Tuesday, December 1, 2020

Cinemark Holdings Inc. [CNK] stock Downgrade by B. Riley FBR analyst, price target now $13

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Cinemark Holdings Inc. [NYSE: CNK] price plunged by -6.00 percent to reach at -$1.09. A sum of 4112704 shares traded at recent session while its average daily volume was at 5.58M shares. Cinemark Holdings Inc. shares reached a high of $18.74 and dropped to a low of $16.79 until finishing in the latest session at $17.07.

The one-year CNK stock forecast points to a potential upside of 13.79. The average equity rating for CNK stock is currently 2.20, trading closer to a bullish pattern in the stock market.


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Guru’s Opinion on Cinemark Holdings Inc. [CNK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNK shares is $19.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNK stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley FBR have made an estimate for Cinemark Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 18, 2020. The new note on the price target was released on April 23, 2020, representing the official price target for Cinemark Holdings Inc. stock. Previously, the target price had yet another raise from $14 to $16, while B. Riley FBR kept a Buy rating on CNK stock. On April 14, 2020, analysts decreased their price target for CNK shares from 32 to 19.

The Average True Range (ATR) for Cinemark Holdings Inc. is set at 1.53, with the Price to Sales ratio for CNK stock in the period of the last 12 months amounting to 0.61. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 4.30.

CNK Stock Performance Analysis:

Cinemark Holdings Inc. [CNK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.47. With this latest performance, CNK shares gained by 25.70% in over the last four-week period, additionally sinking by -50.28% over the last 6 months – not to mention a drop of -54.35% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNK stock in for the last two-week period is set at 58.78, with the RSI for the last a single of trading hit 56.23, and the three-weeks RSI is set at 55.46 for Cinemark Holdings Inc. [CNK]. The present Moving Average for the last 50 days of trading for this stock 13.43, while it was recorded at 17.85 for the last single week of trading, and 27.38 for the last 200 days.

Insight into Cinemark Holdings Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Cinemark Holdings Inc. [CNK] shares currently have an operating margin of +12.41 and a Gross Margin at +17.69. Cinemark Holdings Inc.’s Net Margin is presently recorded at +5.79.

Return on Total Capital for CNK is now 9.79, given the latest momentum, and Return on Invested Capital for the company is 4.74. Return on Equity for this stock inclined to 13.21, with Return on Assets sitting at 3.69. When it comes to the capital structure of this company, Cinemark Holdings Inc. [CNK] has a Total Debt to Total Equity ratio set at 235.08. Additionally, CNK Total Debt to Total Capital is recorded at 70.16, with Total Debt to Total Assets ending up at 57.91. Long-Term Debt to Equity for the company is recorded at 218.40, with the Long-Term Debt to Total Capital now at 65.18.

Reflecting on the efficiency of the workforce at the company, Cinemark Holdings Inc. [CNK] managed to generate an average of $8,646 per employee. Receivables Turnover for the company is 35.27 with a Total Asset Turnover recorded at a value of 0.64.Cinemark Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.

CNK Stock EPS

With the latest financial reports released by the company, Cinemark Holdings Inc. posted 0.86/share EPS, while the average EPS was predicted by analysts to be reported at 0.78/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cinemark Holdings Inc. go to 2.57%.

Cinemark Holdings Inc. [CNK] Insider Position Details

There are presently around $2,165 million, in the hands of institutional investors. The top three institutional holders of CNK stocks are: BLACKROCK INC. with ownership of 12,349,675, which is approximately -6.159% of the company’s market cap and around 5.80% of the total institutional ownership; VANGUARD GROUP INC, holding 10,344,455 shares of the stock with an approximate value of $187.85 million in CNK stocks shares; and ARROWMARK COLORADO HOLDINGS LLC, currently with $149.01 million in CNK stock with ownership of nearly 42.978% of the company’s market capitalization.

136 institutional holders increased their position in Cinemark Holdings Inc. [NYSE:CNK] by around 27,523,081 shares. Additionally, 219 investors decreased positions by around 38,872,364 shares, while 38 investors held positions by with 52,844,376 shares. The mentioned changes placed institutional holdings at 119,239,821 shares, according to the latest SEC report filing. CNK stock had 44 new institutional investments in for a total of 10,585,196 shares, while 117 institutional investors sold positions of 15,930,755 shares during the same period.

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