At the last check on Friday, AMC Networks Inc.’s (NASDAQ:AMCX) stock was up $2.05, moving up 16.68 percent to $14.33. The average number of shares traded per day over the past five days has been 406,853 shares. 2 times new highs have been achieved over the past 5 days, with a $1.63 gain in that time frame. In the last twenty days, the average volume was 353,303, while in the previous 50 days, it was 483,001.
Since last month, AMCX stock rose 19.10%. Shares of the company fell to $11.41 on 07/05/23, the lowest level in the past month. A 52-week high of $33.35 was reached on 02/17/23 after having rallying from a 52-week low of $10.30. Since the beginning of this year, AMCX’s stock price has dropped by -8.56% or -$0.82, and marked a new high 14 times. However, the stock has declined by -57.04% 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 163 days ago on Feb 22. Gallagher James, the EVP and General Counsel of the company, disposed of 20,000 shares for $23.15 on Feb 22. It resulted in a $463,000 divestment by the insider. Dolan Leinauer Corby sold 927 shares at an average price of $18.82 on Dec 05. The insider now owns 857 shares following the transaction.
Valuation Metrics
Right now, AMC Networks Inc. (AMCX) has a P/E ratio of about 141.86. The stock’s beta is 1.19. Besides these, the trailing price-to-sales (P/S) ratio of 0.20, the price-to-book (PB) ratio of 0.68, and the price-to-cash flow ratio of 21.24 may also be considered.
Financial Health
In the three months ended March 30, AMC Networks Inc.’s quick ratio stood at 1.70, while its current ratio was 1.70, 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 March 30 was 3.02, and the total debt-to-equity ratio was 3.07. On the profitability front, the trailing twelve-month gross margin is 49.80% percent. In the year ended March 30, EBITDA margin amounted to 55.76%, whereas operating margins totaled 2.80%. Based on annual data, AMCX earned $1.58 billion in gross profit and brought in $3.1 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.50%. Return on equity (ROE) for the past 12 months was 0.80%.
In AMC Networks Inc.’s quarter-end financial report for March 30, it reported total debt of $2.76 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 rose 0.74% to $964.52 million during the quarter, while net income inched up to $717.45 million. While analysts expected AMC Networks Inc. to report $1.87 quarterly earnings, the actual figure was $2.62 per share, beating the consensus estimate by 40.10%. During the quarter, the company generated $393.29 million in EBITDA. The liabilities of AMC Networks Inc. were 4.49 billion at the end of its most recent quarter ended March 30, and its total debt was $2.96 billion. The value of shareholders’ equity is $43.5 million.
Technical Picture
This quick technical analysis looks at AMC Networks Inc.’s (AMCX) price momentum. With a historical volatility rate of 107.40%, the RSI 9-day stood at 70.83% on 03 August.
With respect to its five-day moving average, the current AMC Networks Inc. price is up by +12.28% percent or $1.63. At present, AMCX shares trade +16.69% above its 20-day simple moving average and -11.84% percent below its 100-day simple moving average. However, the stock is currently trading approximately +15.16% above its SMA50 and -34.04% below its SMA200.
Stochastic coefficient K was 36.03% and Stochastic coefficient D was 19.80%, while ATR was 0.88. Given the Stochastic reading of 84.37% for the 14-day period, the RSI (14) reading has been calculated as 66.10%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at -0.08.
Analyst Ratings
AMC Networks Inc. downgraded its rating on AMC Networks Inc. (NASDAQ: AMCX) to an Underweight in a note to investors on June 06, 2023. The analysts firm previously had an Equal-weight rating on the stock.AMC Networks Inc. (AMCX) has been rated Underweight by analysts. According to 4 brokerage firms, AMCX is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate AMC Networks Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $14.00, the current consensus forecast for the stock is $10.00 – $27.00. Based on these forecasts, analysts predict AMC Networks Inc. (AMCX) will achieve an average price target of $16.14.
