AMC Entertainment Holdings Inc. (NYSE:AMC) saw a downside of -23.72% to close Monday at $3.12 after subtracting -$0.97 on the day. The 5-day average trading volume is 72,848,656 shares of the company’s common stock. It has gained $4.19 in the past week and touched a new high 4 times within the past 5 days. An average of 45,840,770 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 35,855,461.
AMC’s 1-month performance is -29.09% or -$1.28 on its low of $3.05 reached on 08/21/23. The company’s shares have touched a 52-week low of $3.18 and high of $13.05, with the stock’s rally to the 52-week high happening on 02/28/23. YTD, AMC has lost -23.34% or -$0.95 and has reached a new high 9 times. However, the current price is down -76.09% from the 52-week high price.
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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 1.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.38.
. In terms of profitability, the gross margin trailing 12 months is 66.30%. The trailing 12-month EBITDA margin is 0.23% while for the period ending June 29, AMC Entertainment Holdings Inc.’s operating margin was -2.80%. 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 June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 1513.95% to $8.6 million, while revenue of -$235.5 million was 2838.37% off the previous quarter. Analysts expected AMC to announce -$0.04 per share in earnings in its latest quarter, but it posted $0.01, representing a 125.00% surprise. EBITDA for the quarter stood at more than $170.0 million. AMC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.25 billion, with total debt at $9.51 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 21 August was 30.37% to suggest the stock is trending Neutral, with historical volatility in this time period at 264.62%.
The stock’s 5-day moving average is $3.74, reflecting a -7.96% or -$0.27 change from its current price. AMC is currently trading -46.67% above its 20-day SMA, -39.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -33.33% and SMA200 by-49.27%.
Stochastic %K and %D was 26.85% and 29.76% and the average true range (ATR) pointed at 0.55. The RSI (14) points at 34.42%, while the 14-day stochastic is at 2.90% with the period’s ATR at 0.49. The stock’s 9-day MACD Oscillator is pointing at -0.38 and -0.68 on the 14-day charts.
