The price of Cinemark Holdings Inc (NYSE:CNK) shares last traded on Wall Street fell -0.27% to $18.73.
CNK stock price is now 4.25% away from the 50-day moving average and 14.52% away from the 200-day moving average. The market capitalization of the company currently stands at $2.29B.
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With the price target enhanced from $13 to $23, Wells Fargo Upgraded its rating from Underweight to Overweight for Cinemark Holdings Inc (NYSE: CNK). On January 02, 2024, B. Riley Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $23 to quote $15, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, Gierhart Wanda Marie, Chief Marketing & Content Ofc sold 19,593 shares of the company’s stock on Feb 28 ’24. The stock was sold for $328,183 at an average price of $16.75. Upon completion of the transaction, the Chief Marketing & Content Ofc now directly owns 179,591 shares in the company, valued at $3.36 million. A total of 10.75% of the company’s stock is owned by insiders.
During the past 12 months, Cinemark Holdings Inc has had a low of $13.19 and a high of $20.40. As of last week, the company has a debt-to-equity ratio of 10.90, a current ratio of 1.48, and a quick ratio of 1.45.
According to the Entertainment Company, earnings per share came in at 0.8, beating analysts’ expectations of 0.55 by 0.25. This compares to -$0.02 EPS in the same period last year. The net profit margin was 6.98% and return on equity was 96.25% for CNK. The company reported revenue of $579.2 million for the quarter, compared to $610.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.16 percent. For the current quarter, analysts expect CNK to generate $752.96M in revenue.
