Cinemark Holdings Inc. (NYSE:CNK) has a beta of 2.74. The stock’s Relative Strength Index (RSI) is 71.77, with weekly volatility at 6.93% and ATR at 1.18. The CNK stock’s 52-week price range has touched low of $5.71 and a $35.74 high. Its shares traded higher over the last trading session, gaining 4.73% on 12/02/20. The shares fell to a low of $15.8359 before closing at $17.04. Intraday shares traded counted 11.42 million, which was -9.98% lower than its 30-day average trading volume of 10.38M. CNK’s previous close was $16.27 while the outstanding shares total 116.71M.
Investors have identified the Entertainment company Cinemark Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.99 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Cinemark Holdings Inc. (CNK) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CNK, the company has in raw cash 825.71 million on their books with 7.96 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 984009000 million total, with 623877000 million as their total liabilities.
CNK were able to record -235.27 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 337.39 million. In cash movements, the company had a total of -167.65 million as operating cash flow.
Potential earnings growth for Cinemark Holdings Inc. (CNK)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Cinemark Holdings Inc. recorded a total of 35.48 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -2216.41% coming in sequential stages and their sales for the third quarter increasing by 74.71%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 121.4 million trying to sell their products during the last quarter, with the result yielding a gross income of -85.93 million. This allows shareholders to hold on to 116.71M with the revenue now reading -1.27 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-1.45 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.63 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CNK sounds very interesting.
Is the stock of CNK attractive?
In related news, Director, Humrichouse Ximena G sold 5,000 shares of the company’s stock in a transaction that recorded on Mar 30. The sale was performed at an average price of 11.40, for a total value of 56,976. As the sale deal closes, the Director, Humrichouse Ximena G now bought 5,000 shares of the company’s stock, valued at 30,900. Also, Director, MITCHELL LEE ROY bought 122,800 shares of the company’s stock in a deal that was recorded on Mar 17. The shares were price at an average price of 7.94 per share, with a total market value of 975,032. Following this completion of acquisition, the Chief Executive Officer, Zoradi Mark now holds 20,000 shares of the company’s stock, valued at 211,600. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.30%.