Cinemark Holdings Inc. [CNK] Stock trading around $23.07 per share: What’s Next?

Cinemark Holdings Inc. [NYSE: CNK] stock went on a downward path that fall over -7.61% on Thursday, amounting to a one-week price decrease of less than -0.69%. The company report on June 2, 2021 that Cinemark USA, Inc. Announces Pricing of $765 Million Senior Notes.

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Cinemark Holdings, Inc. (NYSE:CNK) announced that its wholly-owned subsidiary, Cinemark USA, Inc. (“Cinemark USA”), priced a private offering (the “Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $765 million aggregate principal amount of its 5.25% Senior Notes due 2028 (the “Notes”) at the initial offering price of 100.000% of the principal amount plus accrued and unpaid interest from June 15, 2021. The Offering is expected to close on June 15, 2021, subject to customary closing conditions.

The Notes will be guaranteed by certain of Cinemark USA’s subsidiaries that guarantee, assume or in any other manner become liable with respect to any of Cinemark USA’s or any guarantor’s other debt. The Notes and the guarantees will be Cinemark USA’s and the guarantors’ senior unsecured obligations and will rank equally in right of payment with Cinemark USA’s and the guarantors’ existing and future senior debt. Cinemark USA intends to use the net proceeds of the proposed Offering, together with cash on hand, to redeem all of Cinemark USA’s outstanding 4.875% Senior Notes due 2023 and to pay fees and expenses related to the Offering and the redemption. This press release does not constitute a redemption notice for any securities.

Over the last 12 months, CNK stock rose by 41.19%. The one-year Cinemark Holdings Inc. stock forecast points to a potential upside of 7.05. The average equity rating for CNK stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $2.92 billion, with 117.18 million shares outstanding and 106.40 million shares in the current float. Compared to the average trading volume of 3.40M shares, CNK stock reached a trading volume of 6066389 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $24.82 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 2.40. 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.

Goldman have made an estimate for Cinemark Holdings Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on June 02, 2021. The new note on the price target was released on March 01, 2021, representing the official price target for Cinemark Holdings Inc. stock. Previously, the target price had yet another raise to $22, while MKM Partners analysts kept a Neutral rating on CNK stock.

The Average True Range (ATR) for Cinemark Holdings Inc. is set at 1.30, with the Price to Sales ratio for CNK stock in the period of the last 12 months amounting to 11.35. The Price to Book ratio for the last quarter was 5.27, with the Price to Cash per share for the same quarter was set at 4.06.

CNK Stock Performance Analysis:

Cinemark Holdings Inc. [CNK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.69. With this latest performance, CNK shares gained by 4.67% in over the last four-week period, additionally plugging by 41.79% over the last 6 months – not to mention a rise of 41.19% 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 52.83, with the RSI for the last a single of trading hit 51.62, and the three-weeks RSI is set at 52.93 for Cinemark Holdings Inc. [CNK]. The present Moving Average for the last 50 days of trading for this stock 21.89, while it was recorded at 23.82 for the last single week of trading, and 17.27 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 -86.09 and a Gross Margin at -67.49. Cinemark Holdings Inc.’s Net Margin is presently recorded at -89.25.

Return on Total Capital for CNK is now -12.43, given the latest momentum, and Return on Invested Capital for the company is -13.61. Return on Equity for this stock declined to -55.09, with Return on Assets sitting at -10.76. When it comes to the capital structure of this company, Cinemark Holdings Inc. [CNK] has a Total Debt to Total Equity ratio set at 492.78. Additionally, CNK Total Debt to Total Capital is recorded at 83.13, with Total Debt to Total Assets ending up at 69.80. Long-Term Debt to Equity for the company is recorded at 461.93, with the Long-Term Debt to Total Capital now at 77.93.

Reflecting on the efficiency of the workforce at the company, Cinemark Holdings Inc. [CNK] managed to generate an average of -$34,030 per employee. Receivables Turnover for the company is 4.93 with a Total Asset Turnover recorded at a value of 0.12.Cinemark Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.30.

CNK Stock EPS

With the latest financial reports released by the company, Cinemark Holdings Inc. posted -1.45/share EPS, while the average EPS was predicted by analysts to be reported at -1.62/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.50%. 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 4.00%.

Cinemark Holdings Inc. [CNK] Insider Position Details

There are presently around $2,471 million, or 91.60% of CNK stock, in the hands of institutional investors. The top three institutional holders of CNK stocks are: BLACKROCK INC. with ownership of 13,073,113, which is approximately 6.418% of the company’s market cap and around 6.10% of the total institutional ownership; VANGUARD GROUP INC, holding 9,606,673 shares of the stock with an approximate value of $221.63 million in CNK stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $220.75 million in CNK stock with ownership of nearly -7.882% of the company’s market capitalization.

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Positions in Cinemark Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 128 institutional holders increased their position in Cinemark Holdings Inc. [NYSE:CNK] by around 20,392,165 shares. Additionally, 127 investors decreased positions by around 23,773,320 shares, while 41 investors held positions by with 62,951,916 shares. The mentioned changes placed institutional holdings at 107,117,401 shares, according to the latest SEC report filing. CNK stock had 58 new institutional investments in for a total of 7,088,434 shares, while 42 institutional investors sold positions of 4,129,380 shares during the same period.

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