A share price of Cinemark Holdings Inc [CNK] is currently trading at $18.13, saw in change for the day. 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 lost -1.89% over the last week, with a monthly amount drifted -0.87%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cinemark Holdings Inc [NYSE: CNK] stock has seen the most recent analyst activity on April 05, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $23 from $13. Previously, B. Riley Securities downgraded its rating to Neutral on January 02, 2024, and dropped its price target to $15. On December 20, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $13 on the stock. ROTH MKM reiterated its Neutral rating and decreased its price target to $16 on December 05, 2023. JP Morgan downgraded its rating to a Neutral and reduced its price target to $18 on July 19, 2023. B. Riley Securities upgraded its rating to Buy for this stock on July 12, 2023, and downed its price target to $20. In a note dated June 14, 2023, B. Riley Securities downgraded an Neutral rating on this stock and revised its target price from $21 to $20.
Cinemark Holdings Inc experienced fluctuations in its stock price throughout the past year between $13.19 and $20.40. Currently, Wall Street analysts expect the stock to reach $22.14 within the next 12 months. Cinemark Holdings Inc [NYSE: CNK] shares were valued at $18.13 at the most recent close of the market. An investor can expect a potential return of 22.12% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 8.48.
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 17.88 points at the first support level, and at 17.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.48, and for the 2nd resistance point, it is at 18.84.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cinemark Holdings Inc [NYSE:CNK] is 1.45. In addition, the Quick Ratio stands at 1.42 and the Cash Ratio stands at 1.16. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 7.12 and price to earnings (TTM) ratio is 14.67.
Transactions by insiders
Recent insider trading involved Gierhart Wanda Marie, Chief Marketing & Content Ofc, that happened on Feb 28 ’24 when 19593.0 shares were sold.
