Cinemark Holdings Inc [NYSE: CNK] price surged by 1.00 percent to reach at $0.27.
The one-year CNK stock forecast points to a potential downside of -2.39. The average equity rating for CNK stock is currently 1.73, 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 $26.73 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 1.73. 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.
Barrington Research have made an estimate for Cinemark Holdings Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 05, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price from $16 to $27. The new note on the price target was released on July 08, 2024, representing the official price target for Cinemark Holdings Inc stock. Previously, the target price had yet another raise from $19 to $26, while ROTH MKM kept a Buy rating on CNK stock. On April 05, 2024, analysts increased their price target for CNK shares from 13 to 23.
The Average True Range (ATR) for Cinemark Holdings Inc is set at 0.82, with the Price to Sales ratio for CNK stock in the period of the last 12 months amounting to 1.18. The Price to Book ratio for the last quarter was 9.16, 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 15.70 with Quick ratio for the last quarter at 1.26.
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 3.83. With this latest performance, CNK shares gained by 23.01% in over the last four-week period, additionally plugging by 67.91% over the last 6 months – not to mention a rise of 55.16% 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 75.18, with the RSI for the last a single of trading hit 76.21, and the three-weeks RSI is set at 73.79 for Cinemark Holdings Inc [CNK]. The present Moving Average for the last 50 days of trading for this stock 22.51, while it was recorded at 26.97 for the last single week of trading, and 17.72 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 1.26 and a Current Ratio set at 1.29.
CNK Stock EPS
With the latest financial reports released by the company, Cinemark Holdings Inc posted 0.61/share EPS, while the average EPS was predicted by analysts to be reported at 0.42/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.19. 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
There are presently around $119.00%, or 133.27%% of CNK stock, in the hands of institutional investors. The top three institutional holders of CNK stocks are: BLACKROCK INC. with ownership of 16.28 million shares, which is approximately 13.5759%. ORBIS ALLAN GRAY LTD, holding 13.37 million shares of the stock with an approximate value of $$289.08 million in CNK stocks shares; and ORBIS ALLAN GRAY LTD, currently with $$286.69 million in CNK stock with ownership which is approximately 11.0596%.
