This Insider Sold 45405.0 Shares In AMC Entertainment Holdings Inc. (AMC)

AMC Entertainment Holdings Inc. (NYSE:AMC) saw a downside of -2.49% to close Friday at $37.19 after subtracting -$0.95 on the day. The 5-day average trading volume is 36,076,199 shares of the company’s common stock. It has gained $39.03 in the past week. An average of 53,406,781 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 74,595,547.

AMC’s 1-month performance is -23.35% or -$10.21 on its low of $33.74 reached on 09/30/21. The company’s shares have touched a 52-week low of $1.91 and high of $72.62, with the stock’s rally to the 52-week high happening on 06/02/21. YTD, AMC has achieved 1654.25% or $35.07. However, the current price is down -48.79%% from the 52-week high price.


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Insider Transactions

On Aug 16, 56 days have gone by since the last insider trading activity for AMC Entertainment Holdings Inc. (AMC). Goodman Sean D. (EXECUTIVE VICE PRESIDENT & CFO) most recently sold 45,405 shares at $34.79 per share on Aug 16. This transaction cost the insider $1,579,640. EFP & CHIEF MARKETING OFFICER, COLANERO STEPHEN A, sold 2,495 shares at a price of $60.84 on Jun 17. Then, on Jun 14, Director Locke Gary sold 1,843 shares at a price of $58.14 per share. This transaction amounted to $107,152.

Valuation Metrics

AMC Entertainment Holdings Inc. (AMC) has a trailing price-to-earnings (P/E) ratio of 19.30 for the broader industry and 30.66 for the sector. The company’s PE ratio for the last five years has touched a high of 276.46 and a low of 10.78. AMC stock has a beta of 1.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 22.38.

AMC Entertainment Holdings Inc.’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 1.30 meaning that AMC stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 72.70%. The trailing 12-month EBITDA margin is -85.79%. The firm’s gross profit as reported stood at $830.9 million against revenue of $1.24 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected AMC to announce -$0.91 per share in earnings in its latest quarter, but it posted -$0.71, representing a 22.00% surprise. EBITDA for the quarter stood at more than -$205.3 million. AMC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.73 billion, with total debt at $11.07 billion. Shareholders hold equity totaling $513.33 million

Technical Picture

Let’s look briefly at AMC Entertainment Holdings Inc. (AMC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 40.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 65.10%.

The stock’s 5-day moving average is $37.20, reflecting a -3.30% or -$1.27 change from its current price. AMC is currently trading -25.86% above its 20-day SMA, +165.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -2.47% and +1,335.91% respectively.

Stochastic %K and %D was 37.62% and 30.26% and the average true range (ATR) pointed at 2.78. The RSI (14) points at 42.80%, while the 14-day stochastic is at 42.54% with the period’s ATR at 3.05. The stock’s 9-day MACD Oscillator is pointing at 0.16 and -0.70 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for AMC Entertainment Holdings Inc. (NYSE: AMC), Macquarie downgraded it to an Underperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for AMC stock have a consensus rating for the stock as Underweight. Currently, 5 brokerage advisors rate AMC as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is AMC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $1.00 and a high of $16.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for AMC Entertainment Holdings Inc. (AMC) stock is $5.44.

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