Cinemark Holdings Inc (NYSE:CNK) shares, rose in value, with the stock price up by 4.68% to the previous day’s close as strong demand from buyers drove the stock to $28.63.
Actively observing the price movement in the last trading, the stock closed the session at $27.35, falling within a range of $27.4 and $29.15. The value of beta (5-year monthly) was 2.378 whereas the PE ratio was 29.30 over 12-month period. Referring to stock’s 52-week performance, its high was $29.07, and the low was $13.19. On the whole, CNK has fluctuated by 1.42% over the past month.
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With the market capitalization of Cinemark Holdings Inc currently standing at about $3.50 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-01.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.99B, with a low estimate of 812M and a high estimate of 929.11M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 864.29M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CNK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of CNK currently trading nearly 3.27% and 4.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.11, while the 7-day volatility ratio is showing 3.26% which for the 30-day chart, stands at 2.69%. Furthermore, Cinemark Holdings Inc (CNK)’s beta value is 2.38, and its average true range (ATR) is 0.80.
A comparison of Cinemark Holdings Inc (CNK) with its peers suggests the former has fared considerably weaker in the market. CNK showed an intraday change of 4.68% in last session, and over the past year, it grew by 51.56%%.
Data on historical trading for Cinemark Holdings Inc (NYSE:CNK) indicates that the trading volumes over the past 10 days have averaged 2.04 and over the past 3 months, they’ve averaged 2.63 million. According to company’s latest data on outstanding shares, there are 121.60 million shares outstanding.
Nearly 10.72% of Cinemark Holdings Inc’s shares belong to company insiders and institutional investors own 123.95% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.4 million shares as on 2024-09-30, resulting in a short ratio of 9.25. According to the data, the short interest in Cinemark Holdings Inc (CNK) stood at 3403.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 21.62 million. The stock has risen by 103.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CNK stock heading into the next quarter.
