Find Out How AMC Networks Inc. (AMCX) Insiders Are Trading Their Stock?


As of Wednesday close, AMC Networks Inc.’s (NASDAQ:AMCX) stock was up $0.25, moving up 1.20 percent to $21.02. The average number of shares traded per day over the past five days has been 269,020 shares. 2 times new highs have been achieved over the past 5 days, with a $0.52 gain in that time frame. In the last twenty days, the average volume was 397,295, while in the previous 50 days, it was 400,300.

Since last month, AMCX stock retreated -6.41%. Shares of the company fell to $17.45 on 11/09/22, the lowest level in the past month. A 52-week high of $44.66 was reached on 02/15/22 after having rallying from a 52-week low of $17.45. Since the beginning of this year, AMCX’s stock price has dropped by -38.97% or -$13.42, and marked a new high 12 times. However, the stock has declined by -52.93% since its 52-week high.

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AMCX stock investors should be aware that AMC Networks Inc. (AMCX) stock had its last reported insider trading activity 258 days ago on Mar 11. Gallagher James, the EVP and General Counsel of the company, disposed of 20,000 shares for $40.00 on Mar 11. It resulted in a $800,000 divestment by the insider. Sapan Joshua W sold 40,000 shares at an average price of $40.80 on Mar 01. The insider now owns 282,865 shares following the transaction. On Feb 01, Executive Vice Chairman Sapan Joshua W sold 40,000 shares at $42.59 apiece. The transaction was valued at $1,703,550.

Valuation Metrics

Right now, AMC Networks Inc. (AMCX) has a P/E ratio of about 3.18. The stock’s beta is 1.16. Besides these, the trailing price-to-sales (P/S) ratio of 0.31, the price-to-book (PB) ratio of 0.91, and the price-to-cash flow ratio of 10.01 may also be considered.

Financial Health

In the three months ended June 29, AMC Networks Inc.’s quick ratio stood at 1.80, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.80, and the total debt-to-equity ratio was 2.84. On the profitability front, the trailing twelve-month gross margin is 54.80% percent. In the year ended June 29, operating margins totaled 18.50%. Based on annual data, AMCX earned $1.65 billion in gross profit and brought in $3.08 billion in revenue.

In AMC Networks Inc.’s quarter-end financial report for June 29, it reported total debt of $2.79 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AMCX’s revenue fell -18.91% to $738.03 million during the quarter, while net income inched up to $681.84 million. While analysts expected AMC Networks Inc. to report $2.31 quarterly earnings, the actual figure was $2.06 per share, beating the consensus estimate by -10.80%. During the quarter, the company generated $403.42 million in EBITDA. The liabilities of AMC Networks Inc. were 4.76 billion at the end of its most recent quarter ended June 29, and its total debt was $3.0 billion. The value of shareholders’ equity is $42.98 million.

Technical Picture

This quick technical analysis looks at AMC Networks Inc.’s (AMCX) price momentum. With a historical volatility rate of 70.49%, the RSI 9-day stood at 52.39% on 23 November.

With respect to its five-day moving average, the current AMC Networks Inc. price is up by +2.54% percent or $0.52. At present, AMCX shares trade -4.45% below its 20-day simple moving average and -28.58% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.55% below its SMA50 and -49.35% below its SMA200.

Stochastic coefficient K was 65.10% and Stochastic coefficient D was 59.40%, while ATR was 1.19. Given the Stochastic reading of 72.71% for the 14-day period, the RSI (14) reading has been calculated as 49.81%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at 0.64.

Analyst Ratings

AMC Networks Inc. downgraded its rating on AMC Networks Inc. (NASDAQ: AMCX) to a Sell in a note to investors on July 22, 2021. The analysts firm previously had a Hold rating on the stock.

With a median target price of $22.00, the current consensus forecast for the stock is $10.00 – $35.00. Based on these forecasts, analysts predict AMC Networks Inc. (AMCX) will achieve an average price target of $20.89.


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