Cinemark Holdings Inc. [NYSE: CNK] loss -0.24% or -0.04 points to close at $16.48 with a heavy trading volume of 2319651 shares. The company report on December 20, 2021 that Score! Cinemark Teams Up with ESPN to Bring College Football Playoff Games to the Big Screen.
Cinemark to host in select theatre locations live viewings of the College Football Playoff Semifinals and National Championship, presented by ESPN.
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Cinemark Holdings, Inc., one of the world’s largest and most influential movie theatre companies, today announced it is teaming up with ESPN to bring some of college football’s most exciting and prestigious games to the big screen, only at Cinemark theatres. This postseason, fans can catch the College Football Playoff Semifinal at the Goodyear Cotton Bowl Classic, the College Football Playoff Semifinal at the Capital One Orange Bowl and the biggest game of all, the College Football Playoff National Championship, at select U.S. theatres.
It opened the trading session at $16.45, the shares rose to $16.97 and dropped to $16.41, the range by which the price of stock traded the whole day. The daily chart for CNK points out that the company has recorded -25.23% loss over the past six months. However, it is still -19.08% lower than its most recent low trading price.
If we look at the average trading volume of 3.37M shares, CNK reached to a volume of 2319651 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $24.27 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 2.50. 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.
Credit Suisse have made an estimate for Cinemark Holdings Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 09, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Equal Weight. The new note on the price target was released on October 22, 2021, representing the official price target for Cinemark Holdings Inc. stock. Previously, the target price had yet another drop from $21 to $19, while Goldman kept a Sell rating on CNK stock.
The Average True Range (ATR) for Cinemark Holdings Inc. is set at 0.85, with the Price to Sales ratio for CNK stock in the period of the last 12 months amounting to 2.08. The Price to Book ratio for the last quarter was 6.36, with the Price to Cash per share for the same quarter was set at 4.57.
Trading performance analysis for CNK stock
Cinemark Holdings Inc. [CNK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.90. With this latest performance, CNK shares gained by 6.19% in over the last four-week period, additionally sinking by -25.23% over the last 6 months – not to mention a drop of -7.31% 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 42.74, with the RSI for the last a single of trading hit 42.60, and the three-weeks RSI is set at 43.12 for Cinemark Holdings Inc. [CNK]. The present Moving Average for the last 50 days of trading for this stock 18.29, while it was recorded at 16.79 for the last single week of trading, and 19.40 for the last 200 days.
Cinemark Holdings Inc. [CNK]: A deeper dive into fundamental analysis
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 1.00 and a Current Ratio set at 1.00.
Cinemark Holdings Inc. [CNK]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Cinemark Holdings Inc. [CNK]
There are presently around $1,847 million, or 99.80% of CNK stock, in the hands of institutional investors. The top three institutional holders of CNK stocks are: BLACKROCK INC. with ownership of 19,466,824, which is approximately 19.469% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 11,227,973 shares of the stock with an approximate value of $185.49 million in CNK stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $171.58 million in CNK stock with ownership of nearly 0.14% of the company’s market capitalization.
112 institutional holders increased their position in Cinemark Holdings Inc. [NYSE:CNK] by around 22,845,878 shares. Additionally, 143 investors decreased positions by around 15,747,553 shares, while 32 investors held positions by with 73,194,916 shares. The mentioned changes placed institutional holdings at 111,788,347 shares, according to the latest SEC report filing. CNK stock had 29 new institutional investments in for a total of 5,709,655 shares, while 69 institutional investors sold positions of 5,637,503 shares during the same period.