Cinemark Holdings Inc (NYSE: CNK) on Monday, soared 1.33% from the previous trading day, before settling in for the closing price of $27.80. Within the past 52 weeks, CNK’s price has moved between $13.19 and $27.88.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 26.07%. The company achieved an average annual earnings per share of -3.91%. With a float of $109.27 million, this company’s outstanding shares have now reached $121.60 million.
Let’s determine the extent of company efficiency that accounts for 17500 employees. In terms of profitability, gross margin is 30.09%, operating margin of 9.7%, and the pretax margin is 4.9%.
Cinemark Holdings Inc (CNK) Insider Activity
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of Cinemark Holdings Inc is 10.72%, while institutional ownership is 128.73%. The most recent insider transaction that took place on Aug 19 ’24, was worth 679,750. In this transaction Pr – Cinemark International of this company sold 25,000 shares at a rate of $27.19, taking the stock ownership to the 204,729 shares. Before that another transaction happened on Aug 19 ’24, when Company’s Officer proposed sale 25,000 for $27.20, making the entire transaction worth $679,878.
Cinemark Holdings Inc (CNK) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.61 earnings per share (EPS) for the period topping the consensus outlook (set at 0.42) by 0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.43 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.91% 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 -6.07% drop over the previous five years of trading.
Cinemark Holdings Inc (NYSE: CNK) Trading Performance Indicators
Cinemark Holdings Inc (CNK) is currently performing well based on its current performance indicators. A quick ratio of 1.26 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.22. Likewise, its price to free cash flow for the trailing twelve months is 16.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.98, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 1.74 in one year’s time.
Technical Analysis of Cinemark Holdings Inc (CNK)
Looking closely at Cinemark Holdings Inc (NYSE: CNK), its last 5-days average volume was 2.0 million, which is a drop from its year-to-date volume of 3.02 million. As of the previous 9 days, the stock’s Stochastic %D was 96.36%. Additionally, its Average True Range was 0.75.
During the past 100 days, Cinemark Holdings Inc’s (CNK) raw stochastic average was set at 99.75%, which indicates a significant increase from 98.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.32% in the past 14 days, which was lower than the 35.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.12, while its 200-day Moving Average is $17.90. However, in the short run, Cinemark Holdings Inc’s stock first resistance to watch stands at $28.36. Second resistance stands at $28.56. The third major resistance level sits at $28.91. If the price goes on to break the first support level at $27.81, it is likely to go to the next support level at $27.46. Should the price break the second support level, the third support level stands at $27.26.
Cinemark Holdings Inc (NYSE: CNK) Key Stats
Market capitalization of the company is 3.45 billion based on 122,346K outstanding shares. Right now, sales total 3,067 M and income totals 188,200 K. The company made 734,200 K in profit during its latest quarter, and 45,800 K in sales during its previous quarter.
