Cinemark Holdings Inc (NYSE: CNK) is 126.97% higher on its value in year-to-date trading and has touched a low of $13.19 and a high of $33.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNK stock was last observed hovering at around $31.81 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $31.98, the stock is 6.22% and 10.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.26 million and changing 0.53% at the moment leaves the stock 45.22% off its SMA200. CNK registered 115.50% gain for a year compared to 6-month gain of 79.56%. The firm has a 50-day simple moving average (SMA 50) of $28.8756 and a 200-day simple moving average (SMA200) of $22.0223.
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The stock witnessed a 11.55% loss in the last 1 month and extending the period to 3 months gives it a 20.59%, and is 1.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.82% over the week and 3.26% over the month.
Cinemark Holdings Inc (CNK) has around 17500 employees, a market worth around $3.91B and $2.87B in sales. Current P/E ratio is 20.56 and Fwd P/E is 16.64. Profit margin for the company is 8.20%. Distance from 52-week low is 142.46% and -3.41% from its 52-week high. The company has generated returns on investments over the last 12 months (7.04%).
The EPS is expected to grow by 53.35% this year
367.0 institutions hold shares in Cinemark Holdings Inc (CNK), with institutional investors hold 130.89% of the company’s shares. The shares outstanding are 121.60M, and float is at 109.25M with Short Float at 21.38%. Institutions hold 116.91% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.28 million shares valued at $351.92 million. The investor’s holdings represent 13.5759 of the CNK Shares outstanding. As of 2024-06-30, the second largest holder is ORBIS ALLAN GRAY LTD with 13.37 million shares valued at $289.08 million to account for 11.1518 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 13.26 million shares representing 11.0596 and valued at over $286.69 million, while VANGUARD GROUP INC holds 10.3811 of the shares totaling 12.45 million with a market value of $269.1 million.
Cinemark Holdings Inc (CNK) Insider Activity
The most recent transaction is an insider sale by Fernandes Valmir, the company’s Pr – Cinemark International. SEC filings show that Fernandes Valmir sold 25,000 shares of the company’s common stock on Nov 12 ’24 at a price of $32.68 per share for a total of $0.82 million. Following the sale, the insider now owns 0.18 million shares.
Still, SEC filings show that on Aug 19 ’24, Fernandes Valmir (Pr – Cinemark International) disposed off 25,000 shares at an average price of $27.19 for $0.68 million. The insider now directly holds 204,729 shares of Cinemark Holdings Inc (CNK).
