In yesterday’s Wall Street session, Cinemark Holdings Inc (NYSE:CNK) shares traded at $29.75, down -2.40% from the previous session.
CNK stock price is now 5.50% away from the 50-day moving average and 40.54% away from the 200-day moving average. The market capitalization of the company currently stands at $3.64B.
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With the price target maintained at $36, Barrington Research recently Upgraded its rating from Mkt Perform to Outperform for Cinemark Holdings Inc (NYSE: CNK). , while ‘B. Riley Securities’ rates the stock as ‘Neutral’
In other news, Fernandes Valmir, Pr – Cinemark International sold 25,000 shares of the company’s stock on Aug 19 ’24. The stock was sold for $679,750 at an average price of $27.19. Upon completion of the transaction, the Pr – Cinemark International now directly owns 204,729 shares in the company, valued at $6.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19 ’24, Officer Fernandes Valmir bought 25,000 shares of the business’s stock. A total of $679,878 was incurred on buying the stock at an average price of $27.20. A total of 10.72% 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 $30.69. As of last week, the company has a debt-to-equity ratio of 9.35, a current ratio of 1.29, and a quick ratio of 1.26. The fifty day moving average price for CNK is $28.1982 and a two-hundred day moving average price translates $21.1686 for the stock.
The latest earnings results from Cinemark Holdings Inc (NYSE: CNK) was released for 2024-06-30. The net profit margin was 4.95% and return on equity was 45.86% for CNK. The company reported revenue of $734.2 million for the quarter, compared to $942.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -22.08 percent.
