Cinemark Holdings, Inc. (CNK) Stock: Why It’s Headed For The Top

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Cinemark Holdings, Inc. (CNK) is making a move up in the market in today’s trading session. The company, focused on the service space, is currently priced at $39.84 after climbing -0.10% so far today. In terms of service companies, there are quite a few aspects that have the potential to cause price movement in the market. One of the most common is news. Here are the recent stories surrounding CNK:

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Mar-20-19 12:02PM Fathom Events Continues Record-Breaking Presentations of Hollywood Classics as ‘Gone with the Wind’ Grosses $2.2 Million
Mar-14-19 07:40AM Cinemark Holdings, Inc. (NYSE:CNK): Immense Growth Potential?
Mar-13-19 09:10AM Cinemark Brings 14-Screen Theatre to Jacksonvilles Atlantic North Shopping Center
Mar-08-19 08:09AM Go inside Cinemark’s new dine-in concept (Photos)
Mar-07-19 09:15AM CUT! by Cinemark Brings Fresh Approach to In-Theatre Dining and Entertainment

Nonetheless, when making an investing decision, prospective investors should take a look at far more than news, especially in the ever highly complex service space. Here’s what’s going on with Cinemark Holdings, Inc..

What We’ve Seen From CNK

Although a gain in a single session, like the gain that we’re seeing from Cinemark Holdings, Inc. may make some investors upset, a single session fall by itself shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It is always important to take a look at trends beyond a single trading day. When it comes to CNK, here are the returns that we’ve seen:

  • Past 5 Sessions – In the past seven days, CNK has produced a price change that amounts to -1.19%.
  • Past Month – The return from Cinemark Holdings, Inc. in the last 30 days comes to 7.97%.
  • Quarterly – In the last three months, the company has generated a return on investment of 6.61%
  • Past 6 Months – In the past 6 months, we’ve seen a performance that works out to 4.27% from the stock.
  • This Year So Far – Since the close of last year CNK has generated a return on investment of 11.28%.
  • Full Year – Lastly, throughout the past year, we have seen a change that works out to 1.76% from CNK. Over this period, the stock has traded at a high of -7.86% and a low of 19.42%.

Ratios That Are Notable

Digging into various ratios associated with a company can provide prospective traders an understanding of just how dangerous and/or potentially profitable a stock pick might be. Here are a few of the most important ratios to look at when looking at CNK.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the level of short interest. As the short ratio climbs, it means that more investors have a belief that the stock is headed for the top. Across the sector, strong service sector stocks can come with a lower short ratio. On the other hand, we also see a lot of short squeezes in the sector. Nonetheless, as it relates to Cinemark Holdings, Inc., it’s short ratio clocks in at 9.93.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts when they come due using quick assets or current assets. do have great current and quick ratios. When it comes to CNK, the quick and current ratios total up to 1.10 and 1.20 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets that are owned by the company. In this particular case, the book to share value ratio works out to 12.43.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the value of shares. As it relates to CNK, the cash to share value is 3.66.

What Institutions And Insiders Think Of Cinemark Holdings, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CNK, here’s what we’re seeing:

Institutions own 0 of the company. Institutional interest has moved by -3.83% over the past three months. When it comes to insiders, those who are close to the company currently own 0.80% percent of CNK shares. Institutions have seen ownership changes of an accumulative -0.80% over the last three months.

Analyst Opinions With Regard To Cinemark Holdings, Inc.

While it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a good idea to use their thoughts when validating your own opinions when it comes to making investment decisions in the service sector. Below you’ll find the recent moves that we have seen from analysts when it comes to CNK.

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Feb-01-19 Initiated Loop Capital Hold
Jan-07-19 Reiterated Imperial Capital Outperform $46 → $47
Jul-11-18 Initiated Imperial Capital Outperform $46
Apr-05-18 Upgrade MoffettNathanson Sell → Neutral
Jan-22-18 Reiterated B. Riley FBR, Inc. Buy $47 → $42.50

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $2.45. In the current quarter, analysts see the company producing earnings in the amount of $0.32. Over the last 5 years, CNK has generated revenue in the amount of $3.70% with earnings coming in at 9.20%. On a quarter over quarter basis, earnings have seen movement of -22.60% and revenue has seen movement of 6.50%.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 116.47M shares of Cinemark Holdings, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, CNK has a float of 106.36M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to CNK, the short percent of the float is 11.57%.

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