At the time of writing, Cinemark Holdings Inc [CNK] stock is trading at $27.48, up 0.40%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CNK shares have gain 3.62% over the last week, with a monthly amount glided 27.70%, and 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 August 05, 2024, when Barrington Research reiterated its Outperform rating and also boosted its price target to $28 from $24. Previously, B. Riley Securities upgraded its rating to Buy on July 08, 2024, and elevated its price target to $27. On June 24, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $26 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $23 on April 05, 2024. B. Riley Securities downgraded its rating to a Neutral and reduced its price target to $15 on January 02, 2024. Wells Fargo downgraded its rating to Underweight for this stock on December 20, 2023, and downed its price target to $13. In a note dated December 05, 2023, ROTH MKM reiterated an Neutral rating on this stock and revised its target price from $20 to $16.
For the past year, the stock price of Cinemark Holdings Inc fluctuated between $13.19 and $27.46. Currently, Wall Street analysts expect the stock to reach $25.3 within the next 12 months. Cinemark Holdings Inc [NYSE: CNK] shares were valued at $27.48 at the most recent close of the market. An investor can expect a potential drop of -7.93% based on the average CNK price forecast.
Analyzing the CNK fundamentals
According to Cinemark Holdings Inc [NYSE:CNK], the company’s sales were 2.83B for trailing twelve months, which represents an -22.08% plunge. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.43 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.77.
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 27.28 points at the first support level, and at 27.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.63, and for the 2nd resistance point, it is at 27.77.
Ratios To Look Out For
It is important to note that Cinemark Holdings Inc [NYSE:CNK] has a current ratio of 1.29. Also, the Quick Ratio is 1.26, while the Cash Ratio stands at 1.01. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 9.19 and price to earnings (TTM) ratio is 28.13.
Transactions by insiders
Recent insider trading involved Fernandes Valmir, Pr – Cinemark International, that happened on Aug 19 ’24 when 25000.0 shares were sold. Officer, Fernandes Valmir completed a deal on Aug 19 ’24 to buy 25000.0 shares. Meanwhile, Chief Marketing & Content Ofc Gierhart Wanda Marie sold 19593.0 shares on Feb 28 ’24.
