CNK Stock Summary and Trading Ideas (Cinemark Hldgs | NYSE:CNK)

Cinemark Holdings Inc is geographically diverse operators in the motion picture exhibition industry in the United States. The company operates in around 518 theatres and 5,847 screens in the United States and Latin America. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rental and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals and electronic video games located in some of the theatres. Majority of Cinemark's theaters are located in midsize cities or suburbs of large cities.

Cinemark Hldgs trades on the NYSE stock market under the symbol CNK.

As of April 19, 2024, CNK stock price declined to $17.87 with 80,723 million shares trading.

CNK has a beta of 0.38, meaning it tends to be less sensitive to market movements. CNK has a correlation of 0.01 to the broad based SPY ETF.

CNK has a market cap of $2.17 billion. This is considered a Mid Cap stock.

Last quarter Cinemark Hldgs reported $639 million in Revenue and -$.15 earnings per share. This beat revenue expectation by $19 million and missed earnings estimates by -$.10.

In the last 3 years, CNK stock traded as high as $25.20 and as low as $8.28.

The top ETF exchange traded funds that CNK belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

CNK has underperformed the market in the last year with a price return of +8.0% while the SPY ETF gained +22.1%. However, in the short term, CNK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +30.1% vs +5.0% return in SPY. But in the last 2 weeks, CNK shares have been beat by the market, returning -4.7% compared to an SPY return of -2.8%.

CNK support price is $17.72 and resistance is $18.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNK stock will trade within this expected range on the day.