The stock of Cinemark Holdings Inc (NYSE:CNK) last traded at $19.77, up 5.38% from the previous session.
CNK stock price is now 19.34% away from the 50-day moving average and 22.94% away from the 200-day moving average. The market capitalization of the company currently stands at $2.40B.
With the price target enhanced from $13 to $23, Wells Fargo Upgraded its rating from Underweight to Overweight for Cinemark Holdings Inc (NYSE: CNK). On January 02, 2024, B. Riley Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $23 to quote $15, while ‘Wells Fargo’ rates the stock as ‘Underweight’
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 $3.55 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 $13.19 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 $5.12B, which is based on a 15.99 price-to-earnings ratio, a 1.60 price-to-earnings-growth ratio, and a beta of 2.26. The fifty day moving average price for CNK is $16.68 and a two-hundred day moving average price translates $16.10 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 $537.9M in revenue.
