Wedbush has recently reduced Cinemark Holdings, Inc. (CNK) stock to Neutral rating, as announced on November 1, 2024, according to Finviz. Earlier, on October 31, 2024, Barrington Research had raised the stock from a Mkt Perform to Outperform, setting a price target of $36. Barrington Research also reduced Mkt Perform rating. Additionally, B. Riley Securities reduced Neutral rating on August 27, 2024, with a target price of $31. Barrington Research analysts, in their report published on August 5, 2024, also reiterated Outperform rating and set a price target of $24 for Cinemark Holdings, Inc.’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Cinemark Holdings, Inc. (CNK) Stock Trading Recap
On Monday, Cinemark Holdings, Inc. (CNK) stock saw a modest uptick, ending the day at $29.15 which represents a slight increase of $0.52 or 1.82% from the prior close of $28.63. The stock opened at $28.45 and touched a low of $28.32 during the day, reaching a high of $29.26. The volume of shares traded was 5.05 million exceeding the average volume of 2.28 million.
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CNK Stock Performance and Moving Averages
In recent trading, Cinemark Holdings, Inc. (CNK) stock price has shown some volatility, fluctuating 1.50% over the last five trades and -5.91% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 26.25%, and it has plunged by -4.36% in the previous three months. Currently, CNK is trading at -0.86%, -7.11%, and 13.31% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CNK, a Communication Services sector stock, is trading -19.65% below its 52-week high but remains 116.73% above its 52-week low. The Average True Range (ATR) (14 days) of 0.83 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Cinemark Holdings, Inc.’s Profitability and Valuation Ratios
Cinemark Holdings, Inc.’s profitability metrics reveal financial health. The company currently boasts an operating margin of 10.15% and a profit margin of 8.20%, with a gross margin of 26.25%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Cinemark Holdings, Inc.’s market capitalization stands at $3.57 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 18.74, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 15.19. Additionally, the Price-to-Sales Ratio is 1.24, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 6.39, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 10.48% of Cinemark Holdings, Inc. (CNK)’s shares, while financial institutions hold 124.93%.
Notable insider trades include Thomas Melissa, EVP, Chief Financial Officer at Cinemark Holdings, Inc. (CNK), who sold 14400 shares on Dec 16 ’24, at $32.01 each, totaling $0.46 million. On Dec 06 ’24, Gamble Sean, Chief Executive Officer, sold 127672 shares for $34.85 each, amounting to $4.45 million. Additionally, on Dec 05 ’24, Cavalier Michael sold 25100 shares at $35.57 each, generating $0.89 million.