Cinemark Holdings Inc (CNK) saw an uptrend of 1.98% in the recent trading with $25.3 being its most recent. The current price level -30.26% lower than the highest price of $36.28 marked by the stock while trading over the past 52-weeks, whereas it is 9.43% higher than the lowest price of $23.12 the company dropped to over past 52-weeks. The latest news story on CNK appeared in (Zacks) under the title “Do Options Traders Know Something About Cinemark Stock We Don’t?”.
Looking into the simple moving average, Cinemark Holdings Inc (CNK)’s stock stands at a SMA-50 of $29.80 while that of 5-day is reading $25.10.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CNK’s SMA-200 as of now is $29.64.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 16 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.62 for the stock.
Cinemark Holdings Inc Earnings – What Happened With CNK
Coming around sales and income figures on CNK Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Cinemark Holdings Inc (CNK) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 99.94% for net revenue.
CNK – Cinemark Holdings Inc Stock Earnings Estimates
The perspective of Cinemark Holdings Inc (NYSE:CNK)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.6 for stock’s EPS in the current quarter. Cinemark Holdings Inc (CNK) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 99.94% for net revenue. Company’s EPS for the last quarter was 1.19.
Cinemark Holdings Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 115.04 million. CNK does have institutional investors; and they hold 121.14% of the stock.
As on 2024-06-30, BLACKROCK INC. was the top most holder in Cinemark Holdings Inc (NYSE:CNK) with an ownership of 16.28 million shares of the company or 13.5759 of the stake worth $351.92 million. The filing also reveals ORBIS ALLAN GRAY LTD as the second largest holder in the company with a control over 11.1518 of the outstanding shares. Its stake is worth $289.08 million for having 13.37 million shares in hand.
WELLINGTON MANAGEMENT GROUP LLP also came holding a key position in the company during the recent quarter and it now holds 11.0596 of the outstanding shares. With this there are now 398.0 institutions which have possession in CNK’s shares.
Key Metrics forCNK
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Cinemark Holdings Inc has a debt to equity ratio of 7.72.
