AMC Entertainment Holdings Inc. (NYSE:AMC) saw a downside of -0.59% to close Tuesday at $5.09 after subtracting -$0.03 on the day. The 5-day average trading volume is 21,738,340 shares of the company’s common stock. It has gained $5.46 in the past week and touched a new high 5 times within the past 5 days. An average of 39,876,121 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 26,348,529.
AMC’s 1-month performance is 20.05% or $0.89 on its low of $4.17 reached on 07/10/23. The company’s shares have touched a 52-week low of $3.77 and high of $16.89, with the stock’s rally to the 52-week high happening on 02/28/23. YTD, AMC has achieved 25.06% or $1.02 and has reached a new high 9 times. However, the current price is down -69.87% from the 52-week high price.
Insider Transactions
AMC stock investors last saw insider trading activity on Jun 28.Antara Capital LP (10% Owner) most recently sold 7,993,400 shares at $1.73 per share on Jun 28. This transaction cost the insider $13,815,317. 10% Owner, Antara Capital LP, sold 3,573,030 shares at a price of $1.79 on Jun 27. Then, on Jun 26, 10% Owner Antara Capital LP sold 2,371,887 shares at a price of $1.79 per share. This transaction amounted to $4,245,678.
Valuation Metrics
AMC stock has a beta of 1.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.65.
. In terms of profitability, the gross margin trailing 12 months is 66.80%. The trailing 12-month EBITDA margin is 0.23% while for the period ending March 30, AMC Entertainment Holdings Inc.’s operating margin was -4.80%. The firm’s gross profit as reported stood at $2.63 billion against revenue of $3.91 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 53.28% to -$287.7 million, while revenue of -$226.9 million was 21.13% off the previous quarter. Analysts expected AMC to announce -$0.15 per share in earnings in its latest quarter, but it posted -$0.17, representing a -13.30% surprise. EBITDA for the quarter stood at more than -$27.5 million. AMC stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 11.44 billion, with total debt at $9.66 billion. Shareholders hold equity totaling $519.19 million.
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 August was 58.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 77.34%.
The stock’s 5-day moving average is $4.97, reflecting a +3.25% or $0.16 change from its current price. AMC is currently trading +15.95% above its 20-day SMA, +20.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.30% and SMA200 by-16.69%.
Stochastic %K and %D was 40.83% and 37.06% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 57.18%, while the 14-day stochastic is at 43.00% with the period’s ATR at 0.35. The stock’s 9-day MACD Oscillator is pointing at 0.17 and 0.14 on the 14-day charts.
Analyst Ratings
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 3 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 $0.50 and a high of $4.50, with their median price target at $1.83. Looking at these predictions, the average price target given by analysts is for AMC Entertainment Holdings Inc. (AMC) stock is $2.27.
