Key Stats
Top 3 Technical Reasons (Bullish Bias)
Top 3 Fundamental Reasons (Bullish Bias)
Potential Paths to Profit
Disclaimer: We are not a brokerage or investment firm. We do not offer financial or investment advice. This is not certified financial education. All sales are final, and refunds are not offered.
- Price: $12.63 (as of Dec 1, 2024)
- Market Cap: 798M CAD
- Revenue (TTM): 1.39B CAD (+1.95% YoY)
- P/S Ratio: 0.78
- Next Earnings Date: February 2025
Top 3 Technical Reasons (Bullish Bias)
- Strong support near $12.50: CGX has been testing this zone, forming a solid base with potential for a bounce.
- Breakout Watch: A bullish ascending triangle is forming, signalling a possible breakout towards $16.
- Volume Uptick: Recent trading days show increased volume on up moves—buyers are stepping in.
Top 3 Fundamental Reasons (Bullish Bias)
- Revenue Growth Resilience: Despite sector struggles, Cineplex's revenue rose 1.95% YoY, outpacing some peers.
- Deep Value Play: A P/S ratio of 0.78 highlights undervaluation compared to broader industry averages.
- Canada’s Cinematic Recovery: Increased box office sales as tentpole releases and audience confidence return post-pandemic.
Potential Paths to Profit
- Low-risk: Buy shares outright and aim for the $16 target.
- Options Play: Consider $15 strike calls expiring in May 2025 for leverage.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial or investment advice. This is not certified financial education. All sales are final, and refunds are not offered.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.