AMC Entertainment Holdings Inc (NYSE:AMC) saw an upside of 11.22% to $8.48 after adding $0.86 on Monday. The 5-day average trading volume is 17,732,035 shares of the company’s common stock. It has gained $8.69 in the past week and touched a new high 2 times within the past 5 days. An average of 31,730,609 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 16,980,195.
AMC’s 1-month performance is -41.02% or -$4.20 on its low of $7.05 reached on 09/11/23. The company’s shares have touched a 52-week low of $7.05 and high of $80.74, with the stock’s rally to the 52-week high happening on 02/28/23. YTD, AMC has lost -76.40% or -$32.47 and has reached a new high 9 times. However, the current price is down -89.50% 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 2.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.31.
AMC Entertainment Holdings Inc’s quick ratio for the period ended June 29 was 0.46, with the current ratio over the same period at 0.46. In terms of profitability, the gross margin trailing 12 months is 20.13%. The trailing 12-month EBITDA margin is 0.23% while for the period ending June 29, AMC Entertainment Holdings Inc’s operating margin was -5.34%. 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 -$0.37 per share in earnings in its latest quarter, but it posted $0.09, representing a 124.30% 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 $51.92 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 22 September was 31.35% to suggest the stock is trending Neutral, with historical volatility in this time period at 82.93%.
The stock’s 5-day moving average is $7.99, reflecting a +5.52% or $0.43 change from its current price. AMC is currently trading -33.78% above its 20-day SMA, -85.04% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -80.99% and SMA200 by-87.81%.
Stochastic %K and %D was 14.52% and 13.49% and the average true range (ATR) pointed at 1.39. The RSI (14) points at 28.88%, while the 14-day stochastic is at 25.39% with the period’s ATR at 1.94. The stock’s 9-day MACD Oscillator is pointing at -0.21 and -0.10 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for AMC Entertainment Holdings Inc (NYSE: AMC), Wedbush upgraded it to a Neutral rating. They previously had an Underperform rating on the stock. Analysts offering their rating for AMC stock have a consensus rating for the stock as Underweight. Currently, 3 brokerage advisors rate AMC as a “sell,”, while 4 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 $4.41 and a high of $45.00, with their median price target at $12.75. Looking at these predictions, the average price target given by analysts is for AMC Entertainment Holdings Inc (AMC) stock is $18.73.
