The stock of AMC Entertainment Holdings Inc. (NYSE:AMC) decreased by -$1.36 on Monday to finish at $11.07, down -10.94 percent. The last five days have seen an average of 21,211,740 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$29.63. The average number of shares traded over the last 20 days was 8,917,014, while the average volume over the last 50 days totaled 5,541,650.
AMC stock dropped -72.96% since last month. On 08/28/23, the company’s shares reached a one-month low of $11.05. The stock touched a high of $94.85 on 02/28/23, after rallying from a low of $12.40 in 52 weeks. The price of AMC stock has declined by -69.17% or -$29.63 this year, reaching a new high 9 times. Still, the stock price is down -88.33% from the 52-week high.
Insider Transactions
AMC stock investors should be aware that AMC Entertainment Holdings Inc. (AMC) stock had its last reported insider trading activity 62 days ago on Jun 28. On Jun 28, 10% Owner Antara Capital LP sold 7,993,400 shares at $1.73 each. This transaction resulted in the insider making $13,815,317. On Jun 27, Antara Capital LP sold 3,573,030 shares at a price of US$1.79. After the transaction, the insider now owns 101,905,306 shares. 10% Owner Antara Capital LP had earlier sold 2,371,887 shares on Jun 26 for $1.79 a share. The transaction was completed for $4,245,678.
Valuation Metrics
Company paid $0.0250 per share in dividends, a decrease of -66.67% from $0.0750 last year.
Financial Health
For the three months ended June 29, AMC Entertainment Holdings Inc.’s current ratio was 0.50. As far as profitability goes, gross margin for the trailing twelve months is 66.30% percent. AMC Entertainment Holdings Inc.’s operating margin stood at -2.80% for the same period. Based on annual data, it had gross profit of $2.63 billion and revenue of $3.91 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AMC’s return on assets (ROA) during the last 12 months has been -8.30%. There was a -12.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 28.60%.
Earnings Surprise
According to AMC Entertainment Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.35 billion, while revenues rose by 13.47% to $954.4 million. It was predicted that AMC Entertainment Holdings Inc.’s quarterly earnings would be $0.09, but it ended up being -$0.37, beating the consensus by 124.30%. EBITDA was $170.0 million for the quarter. At the end of AMC Entertainment Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 11.25 billion, while its total debt was $9.51 billion. Equity owned by shareholders amounts to $519.19 million.
Technical Picture
Here’s a quick look at AMC Entertainment Holdings Inc.’s (AMC) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 16.78%, suggesting the stock is oversold, with a 181.12% historical volatility rate.
The stochastic %K and %D were 0.89% and 1.33% respectively, while the average true range (ATR) was 4.88. Based on the 14-day stochastic reading of 0.05%, the RSI (14) reading is 22.33%. On the 9-day MACD Oscillator, the stock is at -13.26, and the 14-day reading is at -19.88.
Analyst Ratings
In its most recent analyst report, Wedbush raised its rating on AMC Entertainment Holdings Inc. (NYSE: AMC) to a Neutral. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned AMC Entertainment Holdings Inc. (AMC) an Underweight rating. AMC is a stock that is recommended for selling by 4 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is AMC’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $36.09, with a median target price of $8.38. In analyzing these forecasts, the average price target given by analysts for AMC Entertainment Holdings Inc. (AMC) is $13.31.
