Cinemark Holdings Inc [NYSE: CNK] stock went on an upward path that rose over 3.23% on Tuesday, amounting to a one-week price increase of more than 11.80%.
Over the last 12 months, CNK stock rose by 32.22%. The one-year Cinemark Holdings Inc stock forecast points to a potential downside of -1.56. The average equity rating for CNK stock is currently 1.91, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $2.62 billion, with 121.60 million shares outstanding and 109.21 million shares in the current float. Compared to the average trading volume of 2.92M shares, CNK stock reached a trading volume of 4023380 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 $21.09 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 1.91. 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.
ROTH MKM have made an estimate for Cinemark Holdings Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 24, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $13 to $23. The new note on the price target was released on April 05, 2024, representing the official price target for Cinemark Holdings Inc stock. Previously, the target price had yet another drop from $23 to $15, while B. Riley Securities kept a Neutral rating on CNK stock. On December 20, 2023, analysts decreased their price target for CNK shares from 16 to 13.
The Average True Range (ATR) for Cinemark Holdings Inc is set at 0.71, with the Price to Sales ratio for CNK stock in the period of the last 12 months amounting to 0.86. The Price to Book ratio for the last quarter was 8.03, with the Price to Cash per share for the same quarter was set at 6.45. Price to Free Cash Flow for CNK in the course of the last twelve months was 9.82 with Quick ratio for the last quarter at 1.45.
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 11.80. With this latest performance, CNK shares gained by 20.68% in over the last four-week period, additionally plugging by 48.03% over the last 6 months – not to mention a rise of 32.22% 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 78.18, with the RSI for the last a single of trading hit 84.76, and the three-weeks RSI is set at 72.81 for Cinemark Holdings Inc [CNK]. The present Moving Average for the last 50 days of trading for this stock 17.84, while it was recorded at 20.16 for the last single week of trading, and 16.48 for the last 200 days.
Insight into Cinemark Holdings Inc Fundamentals:
Cinemark Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.45 and a Current Ratio set at 1.48.
CNK Stock EPS
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%.
Cinemark Holdings Inc [CNK] Institutonal Ownership Details
The top three institutional holders of CNK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CNK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CNK stock with ownership which is approximately 5.8386%.
