AMC Entertainment Holdings Inc (NYSE:AMC) finished Wednesday with a subtraction of -$0.34 to close at $7.57, a downside of -4.30 percent. An average of 16,354,880 shares of common stock have been traded in the last five days. There was a fall of -$0.59 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 31,115,949 shares traded, while the 50-day average volume stands at 17,711,871.
AMC stock has decreased by -31.62% in the last month. The company shares reached their 1-month lowest point of $7.05 on 09/11/23. With the stock rallying to its 52-week high on 02/28/23, shares of the company touched a low of $7.05 and a high of $80.74 in 52 weeks. It has reached a new high 9 times so far this year and lost -78.92% or -$33.13 in price. In spite of this, the price is down -90.62% 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 92 days ago on Jun 28. In this transaction, the insider spent $13,815,317. 10% Owner, Antara Capital LP, disposed of 3,573,030 shares at a price of $1.79 on Jun 27. The insider now owns more than $6,395,362 worth of shares. Prior to that, 10% Owner Antara Capital LP went on to Sale 2,371,887 shares at $1.79 each on Jun 26. An amount of $4,245,678 was transacted.
Valuation Metrics
AMC Entertainment Holdings Inc (AMC) stock’s beta is 2.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.28.
The company’s most recent quarterly dividend payment was $0.0250 a share, representing a down of -66.67% from $0.0750 last year. Its latest decrease dividend $0.05 reported on Thursday August 4 2022.
Financial Health
The quick ratio of AMC Entertainment Holdings Inc for the three months ended June 29 was 0.46, and the current ratio was 0.46, indicating that the company is not able to meet its debt obligations. AMC Entertainment Holdings Inc’s EBITDA margin for the year ending June 29 is 0.23%, while its operating margin for the same period stands at -5.34%. Its gross profit as reported stood at $2.63 billion compared to revenue of $3.91 billion.
Earnings Surprise
For the three-month period that ended June 29, AMC Entertainment Holdings Inc had $4.8 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $8.6 million in the quarter, while revenues of -$235.5 million were grew 1513.95%. The analyst consensus anticipated AMC Entertainment Holdings Inc’s latest quarter earnings to come in at -$0.37 per share, but it turned out to be $0.09, a 124.30% surprise. For the quarter, EBITDA amounted to $170.0 million. Shareholders own equity worth $51.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at AMC Entertainment Holdings Inc (AMC) price momentum. RSI 9-day as of the close on 27 September was 28.01%, suggesting the stock is oversold, with historical volatility in this time frame at 72.22%.
As of today, AMC’s price is $7.79 -7.23% or -$0.59 from its 5-day moving average. AMC is currently trading -30.61% lower than its 20-day SMA and -87.21% lower than its 100-day SMA. However, the stock’s current price level is -82.44% below the SMA50 and -87.53% below the SMA200.
The stochastic %K and %D were 30.25% and 22.92%, respectively, and the average true range (ATR) was 1.24. With the 14-day stochastic at 25.37% and the average true range at 1.77, the RSI (14) stands at 27.52%. The stock has reached -0.07 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.
Analyst Ratings
Citigroup reiterated its a Sell rating on AMC Entertainment Holdings Inc (NYSE: AMC), but raised their price target to $15.50, indicating a potential price increase of 51.16% for the stock. The consensus rating for AMC Entertainment Holdings Inc (AMC) among analysts is Underweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell AMC, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is AMC’s price target for the next 12 months?
Analysts predict a range of price targets between $4.41 and $45.00, with a median target of $7.38. Taking a look at these predictions, the average price target given by analysts for AMC Entertainment Holdings Inc (AMC) stock is $16.04.
