Cinemark Holdings Inc (NYSE: CNK) is -6.88% lower on its value in year-to-date trading and has touched a low of $13.45 and a high of $36.28 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNK stock was last observed hovering at around $29.02 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $28.85, the stock is -2.57% and -8.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.89 million and changing -0.59% at the moment leaves the stock 12.62% off its SMA200. CNK registered 99.93% gain for a year compared to 6-month gain of 26.09%. The firm has a 50-day simple moving average (SMA 50) of $31.5648 and a 200-day simple moving average (SMA200) of $25.5607.
The stock witnessed a -6.79% loss in the last 1 month and extending the period to 3 months gives it a -1.77%, and is -2.04% down 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 2.52% over the week and 2.62% over the month.
Cinemark Holdings Inc (CNK) has around 17500 employees, a market worth around $3.53B and $2.87B in sales. Current P/E ratio is 18.55 and Fwd P/E is 14.87. Profit margin for the company is 8.20%. Distance from 52-week low is 114.50% and -20.48% from its 52-week high. The company has generated returns on investments over the last 12 months (7.04%).
with sales reaching $792.73M over the same period.The EPS is expected to grow by 54.90% this year, but quarterly earnings will post -1.33% year-over-year. Quarterly sales are estimated to grow 24.08% in year-over-year returns.
386.0 institutions hold shares in Cinemark Holdings Inc (CNK), with institutional investors hold 133.79% of the company’s shares. The shares outstanding are 122.37M, and float is at 109.55M with Short Float at 23.41%. Institutions hold 119.78% 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 Thomas Melissa, the company’s EVP, Chief Financial Officer. SEC filings show that Thomas Melissa sold 14,400 shares of the company’s common stock on Dec 16 ’24 at a price of $32.01 per share for a total of $0.46 million. Following the sale, the insider now owns 0.24 million shares.
Still, SEC filings show that on Dec 06 ’24, Gamble Sean (Chief Executive Officer) disposed off 127,672 shares at an average price of $34.85 for $4.45 million. The insider now directly holds 655,104 shares of Cinemark Holdings Inc (CNK).
