AMC Entertainment Holdings Inc. (NYSE:AMC) finished Thursday with a subtraction of -$0.75 to close at $7.85, a downside of -8.72 percent. An average of 23,971,721 shares of common stock have been traded in the last five days. There was a fall of -$2.03 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 27,738,135 shares traded, while the 50-day average volume stands at 44,537,168.
AMC stock has decreased by -17.89% in the last month. The company shares reached their 1-month lowest point of $7.73 on 09/22/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $5.96 and a high of $28.23 in 52 weeks. It has reached a new high 3 times so far this year and lost -53.02% or -$19.35 in price. In spite of this, the price is down -72.19% from the 52-week high.
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46 days have passed since AMC Entertainment Holdings Inc. (AMC) last reported insider trading activity. COX CHRIS A, who is SVP & CHIEF ACCOUNTING OFFICER, most recently acquired $12,000 shares at $25.00 per share on Aug 08. In this transaction, the insider spent $300,000. EVP, US OPERATIONS, MCDONALD JOHN D, disposed of 25,000 shares at a price of $23.91 on Mar 31. The insider now owns more than $597,625 worth of shares. Prior to that, EVP & CHIEF CONTENT OFFICER FRANK ELIZABETH F went on to Sale 20,000 shares at $29.91 each on Mar 29. An amount of $598,240 was transacted.
AMC Entertainment Holdings Inc. (AMC) stock’s beta is 1.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.15.
The quick ratio of AMC Entertainment Holdings Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $1.78 billion compared to revenue of $2.53 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, AMC Entertainment Holdings Inc.’s return on assets was -7.80%.
For the three-month period that ended June 29, AMC Entertainment Holdings Inc. had $5.36 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$121.6 million in the quarter, while revenues of -$337.4 million were shrunk -182.57%. The analyst consensus anticipated AMC Entertainment Holdings Inc.’s latest quarter earnings to come in at -$0.21 per share, but it turned out to be -$0.24, a -14.30% surprise. For the quarter, EBITDA amounted to $68.1 million. Shareholders own equity worth $516.82 million.
From a technical analysis perspective, let’s take a brief look at AMC Entertainment Holdings Inc. (AMC) price momentum. RSI 9-day as of the close on 22 September was 27.83%, suggesting the stock is oversold, with historical volatility in this time frame at 113.49%.
As of today, AMC’s price is $8.66 -20.55% or -$2.03 from its 5-day moving average. AMC is currently trading -18.06% lower than its 20-day SMA and -48.69% lower than its 100-day SMA. However, the stock’s current price level is -48.15% below the SMA50 and -72.73% below the SMA200.
The stochastic %K and %D were 19.16% and 29.77%, respectively, and the average true range (ATR) was 0.92. With the 14-day stochastic at 3.97% and the average true range at 1.12, the RSI (14) stands at 31.99%. The stock has reached -0.84 on the 9-day MACD Oscillator while the 14-day reading was at -0.68.
Wedbush downgraded AMC Entertainment Holdings Inc. (NYSE: AMC) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral.