AMC Entertainment Holdings Inc. (NYSE:AMC) finished Wednesday with a subtraction of -$0.17 to close at $5.33, a downside of -3.09 percent. An average of 28,454,180 shares of common stock have been traded in the last five days. There was a fall of -$0.32 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 28,657,381 shares traded, while the 50-day average volume stands at 30,170,092.
AMC stock has increased by 8.55% in the last month. The company shares reached their 1-month lowest point of $3.77 on 01/06/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $3.77 and a high of $21.09 in 52 weeks. It has reached a new high 5 times so far this year and achieved 30.96% or $1.26 in price. In spite of this, the price is down -74.73% from the 52-week high.
AMC stock investors should be aware that AMC Entertainment Holdings Inc. (AMC) stock had its last reported insider trading activity 15 days ago on Jan 11. In this transaction, the insider spent $377,748. SVP & CHIEF ACCOUNTING OFFICER, COX CHRIS A, disposed of 12,000 shares at a price of $25.00 on Aug 08. The insider now owns more than $300,000 worth of shares. Prior to that, EVP, US OPERATIONS MCDONALD JOHN D went on to Sale 25,000 shares at $23.91 each on Mar 31. An amount of $597,625 was transacted.
AMC Entertainment Holdings Inc. (AMC) stock’s beta is 1.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.67.
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 -8.20%.
For the three-month period that ended September 29, AMC Entertainment Holdings Inc. had $5.2 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$226.9 million in the quarter, while revenues of -$121.6 million were grew 1.19%. The analyst consensus anticipated AMC Entertainment Holdings Inc.’s latest quarter earnings to come in at -$0.25 per share, but it turned out to be -$0.22, a 12.00% surprise. For the quarter, EBITDA amounted to -$31.3 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 25 January was 54.22%, suggesting the stock is Neutral, with historical volatility in this time frame at 138.47%.
As of today, AMC’s price is $5.51 -5.66% or -$0.32 from its 5-day moving average. AMC is currently trading +21.14% higher than its 20-day SMA and -41.56% lower than its 100-day SMA. However, the stock’s current price level is -13.05% below the SMA50 and -72.99% below the SMA200.
The stochastic %K and %D were 62.11% and 63.71%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 56.12% and the average true range at 0.52, the RSI (14) stands at 51.67%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at 0.49.
B. Riley Securities reiterated its a Neutral rating on AMC Entertainment Holdings Inc. (NYSE: AMC), but raised their price target to $7.50, indicating a potential price increase of 28.93% for the stock. The consensus rating for AMC Entertainment Holdings Inc. (AMC) among analysts is Underweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell AMC, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is AMC’s price target for the next 12 months?
Analysts predict a range of price targets between $0.50 and $4.50, with a median target of $2.00. Taking a look at these predictions, the average price target given by analysts for AMC Entertainment Holdings Inc. (AMC) stock is $2.39.