AMC Entertainment Holdings, Inc. (NYSE:AMC) traded at $4.245 at last check on Monday, June 29, making an upward move of 2.59% on its previous day’s price.
Looking at the stock we see that its previous close was $4.18 and the beta (5Y monthly) reads 1.73 with the day’s price range being $3.7500 – 4.3200. In terms of its 52-week price range, AMC has a high of $12.49 and a low of $1.95. The company’s stock has gained about -17.55% over that past 30 days.
AMC has a market cap of $443.88 Million and is expected to release its quarterly earnings report on Aug 06, 2020- Aug 10, 2020. With its Forward Dividend at 0.12 and a yield of 2.87%, the company’s investors could be anxious for the AMC stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$3.99, with the EPS growth for the year declined at -$28.6 for 2020 and -$3.36 for next year. These figures represent 18.86% and at -0.88% growth in EPS for the two years respectively.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AMC stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare AMC (AMC) stock to its peers. We find that today’s price change of +2.59% and -55.95% over the past 12 months for AMC competes that of Trip.com Group Ltd (TCOM), which has seen its stock price fall -1.21% in the latest trading session and is -29.91% over the last one year. Another of its peers Royal Caribbean Cruises Ltd (RCL) has climbed 3.64% today, but is -61.07% down over the past year, while Live Nation Entertainment (LYV) is also up 2.59% yet its price remains in the red at -55.95% over the same period. Trip.com has a P/E ratio of 0 compared to AMC’s 0 and Royal’s 54.66. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.81% and 1.11%, respectively, in early deals.
Coming back to AMC Entertainment Holdings, Inc. (NYSE:AMC), we note that the average 3-month trading volume was 9.87 Million, while that of the preceding 10-day period stands at 7.53 Million. Current shares outstanding are 52.55 Million.
According to data from Thomson Reuters, insiders hold 2.12% of the company’s shares while institutions hold 89.87%. The data shows that short shares as of June 14, 2020, stood at 15.9 Million at a short ratio of 2.21. This represents a 15.24% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 22.64 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -42.27% down in year-to-date price movement.