well over a long-time horizon.
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On 16, February 2024, Cinemark Holdings, Inc. Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Delivered Total Revenue of $3.1 billion for FY 2023, an increase of 25% year-over-year.
From an analyst’s perspective:
Cinemark Holdings Inc [NYSE: CNK] stock has seen the most recent analyst activity on January 02, 2024, when B. Riley Securities downgraded its rating to a Neutral and also revised its price target to $15 from $23. Previously, Wells Fargo downgraded its rating to Underweight on December 20, 2023, and dropped its price target to $13. On December 05, 2023, ROTH MKM reiterated its Neutral rating and revised its price target to $16 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $18 on July 19, 2023. B. Riley Securities upgraded its rating to a Buy and reduced its price target to $20 on July 12, 2023. B. Riley Securities downgraded its rating to Neutral for this stock on June 14, 2023, and downed its price target to $20. In a note dated February 23, 2023, Credit Suisse upgraded an Neutral rating on this stock and boosted its target price from $9 to $12.
Cinemark Holdings Inc experienced fluctuations in its stock price throughout the past year between $12.07 and $19.85. Currently, Wall Street analysts expect the stock to reach $22.17 within the next 12 months. Cinemark Holdings Inc [NYSE: CNK] shares were valued at $17.19 at the most recent close of the market. An investor can expect a potential return of 28.97% based on the average CNK price forecast.
Analyzing the CNK fundamentals
Trailing Twelve Months sales for Cinemark Holdings Inc [NYSE:CNK] were 3.07B which represents 6.54% growth. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.75 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of8.48.
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 16.82 points at the first support level, and at 16.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.49, and for the 2nd resistance point, it is at 17.79.
Cinemark Holdings Inc [CNK] reported earnings per share of -$0.15 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of -$0.02 and a surprise factor of -15.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.61 per share as compared to estimates of $0.42 per share, a difference of $0.19 representing a surprise of 45.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cinemark Holdings Inc [NYSE:CNK] is 1.45. As well, the Quick Ratio is 1.42, while the Cash Ratio is 1.16. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 6.75 and price to earnings (TTM) ratio is 13.91.
