In the last trading session, 1,050,000,000 shares of the Cinemark Holdings, Inc. (NYSE:CNK) were traded, and its beta was 2.63. Most recently the company’s share price was $23.45, and it changed around $0.42 or 0.02% from the last close, which brings the market valuation of the company to $2.8 Billion. CNK currently trades at a discount to its 52-week high of $27.85, offering almost -18.76% off that amount. The share price’s 52-week low was $7.56, which indicates that the current value has risen by an impressive 67.76% since then. We note from Cinemark Holdings, Inc.’s average daily trading volume that its 10-day average is 3.02 Million shares, with the 3-month average coming to 5.19 Million.
Cinemark Holdings, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.4. If we narrow it down even further, the data shows that none out of 11 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 6 recommended CNK as a Hold, whereas 5 deemed it a Buy, and no one rated it as Underweight. Cinemark Holdings, Inc. is expected to report earnings per share of -$1.46 for the current quarter.
Cinemark Holdings, Inc. (NYSE:CNK): Trading Information
Instantly CNK has showed a green trend with a performance of 1.82% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $23.70 on Tuesday, Apr 06 increased the stock’s daily price by 1.05%. The company’s shares are currently up 0.35% year-to-date, but still up 0.1672 over the last five days. On the other hand, Cinemark Holdings, Inc. (NYSE:CNK) is -0.03% down in the 30-day period. We can see from the shorts that 22.24 Million shares have been sold at a short interest cover period of 4.29 day (s).
The consensus price target as assigned by Wall Street analysts is $24.36, which translates to bears needing to increase their stock price by 3.88% from its current value. Analyst projections state that CNK is forecast to be at a low of $16 and a high of $32. In order for the stock price to hit the forecast high, the stock would need to surge +36.46% from its current level, while the stock would need to crash -31.77% from its current level to reach the projected low.
Cinemark Holdings, Inc. (CNK) projections and forecasts
Cinemark Holdings, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +132.41 percent over the past six months and at a -38.1% annual growth rate that is well below the industry average of 31.8%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -186.3% in revenue this quarter, and will report an increase of 22.1% in the next quarter. The year-over-year growth rate is expected to be 118.8%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $96.44 Million in revenue for the current quarter. 11 analysts expect Cinemark Holdings, Inc. to make $253.32 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarter a year ago was $543.62 Million. Analysts predict that the company’s current quarter sales will drop, forecast at -82.3%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -41.5%. Cinemark Holdings, Inc. earnings are expected to decrease by -520.4% in 2021, but the outlook is positive 4% per year for the next five years.
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Cinemark Holdings, Inc. (NYSE:CNK)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 10.97% of Cinemark Holdings, Inc. shares, and 94.76% of them are in the hands of institutional investors. The stock currently has a share float of 106.44%. Cinemark Holdings, Inc. stock is held by 339 institutions, with FMR, LLC being the largest institutional investor. By Dec 30, 2020, it held 12.67% of the shares, which is about 15.02 Million shares worth $261.52 Million.
Blackrock Inc., with 10.36% or 12.28 Million shares worth $213.88 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Explorer Fund, Inc. and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Oct 30, 2020. The former held 4119884 shares worth $33.74 Million, making up 3.47% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.84 Million shares worth around $49.45 Million, which represents about 2.39% of the total shares outstanding.