The share price of Cinemark Holdings Inc. (NYSE:CNK) rose to $11.63 per share on Tuesday from $11.19. While Cinemark Holdings Inc. has overperformed by 3.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CNK fell by -27.31%, with highs and lows ranging from $19.76 to $8.28, whereas the simple moving average fell by -16.38% in the last 200 days.
On January 12, 2023, JP Morgan Upgraded Cinemark Holdings Inc. (NYSE: CNK) to Overweight. A report published by B. Riley Securities on January 03, 2023, Reiterated its previous ‘Buy’ rating for CNK. B. Riley Securities also reiterated CNK shares as ‘Buy’, quoting a target price of $17 on the company’s shares in a report dated October 12, 2022. Credit Suisse October 12, 2022d the rating to Underperform on October 12, 2022, and set its price target from $25 to $9. Morgan Stanley July 19, 2022d its ‘Equal-Weight’ rating to ‘Overweight’ for CNK, as published in its report on July 19, 2022. Credit Suisse’s report from November 09, 2021 suggests a price prediction of $25 for CNK shares, giving the stock a ‘Outperform’ rating. Wells Fargo also rated the stock as ‘Equal Weight’.
Analysis of Cinemark Holdings Inc. (CNK)
Further, the quarter-over-quarter increase in sales is 49.60%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Cinemark Holdings Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -65.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CNK is recording an average volume of 3.49M. On a monthly basis, the volatility of the stock is set at 6.38%, whereas on a weekly basis, it is put at 5.34%, with a gain of 4.87% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.33, showing growth from the present price of $11.63, which can serve as yet another indication of whether CNK is worth investing in or should be passed over.
How Do You Analyze Cinemark Holdings Inc. Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.90%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in CNK shares?
The recent increase in stakes in CNK appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in CNK has decreased by -1.30% in the first quarter. The company now owns 16,101,293 shares of the stock, with a value of $139.44 million, following the sale of -212,704 additional shares during the last quarter. Wellington Management Co. LLP made another increased to its shares in CNK during the first quarter, upping its stake by 10.31%. During the last quarter, the company dropped down 1,188,701 additional shares for a total stake of worth $110.17 million, bringing number of shares owned by the company to 12,722,193.
At the end of the first quarter, Orbis Investment Management Ltd. increased its CNK holdings by 16.07% and now holds 5.86 million CNK shares valued at $50.71 million with the added 0.81 million shares during the period.