As of Wednesday close, AMC Entertainment Holdings Inc.’s (NYSE:AMC) stock was down -$0.09, moving down -1.09 percent to $8.16. The average number of shares traded per day over the past five days has been 27,239,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.08 fall in that time frame. In the last twenty days, the average volume was 33,148,547, while in the previous 50 days, it was 16,253,541.
Since last month, AMC stock retreated -70.36%. Shares of the company fell to $7.05 on 09/11/23, the lowest level in the past month. A 52-week high of $82.24 was reached on 02/28/23 after having rallying from a 52-week low of $7.05. Since the beginning of this year, AMC’s stock price has dropped by -77.28% or -$32.54, and marked a new high 9 times. However, the stock has declined by -90.08% since its 52-week high.
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AMC stock investors should be aware that AMC Entertainment Holdings Inc. (AMC) stock had its last reported insider trading activity 85 days ago on Jun 28. Antara Capital LP, the 10% Owner of the company, disposed of 7,993,400 shares for $1.73 on Jun 28. It resulted in a $13,815,317 divestment by the insider. Antara Capital LP sold 3,573,030 shares at an average price of $1.79 on Jun 27. The insider now owns 101,905,306 shares following the transaction. On Jun 26, 10% Owner Antara Capital LP sold 2,371,887 shares at $1.79 apiece. The transaction was valued at $4,245,678.
Valuation Metrics
The latest dividend of $0.0250 per share was paid out, which is -66.67% less than last year’s $0.0750.
Financial Health
On the profitability front, the trailing twelve-month gross margin is 66.30% percent. In the year ended June 29, EBITDA margin amounted to 0.23%, whereas operating margins totaled -2.80%. Based on annual data, AMC earned $2.63 billion in gross profit and brought in $3.91 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 -12.70%. Return on equity (ROE) for the past 12 months was 28.60%.
In AMC Entertainment Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $4.8 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMC’s revenue rose 13.47% to $954.4 million during the quarter, while net income inched up to $1.35 billion. While analysts expected AMC Entertainment Holdings Inc. to report -$0.37 quarterly earnings, the actual figure was $0.09 per share, beating the consensus estimate by 124.30%. During the quarter, the company generated $170.0 million in EBITDA. The liabilities of AMC Entertainment Holdings Inc. were 11.25 billion at the end of its most recent quarter ended June 29, and its total debt was $9.51 billion. The value of shareholders’ equity is $51.92 million.
Technical Picture
This quick technical analysis looks at AMC Entertainment Holdings Inc.’s (AMC) price momentum. With a historical volatility rate of 95.68%, the RSI 9-day stood at 27.13% on 20 September.
With respect to its five-day moving average, the current AMC Entertainment Holdings Inc. price is down by -0.97% percent or -$0.08. At present, AMC shares trade -68.00% below its 20-day simple moving average and -84.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately -81.41% below its SMA50 and -90.01% below its SMA200.
Stochastic coefficient K was 14.89% and Stochastic coefficient D was 15.23%, while ATR was 1.68. Given the Stochastic reading of 16.20% for the 14-day period, the RSI (14) reading has been calculated as 27.09%. As of today, the MACD Oscillator reading stands at 0.18, while the 14-day reading stands at -1.01.
Analyst Ratings
Wedbush upgraded its rating on AMC Entertainment Holdings Inc. (NYSE: AMC) to a Neutral in a note to investors on August 24, 2023. The analysts firm previously had an Underperform rating on the stock.AMC Entertainment Holdings Inc. (AMC) has been rated Underweight by analysts. According to 3 brokerage firms, AMC is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate AMC Entertainment Holdings Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $12.75, the current consensus forecast for the stock is $4.41 – $45.00. Based on these forecasts, analysts predict AMC Entertainment Holdings Inc. (AMC) will achieve an average price target of $18.73.
