The price of Cinemark Holdings Inc (NYSE:CNK) shares last traded on Wall Street fell -0.11% to $18.85.
CNK stock price is now 23.57% away from the 50-day moving average and 17.67% away from the 200-day moving average. The market capitalization of the company currently stands at $2.29B.
With the price target reduced from $23 to $15, B. Riley Securities Downgraded its rating from Buy to Neutral for Cinemark Holdings Inc (NYSE: CNK). On December 20, 2023, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $16 to quote $13, while ‘ROTH MKM’ rates the stock as ‘Neutral’
In other news, Gierhart Wanda Marie, Chief Marketing & Content Ofc sold 19,593 shares of the company’s stock on Feb 28 ’24. The stock was sold for $328,183 at an average price of $16.75. Upon completion of the transaction, the Chief Marketing & Content Ofc now directly owns 179,591 shares in the company, valued at $3.39 million. A total of 10.72% of the company’s stock is owned by insiders.
During the past 12 months, Cinemark Holdings Inc has had a low of $12.07 and a high of $19.85. As of last week, the company has a debt-to-equity ratio of 11.47, a current ratio of 1.45, and a quick ratio of 1.42. According to the stock market information, the enterprise value for the company is $5.00B, which is based on a 15.25 price-to-earnings ratio, a 1.52 price-to-earnings-growth ratio, and a beta of 2.28. The fifty day moving average price for CNK is $15.35 and a two-hundred day moving average price translates $16.03 for the stock.
The latest earnings results from Cinemark Holdings Inc (NYSE: CNK) was released for Dec, 2023. According to the Entertainment Company, earnings per share came in at -$0.15, missing analysts’ expectations of -$0.13 by -0.02. This compares to -$0.83 EPS in the same period last year. The net profit margin was 6.01% and return on equity was 87.81% for CNK. The company reported revenue of $638.9 million for the quarter, compared to $599.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.54 percent. For the current quarter, analysts expect CNK to generate $533.7M in revenue.
Cinemark Holdings Inc(CNK) Company Profile
Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc. was founded in 1984 and is headquartered in Plano, Texas.
