Cinemark Holdings Inc. (NYSE:CNK) has a beta value of 2.59 and has seen 2,496,401 shares traded in the last trading session. The company, currently valued at $2.65 Billion, closed the last trade at $22.14 per share which meant it gained $0.94 on the day or 4.43% during that session. The CNK stock price is -25.79% off its 52-week high price of $27.85 and 65.85% above the 52-week low of $7.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.02 Million shares traded. The 3-month trading volume is 5.19 Million shares.
The consensus among analysts is that Cinemark Holdings Inc. (CNK) is an Overweight stock at the moment, with a recommendation rating of 2.4. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 7 out of 12 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$1.46.
Cinemark Holdings Inc. (NYSE:CNK) trade information
Sporting 4.43% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the CNK stock price touched $22.97- or saw a rise of 3.61%. Year-to-date, Cinemark Holdings Inc. shares have moved 27.17%, while the 5-day performance has seen it change -0.63%. Over the past 30 days, the shares of Cinemark Holdings Inc. (NYSE:CNK) have changed 2.98%. Short interest in the company has seen 22Million shares shorted with days to cover at 4.24.
Wall Street analysts have a consensus price target for the stock at $24.58, which means that the shares’ value could jump 11.02% from current levels. The projected low price target is $16 while the price target rests at a high of $32. In that case, then, we find that the current price level is +44.53% off the targeted high while a plunge would see the stock lose -27.73% from current levels.
Cinemark Holdings Inc. (CNK) estimates and forecasts
Figures show that Cinemark Holdings Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +162.95% over the past 6 months, with this year growth rate of 34.67%, compared to 38.6% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -186.3% and 17.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be +115.1%.
11 analysts offering their estimates for the company have set an average revenue estimate of $92.02 Million for the current quarter. 11 have an estimated revenue figure of $230.2 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $543.62 Million for this quarter, and analysts expect sales will grow by -83.1% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -41.5% over the past 5 years. Earnings growth for 2021 is a modest -520.4% while over the next 5 years, the company’s earnings are expected to increase by 4%.
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Cinemark Holdings Inc. (NYSE:CNK)’s Major holders
Insiders own 11.2% of the company shares, while shares held by institutions stand at 96.73% with a share float percentage of 108.93%. Investors are also buoyed by the number of investors in a company, with Cinemark Holdings Inc. having a total of 347 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 15.02 Million shares worth more than $261.52 Million. As of December 30, 2020, FMR, LLC held 12.57% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 12.28 Million shares as of December 30, 2020. The firm’s total holdings are worth over $213.88 Million and represent 10.28% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Explorer Fund Inc. and iShares Core S&P Midcap ETF. As of January 30, 2021, the former fund manager holds about 2.87% shares in the company for having 3425368 shares of worth $69.33 Million while later fund manager owns 2.91 Million shares of worth $59.37 Million as of March 30, 2021, which makes it owner of about 2.43% of company’s outstanding stock.