Cinemark Holdings Inc. [CNK] Is Currently 1.14 below its 200 Period Moving Avg: What Does This Mean?

Cinemark Holdings Inc. [NYSE: CNK] gained 1.14% or 0.12 points to close at $10.61 with a heavy trading volume of 3894660 shares.


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It opened the trading session at $10.30, the shares rose to $10.68 and dropped to $10.055, the range by which the price of stock traded the whole day. The daily chart for CNK points out that the company has recorded -29.69% loss over the past six months. However, it is still -16.98% lower than its most recent low trading price.

If we look at the average trading volume of 2.96M shares, CNK reached to a volume of 3894660 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 $16.42 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.

B. Riley Securities have made an estimate for Cinemark Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 12, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $25 to $9. The new note on the price target was released on October 12, 2022, representing the official price target for Cinemark Holdings Inc. stock. Previously, the target price had yet another raise to $22, while Morgan Stanley analysts kept a Overweight rating on CNK stock. On November 09, 2021, analysts increased their price target for CNK shares from 16 to 25.

The Average True Range (ATR) for Cinemark Holdings Inc. is set at 0.59, with the Price to Sales ratio for CNK stock in the period of the last 12 months amounting to 0.53. The Price to Book ratio for the last quarter was 6.03, with the Price to Cash per share for the same quarter was set at 6.01. Price to Free Cash Flow for CNK in the course of the last twelve months was 9.41 with Quick ratio for the last quarter at 1.20.

Trading performance analysis for CNK stock

Cinemark Holdings Inc. [CNK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.51. With this latest performance, CNK shares dropped by -13.95% in over the last four-week period, additionally sinking by -29.69% over the last 6 months – not to mention a drop of -49.06% 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 45.80, with the RSI for the last a single of trading hit 52.43, and the three-weeks RSI is set at 42.17 for Cinemark Holdings Inc. [CNK]. The present Moving Average for the last 50 days of trading for this stock 12.04, while it was recorded at 10.65 for the last single week of trading, and 15.32 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 -14.87 and a Gross Margin at -4.21. Cinemark Holdings Inc.’s Net Margin is presently recorded at -27.59.

Return on Equity for this stock declined to -75.03, with Return on Assets sitting at -7.72.

Cinemark Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

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 10.00%.

An analysis of insider ownership at Cinemark Holdings Inc. [CNK]

There are presently around $1,252 million, in the hands of institutional investors. The top three institutional holders of CNK stocks are: BLACKROCK INC. with ownership of 18,258,910, which is approximately -2.905% of the company’s market cap and around 1.50% of the total institutional ownership; VANGUARD GROUP INC, holding 12,449,000 shares of the stock with an approximate value of $132.08 million in CNK stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $118.16 million in CNK stock with ownership of nearly 3.106% of the company’s market capitalization.

Positions in Cinemark Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 110 institutional holders increased their position in Cinemark Holdings Inc. [NYSE:CNK] by around 15,142,725 shares. Additionally, 110 investors decreased positions by around 5,981,441 shares, while 36 investors held positions by with 96,894,730 shares. The mentioned changes placed institutional holdings at 118,018,896 shares, according to the latest SEC report filing. CNK stock had 33 new institutional investments in for a total of 2,598,488 shares, while 28 institutional investors sold positions of 677,763 shares during the same period.

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