Cinemark Holdings Inc (NYSE:CNK) traded at $17.48 at close of the session on Tuesday, May 21, made a downward move of -1.13% on its previous day’s price.
Looking at the stock we see that its previous close was $17.68 . The company has a trailing 12-month PE ratio of 12.02. In terms of its 52-week price range, CNK has a high of $20.40 and a low of $13.19. The company’s stock has lost about -2.13% over that past 30 days.
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Cinemark Holdings Inc has a market cap of $2.14 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.21, with the EPS growth for the year raised at $1.11 for 2024 and $1.66 for next year. These figures represent -17.20% and 49.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $752.96 million, with a low of $655 million and a high of $819.09 million. The median projection represents growth adding up to -13.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $2.89 billion, or -5.70% down from figures reported last year.
There have been 1 upward and — downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CNK stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the CNK stock currently stands at 1.20, and the current price level is -0.95% off its SMA20 and -3.02% from its 50-day simple moving average. The RSI (14) is pointing at 46.21 while the volatility over the past week is 3.36% and jumps to 3.72% over the past one month. The beta value is 2.27, while the average true range (ATR) is currently pointing at 0.66.
Coming back to Cinemark Holdings Inc (NYSE:CNK), we note that the average 3-month trading volume was 3.00 million. Current shares outstanding are 121.60 million.
The insiders hold 10.75% of the company’s shares while institutions hold 121.24%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 24.06% up in year-to-date price movement.
