On May 19, 2023, Cinemark Holdings Inc. (NYSE: CNK) opened at $17.16, lower -0.88% from the last session. During the day, the shares moved up to $17.16 and dropped to $16.57 before settling in for the closing price of $17.00. Price fluctuations for CNK have ranged from $8.28 to $19.76 over the past 52 weeks.
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Annual sales at Communication Services sector company slipped by -3.90% over the past five years. Company’s average yearly earnings per share was noted 36.30% at the time writing. With a float of $108.30 million, this company’s outstanding shares have now reached $118.80 million.
Let’s look at the performance matrix of the company that is accounted for 8340 employees. In terms of profitability, gross margin is +10.37, operating margin of +3.14, and the pretax margin is -10.80.
Cinemark Holdings Inc. (CNK) Insider Updates
A key investor’s attitude towards the stock of the Entertainment industry is another important factor to consider. The insider ownership of Cinemark Holdings Inc. is 0.90%, while institutional ownership is 106.92%. The most recent insider transaction that took place on Dec 09, was worth 437,123. In this transaction Director of this company sold 35,054 shares at a rate of $12.47, taking the stock ownership to the 46,609 shares.
Cinemark Holdings Inc. (CNK) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted -$0.03 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.3) by $0.27. This company achieved a net margin of -10.89 while generating a return on equity of -123.48. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 36.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to -26.20% drop over the previous five years of trading.
Cinemark Holdings Inc. (NYSE: CNK) Trading Performance Indicators
Check out the current performance indicators for Cinemark Holdings Inc. (CNK). In the past quarter, the stock posted a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.79. Likewise, its price to free cash flow for the trailing twelve months is 14.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.67, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 1.29 in one year’s time.
Technical Analysis of Cinemark Holdings Inc. (CNK)
Cinemark Holdings Inc. (NYSE: CNK) saw its 5-day average volume 1.98 million, a negative change from its year-to-date volume of 2.94 million. As of the previous 9 days, the stock’s Stochastic %D was 63.89%. Additionally, its Average True Range was 0.65.
During the past 100 days, Cinemark Holdings Inc.’s (CNK) raw stochastic average was set at 93.25%, which indicates a significant increase from 58.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.25% in the past 14 days, which was lower than the 46.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.37, while its 200-day Moving Average is $13.10. Nevertheless, the first resistance level for the watch stands at $17.15 in the near term. At $17.45, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.74. If the price goes on to break the first support level at $16.56, it is likely to go to the next support level at $16.27. Assuming the price breaks the second support level, the third support level stands at $15.97.
Cinemark Holdings Inc. (NYSE: CNK) Key Stats
There are currently 121,579K shares outstanding in the company with a market cap of 2.07 billion. Presently, the company’s annual sales total 2,455 M according to its annual income of -271,200 K. Last quarter, the company’s sales amounted to 610,700 K and its income totaled -3,100 K.
