Cinemark Holdings Inc (NYSE:CNK) currently has a daily average trading volume of 2.95M but it saw 2265696 shares traded in last market. With a market cap of 3.50B USD, the company’s current market price of $28.58 came rising about 3.07 while comparing to the previous closing price of $27.73. In past 52 weeks, the stock remained buoying in the range of price level as high as $28.43 and as low as $13.19. In the recent trading on the day, stock has struck highest price mark of $27.65 while lowest mark touched by it was $28.7.
Taking a look at 20-day trading activity of Cinemark Holdings Inc (CNK) gives us an average price of $27.23, while its current price level is 0.53% below from 52-week high level whereas it is 116.68% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $24.24 while that of 200 days or SMA-200 reads an average of $18.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.93% during that period while stretching the period over a month that decreases to 2.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 73.27 which implies that the stock is in overbought territory.
B. Riley Securities downgraded its recommendation for the stock as a “Neutral” from “Buy” on August 27, 2024 while assigning a price target of $31. Barrington Research issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $24 and $28.
Over the week, CNK’s stock price is moving 3.18% up while it is 9.08% when we observe its performance for the past one month. Year-to-date it is 102.84% up and over the past year, the stock is showing an upside performance of 70.32%.
Currently, Cinemark Holdings Inc’s total number of outstanding shares is 121.60M. Company’s return on investment (ROI) stands at 3.94% and return on equity (ROE) at 45.86%. It has a price to earnings ratio (P/E ratio) of 29.25 while having a 16.41 of forward P/E ratio. Stock’s beta reads 2.36. Stock has a price to book (P/B) ratio of 9.56 while price to sale or P/S ratio amounts to 1.24. Its return on asset (ROA) is 2.91% on average.
