Cinemark Holdings, Inc. operates 521 movie theaters with almost 6,000 screens in the USA and Latin America. The company was founded in 1984 with headquarters in Plano, Texas. Learn the latest information and analysis on the company, CNK stock price today, history, stock news, how much one share costs and other information to help you make investment decisions.
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Cinemark is one of the businesses that was hit by the pandemic restrictions. However, recently the company’s revenue increased from $9 to $294 mln and losses decreased — from $170 to $142 mln. Quarterly results beat analysts forecasts and current box-office hits will help recover faster.
Despite this, many analysts are bearish on this stock, claiming that the stock will need more than Spider-Man to justify its price. Cinemark has losses and negative cash flow, which may create problems with refinancing future debt.
The Cinemark stock price is moving sideways, trading at around $15-20 lower than pre-pandemic prices.
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