Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Cinemark Holdings Inc (NYSE: CNK) was $17.83 for the day, down -0.17% from the previous closing price of $17.86. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 2.31 million shares were traded. CNK stock price reached its highest trading level at $18.25 during the session, while it also had its lowest trading level at $17.75.
Ratios:
Our analysis of CNK’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.42 and its Current Ratio is at 1.45. In the meantime, Its Debt-to-Equity ratio is 11.47 whereas as Long-Term Debt/Eq ratio is at 10.71.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on April 05, 2024, Upgraded its rating to Overweight and sets its target price to $23 from $13 previously.
On January 02, 2024, B. Riley Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $23 to $15.
Wells Fargo Downgraded its Equal Weight to Underweight on December 20, 2023, whereas the target price for the stock was revised from $16 to $13.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 28 ’24 when Gierhart Wanda Marie sold 19,593 shares for $16.75 per share. The transaction valued at 328,183 led to the insider holds 179,591 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNK now has a Market Capitalization of 2181446912 and an Enterprise Value of 4832519680. As of this moment, Cinemark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.42, and their Forward P/E ratio for the next fiscal year is 11.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 7.00. Its current Enterprise Value per Revenue stands at 1.576 whereas that against EBITDA is 8.313.
Stock Price History:
Over the past 52 weeks, CNK has reached a high of $20.40, while it has fallen to a 52-week low of $13.19. The 50-Day Moving Average of the stock is 1.40%, while the 200-Day Moving Average is calculated to be 9.97%.
Shares Statistics:
CNK traded an average of 3.19M shares per day over the past three months and 2639170 shares per day over the past ten days. A total of 121.60M shares are outstanding, with a floating share count of 108.55M. Insiders hold about 10.72% of the company’s shares, while institutions hold 116.83% stake in the company. Shares short for CNK as of 1711584000 were 27919518 with a Short Ratio of 8.75, compared to 1709164800 on 26738534. Therefore, it implies a Short% of Shares Outstanding of 27919518 and a Short% of Float of 44.43.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.05.
