Why Cinemark Holdings Inc (NYSE: CNK) At $18.03 Is Worth Your Money?

Cinemark Holdings Inc (NYSE:CNK) does about 3.10M shares in volume on a normal day but saw 4327092 shares change hands in Monday’s trading. The company now has a market cap of 2.21B USD. Its current market price is $18.03, marking an increase of 4.95% compared to the previous close of $17.18. The 52 week high reached by this stock is $20.40 whilst the lowest price level in 52 weeks is $13.19.

Cinemark Holdings Inc (CNK) has a 20-day trading average at $17.64 and the current price is -11.62% off the 52-week high compared with 36.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $17.93 and its 200-day simple moving average is $16.34. If we look at the stock’s price movements over the week, volatility stands at 3.29%, which increases to 3.50% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.17 to suggest the stock is neutral.

The consensus objective for the share price is $20.45, suggesting that the stock has a potential upside of 11.83% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 05, 2024 when Wells Fargo upgraded the stock to “Overweight” and issued a price target of between $13 and $23. B. Riley Securities downgraded the stock to “Neutral” from Buy on January 02, 2024 at a price target of $23-$15. Wells Fargo downgraded its price target at $16-$13.

Cinemark Holdings Inc (CNK) stock is up 6.00% over the week and 1.35% over the past month. Its price is 27.96% year-to-date and 9.47% over the past year.

To reach the target analysts have set, the stock logically needs to grow 11.83 percent from here.

The company has a return on investment of 5.80% and return on equity of 96.25%. The price to earnings ratio (P/E ratio) amounts to 12.40 while the forward price to earnings ratio is 10.85. The beta has a value of 2.28. Price to book ratio is 6.76 and price to sales ratio is 0.73.